Kolinsky Wealth Management LLC Purchases Shares of 21,087 Nu Holdings Ltd. (NYSE:NU)

Kolinsky Wealth Management LLC purchased a new stake in shares of Nu Holdings Ltd. (NYSE:NU) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 21,087 shares of the company’s stock, valued at approximately $288,000.

Several other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in NU by 56.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock valued at $29,000 after purchasing an additional 815 shares during the last quarter. Marcum Wealth LLC boosted its stake in shares of NU by 2.5% in the third quarter. Marcum Wealth LLC now owns 37,221 shares of the company’s stock worth $508,000 after buying an additional 903 shares during the last quarter. Fortis Capital Management LLC boosted its stake in shares of NU by 6.6% in the second quarter. Fortis Capital Management LLC now owns 17,330 shares of the company’s stock worth $223,000 after buying an additional 1,072 shares during the last quarter. Americana Partners LLC boosted its stake in shares of NU by 7.8% in the second quarter. Americana Partners LLC now owns 15,449 shares of the company’s stock worth $199,000 after buying an additional 1,115 shares during the last quarter. Finally, OneDigital Investment Advisors LLC boosted its stake in shares of NU by 4.9% in the third quarter. OneDigital Investment Advisors LLC now owns 26,477 shares of the company’s stock worth $361,000 after buying an additional 1,248 shares during the last quarter. Hedge funds and other institutional investors own 80.90% of the company’s stock.

Analysts Set New Price Targets

NU has been the topic of a number of recent research reports. Itau BBA Securities downgraded NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. KeyCorp upped their target price on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. The Goldman Sachs Group upped their target price on NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. UBS Group downgraded NU from a “buy” rating to a “neutral” rating and set a $13.50 price target on the stock. in a research report on Friday, August 2nd. Finally, JPMorgan Chase & Co. increased their price target on NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, NU currently has an average rating of “Moderate Buy” and a consensus price target of $16.21.

NU Price Performance

Shares of NU stock opened at $12.54 on Friday. The business has a 50 day simple moving average of $14.32 and a two-hundred day simple moving average of $13.34. Nu Holdings Ltd. has a 12 month low of $8.04 and a 12 month high of $16.15. The stock has a market capitalization of $59.76 billion, a P/E ratio of 34.83, a PEG ratio of 0.66 and a beta of 1.13. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44.

About NU

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.