Perigon Wealth Management LLC Increases Stake in Nu Holdings Ltd. (NYSE:NU)

Perigon Wealth Management LLC boosted its stake in Nu Holdings Ltd. (NYSE:NU) by 9.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,505 shares of the company’s stock after purchasing an additional 1,216 shares during the period. Perigon Wealth Management LLC’s holdings in NU were worth $152,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. AQR Capital Management LLC boosted its holdings in NU by 19.5% in the second quarter. AQR Capital Management LLC now owns 186,897 shares of the company’s stock worth $2,409,000 after acquiring an additional 30,498 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in NU by 9.7% in the second quarter. The Manufacturers Life Insurance Company now owns 314,189 shares of the company’s stock worth $4,050,000 after acquiring an additional 27,662 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in NU in the second quarter worth $135,000. Truist Financial Corp boosted its holdings in NU by 5.6% in the second quarter. Truist Financial Corp now owns 180,447 shares of the company’s stock worth $2,326,000 after acquiring an additional 9,593 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in NU by 20.6% in the second quarter. Cetera Investment Advisers now owns 134,715 shares of the company’s stock worth $1,736,000 after acquiring an additional 22,996 shares in the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.

NU Stock Performance

Shares of NU stock opened at $13.09 on Tuesday. The firm has a market cap of $62.40 billion, a price-to-earnings ratio of 36.37, a PEG ratio of 0.47 and a beta of 1.10. The company’s 50 day moving average is $11.62 and its 200 day moving average is $13.12. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. Nu Holdings Ltd. has a 52-week low of $9.09 and a 52-week high of $16.15.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Citigroup downgraded NU from a “neutral” rating to a “sell” rating and lowered their price target for the company from $14.60 to $11.00 in a report on Monday, December 2nd. Itau BBA Securities downgraded NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. Susquehanna upped their price target on NU from $16.00 to $18.00 and gave the company a “positive” rating in a report on Thursday, November 14th. The Goldman Sachs Group upped their price target on NU from $17.00 to $19.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, KeyCorp increased their target price 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 assigned a buy rating to the company. According to data from MarketBeat, NU currently 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.