1858 Wealth Management LLC Makes New Investment in Nu Holdings Ltd. (NYSE:NU)

1858 Wealth Management LLC purchased a new position in Nu Holdings Ltd. (NYSE:NU) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 20,190 shares of the company’s stock, valued at approximately $209,000.

A number of other large investors have also recently added to or reduced their stakes in NU. LRI Investments LLC grew its position in shares of NU by 3.1% in the third quarter. LRI Investments LLC now owns 24,983 shares of the company’s stock valued at $341,000 after purchasing an additional 743 shares during the last quarter. Coldstream Capital Management Inc. raised its stake in shares of NU by 3.1% in the third quarter. Coldstream Capital Management Inc. now owns 26,517 shares of the company’s stock valued at $362,000 after purchasing an additional 801 shares in the last quarter. Marcum Wealth LLC raised its stake in shares of NU by 2.5% in the 3rd quarter. Marcum Wealth LLC now owns 37,221 shares of the company’s stock valued at $508,000 after buying an additional 903 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in NU by 1.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 69,110 shares of the company’s stock worth $716,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Arkfeld Wealth Strategies L.L.C. lifted its position in shares of NU by 2.0% during the 4th quarter. Arkfeld Wealth Strategies L.L.C. now owns 52,245 shares of the company’s stock worth $579,000 after buying an additional 1,000 shares during the period. Institutional investors own 84.02% of the company’s stock.

NU Trading Up 1.2 %

NYSE NU opened at $13.30 on Wednesday. Nu Holdings Ltd. has a 12 month low of $9.09 and a 12 month high of $16.15. The stock has a 50-day simple moving average of $11.61 and a 200 day simple moving average of $13.12. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $63.36 billion, a PE ratio of 36.93, a P/E/G ratio of 0.47 and a beta of 1.10.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on NU shares. Citigroup cut NU from a “neutral” rating to a “sell” rating and cut their price objective for the company from $14.60 to $11.00 in a report on Monday, December 2nd. Itau BBA Securities cut shares of NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. KeyCorp lifted their target price on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Susquehanna boosted their target price on NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th. Finally, The Goldman Sachs Group lifted their price objective on NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $15.63.

NU Company Profile

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.