Nu Holdings Ltd. (NYSE:NU) Shares Bought by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. grew its stake in Nu Holdings Ltd. (NYSE:NU) by 8.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 311,979 shares of the company’s stock after buying an additional 23,755 shares during the quarter. Triasima Portfolio Management inc.’s holdings in NU were worth $3,232,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of NU. Piscataqua Savings Bank increased its stake in shares of 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 in the last quarter. Carolina Wealth Advisors LLC purchased a new stake in shares of NU in the third quarter valued at approximately $44,000. Toth Financial Advisory Corp purchased a new stake in shares of NU in the third quarter valued at approximately $55,000. GAMMA Investing LLC lifted its holdings in NU by 81.9% in the third quarter. GAMMA Investing LLC now owns 4,119 shares of the company’s stock valued at $56,000 after acquiring an additional 1,855 shares during the last quarter. Finally, Huntington National Bank lifted its holdings in NU by 86.3% in the third quarter. Huntington National Bank now owns 4,601 shares of the company’s stock valued at $63,000 after acquiring an additional 2,131 shares during the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on NU shares. The Goldman Sachs Group upped their price target on NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Citigroup cut NU from a “neutral” rating to a “sell” rating and cut their target price for the stock from $14.60 to $11.00 in a research report on Monday, December 2nd. Susquehanna lifted their target price on NU from $16.00 to $18.00 and gave the stock a “positive” 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 report on Thursday, November 14th. Finally, KeyCorp lifted their price objective on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a 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 given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $15.63.

NU Price Performance

Shares of NYSE:NU opened at $13.75 on Friday. The business’s 50 day simple moving average is $11.61 and its 200-day simple moving average is $13.12. The firm has a market capitalization of $65.54 billion, a price-to-earnings ratio of 38.20, a price-to-earnings-growth ratio of 0.47 and a beta of 1.10. 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 Holdings Ltd. has a 12 month low of $9.34 and a 12 month high of $16.15.

About NU

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.