Pictet Asset Management SA cut its holdings in Nu Holdings Ltd. (NYSE:NU – Get Rating) by 1.4% in the 2nd quarter, HoldingsChannel reports. The fund owned 1,222,981 shares of the company’s stock after selling 17,265 shares during the period. Pictet Asset Management SA’s holdings in NU were worth $4,574,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Allen Capital Group LLC acquired a new stake in shares of NU during the 1st quarter worth $81,000. AMG National Trust Bank acquired a new stake in shares of NU during the 2nd quarter worth $102,000. Commonwealth Equity Services LLC increased its holdings in shares of NU by 69.1% during the 1st quarter. Commonwealth Equity Services LLC now owns 45,999 shares of the company’s stock worth $355,000 after buying an additional 18,789 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new stake in shares of NU during the 2nd quarter worth $160,000. Finally, Glynn Capital Management LLC increased its holdings in shares of NU by 9.5% during the 2nd quarter. Glynn Capital Management LLC now owns 3,655,420 shares of the company’s stock worth $13,671,000 after buying an additional 315,613 shares during the last quarter. 48.09% of the stock is currently owned by institutional investors and hedge funds.
NU Stock Down 1.4 %
NYSE:NU opened at $4.32 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.37 and a quick ratio of 0.40. The firm has a 50-day moving average of $4.70 and a two-hundred day moving average of $4.43. Nu Holdings Ltd. has a 1-year low of $3.26 and a 1-year high of $12.24.
Wall Street Analysts Forecast Growth
Nu Holdings Ltd. operates as a digital financial services platform and technology company primarily in Brazil, Mexico, and Colombia. 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.
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