Kolinsky Wealth Management LLC Acquires New Stake in Nu Holdings Ltd. (NYSE:NU)

Kolinsky Wealth Management LLC acquired a new stake in shares of Nu Holdings Ltd. (NYSE:NU) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 21,087 shares of the company’s stock, valued at approximately $288,000.

Other large investors also recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV raised its position in NU by 287.9% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock valued at $26,000 after purchasing an additional 1,422 shares in the last quarter. GAMMA Investing LLC raised its position in NU by 56.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock valued at $29,000 after purchasing an additional 815 shares in the last quarter. Carolina Wealth Advisors LLC bought a new stake in NU during the 3rd quarter valued at $44,000. ORG Partners LLC bought a new stake in NU during the 2nd quarter valued at $54,000. Finally, Toth Financial Advisory Corp bought a new stake in NU during the 3rd quarter valued at $55,000. Hedge funds and other institutional investors own 80.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on NU. JPMorgan Chase & Co. lifted their target price on NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. The Goldman Sachs Group boosted their price target on NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Susquehanna boosted their price target on NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th. Barclays boosted their price target on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Finally, KeyCorp boosted their price target on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.21.

NU Trading Down 7.3 %

Shares of NYSE:NU opened at $12.54 on Friday. The business’s 50-day moving average is $14.32 and its 200 day moving average is $13.34. Nu Holdings Ltd. has a 1 year low of $8.04 and a 1 year high of $16.15. The firm has a market capitalization of $59.76 billion, a P/E ratio of 34.83, a P/E/G ratio of 0.66 and a beta of 1.13. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44.

NU 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.