CIBC Private Wealth Group LLC Purchases 5,438 Shares of Nu Holdings Ltd. (NYSE:NU)

CIBC Private Wealth Group LLC boosted its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 1.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 545,157 shares of the company’s stock after acquiring an additional 5,438 shares during the period. CIBC Private Wealth Group LLC’s holdings in NU were worth $6,073,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. The Manufacturers Life Insurance Company increased its holdings in shares of NU by 94.1% during the third quarter. The Manufacturers Life Insurance Company now owns 609,709 shares of the company’s stock valued at $8,323,000 after acquiring an additional 295,520 shares in the last quarter. Townsquare Capital LLC purchased a new stake in NU during the 3rd quarter valued at about $197,000. Erste Asset Management GmbH bought a new stake in NU during the 3rd quarter valued at about $1,387,000. Benjamin Edwards Inc. bought a new position in shares of NU in the third quarter worth approximately $171,000. Finally, Centiva Capital LP bought a new position in shares of NU in the third quarter worth approximately $568,000. 84.02% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. UBS Group decreased their price objective on shares of NU from $15.50 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, February 18th. Barclays decreased their price target on NU from $17.00 to $15.00 and set an “overweight” rating for the company in a research note on Monday, February 24th. Finally, JPMorgan Chase & Co. dropped their price objective on NU from $15.00 to $14.00 and set a “neutral” rating on the stock in a research report on Monday, February 24th. One equities research 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 company has an average rating of “Hold” and a consensus price target of $15.47.

NU Stock Up 2.0 %

NU stock opened at $10.45 on Wednesday. Nu Holdings Ltd. has a one year low of $9.67 and a one year high of $16.15. The stock has a fifty day moving average of $11.99 and a 200 day moving average of $12.69. 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 stock has a market cap of $49.78 billion, a PE ratio of 26.11, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14.

NU (NYSE:NU) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.12 EPS for the quarter, meeting the consensus estimate of $0.12. The firm had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.17 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. As a group, sell-side analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current 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.