Northwest Wealth Management LLC Invests $172,000 in Nu Holdings Ltd. (NYSE:NU)

Northwest Wealth Management LLC purchased a new stake in Nu Holdings Ltd. (NYSE:NU) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 16,637 shares of the company’s stock, valued at approximately $172,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fisher Asset Management LLC acquired a new position in NU in the third quarter valued at about $98,704,000. Thrivent Financial for Lutherans grew its position in shares of NU by 23.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 257,648 shares of the company’s stock valued at $3,517,000 after purchasing an additional 48,445 shares during the period. Adero Partners LLC raised its holdings in NU by 5.7% during the 3rd quarter. Adero Partners LLC now owns 4,819,355 shares of the company’s stock worth $65,784,000 after buying an additional 259,324 shares during the period. Baader Bank Aktiengesellschaft lifted its stake in NU by 19.6% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 355,332 shares of the company’s stock valued at $3,680,000 after buying an additional 58,183 shares in the last quarter. Finally, Summit Partners Public Asset Management LLC boosted its holdings in shares of NU by 20.0% in the third quarter. Summit Partners Public Asset Management LLC now owns 300,000 shares of the company’s stock valued at $4,095,000 after buying an additional 50,000 shares during the period. Institutional investors own 84.02% of the company’s stock.

Wall Street Analysts Forecast Growth

NU has been the topic of several research reports. Citigroup cut shares of NU from a “neutral” rating to a “sell” rating and cut their price objective for the company from $14.60 to $11.00 in a research report on Monday, December 2nd. UBS Group cut their price target on NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. Barclays decreased their price objective on NU from $17.00 to $15.00 and set an “overweight” rating for the company in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. cut their target price on NU from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Monday, February 24th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $15.47.

NU Stock Performance

Shares of NYSE NU opened at $11.75 on Friday. The stock has a market capitalization of $55.98 billion, a PE ratio of 29.36, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. Nu Holdings Ltd. has a 52 week low of $9.67 and a 52 week high of $16.15. The stock has a 50 day moving average price of $12.00 and a 200 day moving average price of $12.98. 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 released its quarterly earnings data on Thursday, February 20th. The company reported $0.12 EPS for the quarter, meeting the consensus estimate of $0.12. The company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.17 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. Analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

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.