Portside Wealth Group LLC Invests $121,000 in Nu Holdings Ltd. (NYSE:NU)

Portside Wealth Group LLC acquired a new position in Nu Holdings Ltd. (NYSE:NU) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,689 shares of the company’s stock, valued at approximately $121,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of NU. Janney Montgomery Scott LLC purchased a new stake in shares of NU in the 4th quarter worth $141,000. Mirae Asset Global Investments Co. Ltd. increased its stake in NU by 40.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 611,342 shares of the company’s stock worth $6,334,000 after buying an additional 175,579 shares in the last quarter. Tectonic Advisors LLC purchased a new stake in NU in the 4th quarter worth $111,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in NU by 6.0% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 138,996 shares of the company’s stock worth $1,440,000 after buying an additional 7,860 shares in the last quarter. Finally, Triasima Portfolio Management inc. increased its stake in NU by 8.2% in the 4th quarter. Triasima Portfolio Management inc. now owns 311,979 shares of the company’s stock worth $3,232,000 after buying an additional 23,755 shares in the last quarter. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. UBS Group cut their price target on NU from $15.50 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. Barclays increased their price target on NU from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Friday, April 25th. JPMorgan Chase & Co. upgraded NU from a “neutral” rating to an “overweight” rating and cut their price target for the stock from $14.00 to $13.00 in a research note on Tuesday, April 8th. Finally, Susquehanna increased their price target on NU from $14.00 to $15.00 and gave the stock a “positive” rating in a research note on Wednesday, May 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.13.

NU Trading Up 0.2%

Shares of NU stock opened at $12.14 on Friday. The firm has a market cap of $58.50 billion, a price-to-earnings ratio of 30.35, a PEG ratio of 0.48 and a beta of 1.04. Nu Holdings Ltd. has a twelve month low of $9.01 and a twelve month high of $16.15. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. The business has a 50-day moving average price of $11.74 and a 200-day moving average price of $11.78.

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