Kolinsky Wealth Management LLC Sells 5,126 Shares of Nu Holdings Ltd. (NYSE:NU)

Kolinsky Wealth Management LLC lessened its position in Nu Holdings Ltd. (NYSE:NU) by 24.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,961 shares of the company’s stock after selling 5,126 shares during the period. Kolinsky Wealth Management LLC’s holdings in NU were worth $165,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Piscataqua Savings Bank raised 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 purchasing an additional 2,500 shares during the last quarter. TD Waterhouse Canada Inc. increased its stake in shares of NU by 190.8% in the fourth quarter. TD Waterhouse Canada Inc. now owns 4,900 shares of the company’s stock valued at $51,000 after buying an additional 3,215 shares in the last quarter. Campbell Capital Management Inc. bought a new position in shares of NU in the fourth quarter valued at about $52,000. Cliffwater LLC acquired a new position in NU during the 4th quarter worth about $57,000. Finally, Whipplewood Advisors LLC bought a new stake in NU during the 4th quarter worth about $62,000. Institutional investors own 84.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on NU shares. Susquehanna boosted their target price on shares of NU from $14.00 to $15.00 and gave the stock a “positive” rating in a research note on Wednesday, May 14th. JPMorgan Chase & Co. raised shares of NU from a “neutral” rating to an “overweight” rating and lowered their price target for the company from $14.00 to $13.00 in a report on Tuesday, April 8th. Barclays upped their price objective on NU from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Friday, April 25th. Finally, UBS Group lowered their target price 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 equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $15.13.

NU Price Performance

NU opened at $12.01 on Thursday. The company has a fifty day moving average price of $11.54 and a two-hundred day moving average price of $12.02. The firm has a market capitalization of $57.85 billion, a PE ratio of 30.02, a P/E/G ratio of 0.48 and a beta of 1.11. Nu Holdings Ltd. has a 52 week low of $9.01 and a 52 week high of $16.15. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44.

NU (NYSE:NU) last issued its earnings results on Tuesday, May 13th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). The company had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.09 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. During the same quarter last year, the business posted $0.09 EPS. As a group, analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

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.