CIBC Private Wealth Group LLC Buys 5,438 Shares of Nu Holdings Ltd. (NYSE:NU)

CIBC Private Wealth Group LLC lifted its position in Nu Holdings Ltd. (NYSE:NU) by 1.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 545,157 shares of the company’s stock after purchasing an additional 5,438 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in NU were worth $6,073,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of NU. Piscataqua Savings Bank boosted its stake in NU by 500.0% in the fourth quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock worth $31,000 after buying an additional 2,500 shares in the last quarter. Campbell Capital Management Inc. purchased a new stake in shares of NU in the 4th quarter valued at $52,000. Whipplewood Advisors LLC bought a new position in shares of NU during the 4th quarter valued at $62,000. Ethos Financial Group LLC purchased a new position in NU in the 4th quarter worth $82,000. Finally, Quarry LP lifted its stake in NU by 104.8% in the third quarter. Quarry LP now owns 7,890 shares of the company’s stock worth $108,000 after purchasing an additional 4,037 shares during the last quarter. 84.02% of the stock is currently owned by institutional investors.

NU Price Performance

Shares of NU stock opened at $10.45 on Wednesday. The company has a market cap of $49.78 billion, a PE ratio of 26.11, a P/E/G ratio of 0.48 and a beta of 1.14. The business has a 50 day moving average of $11.99 and a 200 day moving average of $12.69. Nu Holdings Ltd. has a 52 week low of $9.67 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.

NU (NYSE:NU) last posted its earnings results on Thursday, February 20th. The company reported $0.12 EPS for the quarter, hitting the consensus estimate of $0.12. NU had a net margin of 17.12% and a return on equity of 30.99%. The firm had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $3.17 billion. As a group, equities research analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NU. JPMorgan Chase & Co. reduced their price objective on NU from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Monday, February 24th. Barclays decreased their price target on NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a research note on Monday, February 24th. Finally, UBS Group dropped their price objective on NU from $15.50 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $15.47.

NU 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.