Harvest Fund Management Co. Ltd Decreases Holdings in Nu Holdings Ltd. (NYSE:NU)

Harvest Fund Management Co. Ltd reduced its position in Nu Holdings Ltd. (NYSE:NU) by 42.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,310 shares of the company’s stock after selling 30,659 shares during the period. Harvest Fund Management Co. Ltd’s holdings in NU were worth $578,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Dynamic Technology Lab Private Ltd purchased a new position in NU in the third quarter worth about $1,083,000. Fisher Asset Management LLC purchased a new position in shares of NU in the third quarter worth approximately $98,704,000. Daiwa Securities Group Inc. purchased a new position in shares of NU in the third quarter worth approximately $5,626,000. Westfield Capital Management Co. LP grew its position in NU by 41.1% during the third quarter. Westfield Capital Management Co. LP now owns 5,869,859 shares of the company’s stock valued at $80,124,000 after buying an additional 1,710,428 shares during the period. Finally, Nwam LLC purchased a new stake in NU during the third quarter valued at approximately $347,000. Institutional investors own 80.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NU. KeyCorp lifted their target price on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Barclays lifted their price objective on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Susquehanna upped their price target on shares of NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. raised their price objective on shares of NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. Finally, The Goldman Sachs Group upped their target price on shares of NU from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, NU presently has a consensus rating of “Moderate Buy” and an average target price of $16.21.

NU Stock Down 2.1 %

NU opened at $13.94 on Wednesday. Nu Holdings Ltd. has a 52 week low of $8.04 and a 52 week high of $16.15. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. The firm has a 50-day simple moving average of $14.40 and a two-hundred day simple moving average of $13.32. The company has a market capitalization of $66.41 billion, a PE ratio of 38.71, a price-to-earnings-growth ratio of 0.63 and a beta of 1.13.

NU Company Profile

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.