MBM Wealth Consultants LLC Makes New $486,000 Investment in Nu Holdings Ltd. (NYSE:NU)

MBM Wealth Consultants LLC bought a new stake in Nu Holdings Ltd. (NYSE:NU) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 45,728 shares of the company’s stock, valued at approximately $486,000.

Several other large investors have also made changes to their positions in the company. LRI Investments LLC boosted its position in NU by 3.1% in the third quarter. LRI Investments LLC now owns 24,983 shares of the company’s stock valued at $341,000 after buying an additional 743 shares in the last quarter. Coldstream Capital Management Inc. raised its stake 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 last quarter. Marcum Wealth LLC boosted its holdings in shares of NU by 2.5% in the 3rd quarter. Marcum Wealth LLC now owns 37,221 shares of the company’s stock worth $508,000 after acquiring an additional 903 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in NU by 1.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 69,110 shares of the company’s stock valued at $716,000 after purchasing an additional 1,000 shares in the last quarter. Finally, OneDigital Investment Advisors LLC increased its holdings in NU by 4.9% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 26,477 shares of the company’s stock valued at $361,000 after purchasing an additional 1,248 shares in the last quarter. Institutional investors own 84.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on NU. Citigroup cut NU from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $14.60 to $11.00 in a report on Monday, December 2nd. Itau BBA Securities downgraded shares of NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. KeyCorp increased their price target on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. The Goldman Sachs Group boosted their price objective on shares of NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Finally, Susquehanna lifted their target price on NU from $16.00 to $18.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $15.63.

NU Trading Down 0.2 %

NYSE NU opened at $11.51 on Wednesday. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. Nu Holdings Ltd. has a 12 month low of $8.51 and a 12 month high of $16.15. The company has a market capitalization of $54.83 billion, a PE ratio of 31.96, a P/E/G ratio of 0.41 and a beta of 1.05. The stock has a 50-day simple moving average of $11.88 and a 200 day simple moving average of $13.16.

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.