SVB Wealth LLC Takes $1.84 Million Position in Nu Holdings Ltd. (NYSE:NU)

SVB Wealth LLC bought a new position in Nu Holdings Ltd. (NYSE:NU - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 177,349 shares of the company's stock, valued at approximately $1,837,000.

A number of other large investors also recently added to or reduced their stakes in the business. LRI Investments LLC increased its stake in shares of NU by 3.1% in the third quarter. LRI Investments LLC now owns 24,983 shares of the company's stock worth $341,000 after buying an additional 743 shares during the period. Coldstream Capital Management Inc. increased its position in shares of NU by 3.1% in the third quarter. Coldstream Capital Management Inc. now owns 26,517 shares of the company's stock valued at $362,000 after acquiring an additional 801 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of NU by 1.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 69,110 shares of the company's stock valued at $716,000 after acquiring an additional 1,000 shares during the last quarter. Arkfeld Wealth Strategies L.L.C. boosted its holdings in shares of NU by 2.0% during the fourth quarter. Arkfeld Wealth Strategies L.L.C. now owns 52,245 shares of the company's stock worth $579,000 after purchasing an additional 1,000 shares during the period. Finally, Blue Trust Inc. grew its stake in shares of NU by 4.9% in the fourth quarter. Blue Trust Inc. now owns 21,784 shares of the company's stock worth $226,000 after purchasing an additional 1,011 shares during the last quarter. Hedge funds and other institutional investors own 84.02% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on NU. KeyCorp increased their price objective on NU from $15.00 to $17.00 and gave the stock an "overweight" rating in a report on Thursday, November 14th. Itau BBA Securities lowered NU from an "outperform" rating to a "market perform" rating in a research note on Thursday, November 14th. Susquehanna upped their price objective on shares of NU from $16.00 to $18.00 and gave the stock a "positive" rating in a report on Thursday, November 14th. Citigroup lowered shares of NU from a "neutral" rating to a "sell" rating and cut their target price for the company from $14.60 to $11.00 in a research note on Monday, December 2nd. Finally, UBS Group decreased their price target on shares of NU from $15.50 to $15.00 and set a "neutral" rating for the company in a research note on Tuesday, February 18th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, NU currently has an average rating of "Hold" and an average target price of $15.47.

NU Stock Up 3.6 %

NU stock traded up $0.38 on Wednesday, reaching $10.84. 76,107,817 shares of the company traded hands, compared to its average volume of 48,446,691. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. The firm has a fifty day simple moving average of $11.95 and a 200-day simple moving average of $13.16. Nu Holdings Ltd. has a one year low of $9.67 and a one year high of $16.15. The company has a market cap of $51.64 billion, a P/E ratio of 27.09, a price-to-earnings-growth ratio of 0.48 and a beta of 1.10.

NU (NYSE:NU - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.12. NU had a return on equity of 30.99% and a net margin of 17.12%. The firm had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.17 billion. Research analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

About NU

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.