1858 Wealth Management LLC Acquires New Holdings in Nu Holdings Ltd. (NYSE:NU)

In the recent fourth quarter, 1858 Wealth Management LLC established a new stake in Nu Holdings Ltd. (NYSE:NU), as detailed in their latest Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 20,190 shares of Nu's stock, with a total value of around $209,000.

Other institutional investors and hedge funds have also been active in the market regarding Nu's shares. For instance, LRI Investments LLC increased its stake in the company by 3.1% during the third quarter, now owning 24,983 shares valued at $341,000 after acquiring an additional 743 shares. Similarly, Coldstream Capital Management Inc. raised its holdings in Nu by 3.1%, reaching 26,517 shares valued at $362,000 after purchasing an extra 801 shares during the same period. Marcum Wealth LLC also grew its position by 2.5% during the third quarter; it now holds 37,221 shares worth $508,000 following an acquisition of 903 additional shares.

Wealth Enhancement Advisory Services LLC expanded its share count in Nu by 1.5% in the fourth quarter, currently holding 69,110 shares valued at $716,000 after an additional purchase of 1,000 shares. Lastly, Arkfeld Wealth Strategies L.L.C. raised their stake by 2.0%, acquiring 1,000 additional shares, bringing its total to 52,245 shares valued at approximately $579,000. Overall, institutional investors now own about 84.02% of Nu Holdings Ltd.'s stock.

Market Performance

As for the trading performance of Nu Holdings Ltd., shares opened at $13.30. The company’s current ratio stands at 0.44, with a quick ratio also at 0.44, and a debt-to-equity ratio of 0.20. The stock has seen fluctuations, hitting a low of $9.09 and a high of $16.15 over the past year. Its fifty-day simple moving average is $11.61, while the 200-day simple moving average is $13.12. Presently, Nu Holdings has a market capitalization of $63.36 billion, a PE ratio of 36.93, a price-to-earnings-growth ratio of 0.47, and a beta of 1.10.

Analyst Ratings

Analysts have varied responses regarding Nu Holdings. In a report on November 14th, the Goldman Sachs Group raised their target price on the shares from $17.00 to $19.00, while assigning a "buy" rating. Conversely, Itau BBA Securities adjusted their rating from "outperform" to "market perform" on the same day. KeyCorp increased their price target on the stock from $15.00 to $17.00 and assigned an "overweight" rating. Susquehanna noted an increase in their target price from $16.00 to $18.00, while Citigroup lowered their rating from "neutral" to "sell", reducing their target price from $14.60 to $11.00. Currently, one analyst rates the stock as a sell, four analysts suggest holding, and five favor buying the shares. MarketBeat data indicates a consensus rating for Nu Holdings of "Hold" with an average price target of $15.63.

Company Overview

Nu Holdings Ltd. operates as a holding company that specializes in digital banking services. Founded on February 26, 2016, by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible, the company is headquartered in George Town, Cayman Islands.

How to Approach Investing in Nu Holdings

Before making an investment decision regarding Nu Holdings, it is advisable to have a thorough understanding of the company's performance and analyst sentiments, recognizing that while there may be promising opportunities, alternative stocks may prove to be of greater value according to top analysts.

investment, shares, analysis