Warther Private Wealth LLC Purchases 599,250 Shares of Nu Holdings Ltd. (NYSE:NU)

Warther Private Wealth LLC increased its position in Nu Holdings Ltd. (NYSE:NU) by 69.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,456,594 shares of the company’s stock after purchasing an additional 599,250 shares during the period. NU comprises about 5.1% of Warther Private Wealth LLC’s investment portfolio, making the stock its 7th biggest holding. Warther Private Wealth LLC’s holdings in NU were worth $15,090,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NU. Cetera Investment Advisers boosted its holdings in shares of NU by 20.6% during the second quarter. Cetera Investment Advisers now owns 134,715 shares of the company’s stock worth $1,736,000 after purchasing an additional 22,996 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of NU during the 2nd quarter valued at $656,000. GAMMA Investing LLC boosted its stake in shares of NU by 81.9% during the 3rd quarter. GAMMA Investing LLC now owns 4,119 shares of the company’s stock valued at $56,000 after buying an additional 1,855 shares during the period. CHICAGO TRUST Co NA acquired a new position in shares of NU in the third quarter worth $137,000. Finally, Creative Planning increased its stake in shares of NU by 102.0% in the third quarter. Creative Planning now owns 845,637 shares of the company’s stock worth $11,543,000 after acquiring an additional 427,013 shares during the last quarter. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

NU Price Performance

Shares of NU stock opened at $13.92 on Wednesday. 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 firm has a fifty day simple moving average of $11.72 and a 200-day simple moving average of $13.16. The stock has a market capitalization of $66.36 billion, a price-to-earnings ratio of 38.68, a PEG ratio of 0.49 and a beta of 1.10. Nu Holdings Ltd. has a 1-year low of $9.54 and a 1-year high of $16.15.

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.