Warther Private Wealth LLC Raises Stake in Nu Holdings Ltd. (NYSE:NU)

Warther Private Wealth LLC grew its holdings in Nu Holdings Ltd. (NYSE:NU) by 69.9% in the 4th quarter, Holdings Channel reports. The fund owned 1,456,594 shares of the company’s stock after purchasing an additional 599,250 shares during the quarter. NU comprises 5.1% of Warther Private Wealth LLC’s portfolio, making the stock its 7th biggest holding. Warther Private Wealth LLC’s holdings in NU were worth $15,090,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cetera Investment Advisers raised its stake in NU by 20.6% during the 2nd quarter. Cetera Investment Advisers now owns 134,715 shares of the company’s stock valued at $1,736,000 after purchasing an additional 22,996 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of NU during the 2nd quarter worth about $656,000. GAMMA Investing LLC raised its position in shares of NU by 81.9% during the third quarter. GAMMA Investing LLC now owns 4,119 shares of the company’s stock valued at $56,000 after buying an additional 1,855 shares during the last quarter. CHICAGO TRUST Co NA bought a new stake in shares of NU in the third quarter valued at about $137,000. Finally, Creative Planning grew its position in NU by 102.0% during the third quarter. Creative Planning now owns 845,637 shares of the company’s stock worth $11,543,000 after buying an additional 427,013 shares in the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Price Performance

NU stock opened at $13.92 on Wednesday. The business’s fifty day moving average is $11.72 and its two-hundred day moving average is $13.16. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. The firm has a market cap of $66.36 billion, a P/E ratio of 38.68, a P/E/G ratio of 0.49 and a beta of 1.10. Nu Holdings Ltd. has a 52 week low of $9.54 and a 52 week high of $16.15.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. The Goldman Sachs Group raised their price objective on NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Susquehanna raised 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. KeyCorp lifted their price target on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Itau BBA Securities cut shares of NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. Finally, Citigroup lowered shares of NU from a “neutral” rating to a “sell” rating and decreased their target price for the company from $14.60 to $11.00 in a research report on Monday, December 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $15.63.

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.