SteelPeak Wealth LLC Takes Position in Nu Holdings Ltd. (NYSE:NU)

SteelPeak Wealth LLC bought a new position in shares of Nu Holdings Ltd. (NYSE:NU) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 10,132 shares of the company’s stock, valued at approximately $105,000.

Several other large investors have also recently bought and sold shares of NU. Massmutual Trust Co. FSB ADV increased its stake in shares of NU by 287.9% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock worth $26,000 after purchasing an additional 1,422 shares during the last quarter. Piscataqua Savings Bank increased its position in NU by 500.0% during 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 during the last quarter. Carolina Wealth Advisors LLC bought a new stake in NU in the third quarter valued at approximately $44,000. Toth Financial Advisory Corp acquired a new stake in shares of NU in the third quarter valued at approximately $55,000. Finally, 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 worth $56,000 after acquiring an additional 1,855 shares during the period. 84.02% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

NU Stock Down 1.5 %

NYSE NU opened at $13.24 on Friday. The company has a market cap of $63.08 billion, a price-to-earnings ratio of 36.76, a PEG ratio of 0.45 and a beta of 1.05. Nu Holdings Ltd. has a 1-year low of $8.58 and a 1-year high of $16.15. 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 50 day moving average of $11.64 and a 200-day moving average of $13.12.

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.