SteelPeak Wealth LLC Buys Shares of 10,132 Nu Holdings Ltd. (NYSE:NU)

SteelPeak Wealth LLC purchased a new position in shares of Nu Holdings Ltd. (NYSE:NU) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 10,132 shares of the company’s stock, valued at approximately $105,000.

Other large investors have also made changes to their positions in the company. Perigon Wealth Management LLC increased its stake in shares of NU by 9.9% in the fourth quarter. Perigon Wealth Management LLC now owns 13,505 shares of the company’s stock valued at $152,000 after buying an additional 1,216 shares during the period. Piscataqua Savings Bank increased its position in NU by 500.0% in the 4th quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock valued at $31,000 after acquiring an additional 2,500 shares during the period. KBC Group NV raised its stake in shares of NU by 314.8% during the fourth quarter. KBC Group NV now owns 633,708 shares of the company’s stock valued at $6,565,000 after acquiring an additional 480,922 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of NU by 35.0% during the fourth quarter. Blue Trust Inc. now owns 28,037 shares of the company’s stock worth $290,000 after purchasing an additional 7,264 shares during the period. Finally, PFG Investments LLC grew its stake in shares of NU by 12.0% in the fourth quarter. PFG Investments LLC now owns 36,990 shares of the company’s stock worth $383,000 after purchasing an additional 3,961 shares during the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Stock Performance

NYSE:NU opened at $13.24 on Friday. 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 Holdings Ltd. has a twelve month low of $8.58 and a twelve month high of $16.15. The company has a fifty day moving average of $11.64 and a 200-day moving average of $13.12. The firm has a market capitalization of $63.08 billion, a P/E ratio of 36.76, a P/E/G ratio of 0.45 and a beta of 1.05.

Wall Street Analyst Weigh In

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