Impact Partnership Wealth LLC Buys 8,467 Shares of Nu Holdings Ltd. (NYSE:NU)

Impact Partnership Wealth LLC raised its stake in Nu Holdings Ltd. (NYSE:NU) by 17.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 57,691 shares of the company’s stock after purchasing an additional 8,467 shares during the quarter. Impact Partnership Wealth LLC’s holdings in NU were worth $598,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. LRI Investments LLC lifted its holdings in shares of NU by 3.1% in the 3rd quarter. LRI Investments LLC now owns 24,983 shares of the company’s stock valued at $341,000 after acquiring an additional 743 shares during the last quarter. Coldstream Capital Management Inc. lifted its stake in shares of NU by 3.1% in the 3rd quarter. Coldstream Capital Management Inc. now owns 26,517 shares of the company’s stock valued at $362,000 after purchasing an additional 801 shares during the last quarter. Marcum Wealth LLC boosted its holdings in shares of NU by 2.5% in the 3rd quarter. Marcum Wealth LLC now owns 37,221 shares of the company’s stock worth $508,000 after purchasing an additional 903 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of NU by 1.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 69,110 shares of the company’s stock valued at $716,000 after purchasing an additional 1,000 shares during the last quarter. Finally, OneDigital Investment Advisors LLC raised its holdings in NU by 4.9% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 26,477 shares of the company’s stock valued at $361,000 after buying an additional 1,248 shares during the period. Hedge funds and other institutional investors own 84.02% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on NU shares. Susquehanna lifted their price objective on shares of NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. The Goldman Sachs Group increased their price objective on shares of NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Itau BBA Securities cut NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. Citigroup downgraded NU from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $14.60 to $11.00 in a report on Monday, December 2nd. Finally, KeyCorp upped their price objective on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $15.63.

NU Trading Up 1.6 %

Shares of NYSE NU opened at $12.19 on Friday. Nu Holdings Ltd. has a 1-year low of $8.51 and a 1-year high of $16.15. The business has a fifty day moving average price of $11.75 and a 200 day moving average price of $13.14. The stock has a market capitalization of $58.07 billion, a P/E ratio of 33.85, a price-to-earnings-growth ratio of 0.43 and a beta of 1.05. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44.

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.