Triasima Portfolio Management inc. Decreases Stock Position in Nu Holdings Ltd. $NU

Triasima Portfolio Management inc. trimmed its position in shares of Nu Holdings Ltd. (NYSE:NU) by 38.5% in the 3rd quarter, Holdings Channel reports. The firm owned 156,444 shares of the company’s stock after selling 97,935 shares during the period. Triasima Portfolio Management inc.’s holdings in NU were worth $2,505,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NU. Armstrong Advisory Group Inc. acquired a new position in NU during the second quarter worth about $27,000. Quaker Wealth Management LLC grew its holdings in NU by 212.7% in the 2nd quarter. Quaker Wealth Management LLC now owns 2,300 shares of the company’s stock valued at $32,000 after buying an additional 4,341 shares in the last quarter. ORG Partners LLC raised its holdings in shares of NU by 474.1% during the 2nd quarter. ORG Partners LLC now owns 2,325 shares of the company’s stock worth $32,000 after acquiring an additional 1,920 shares during the period. Allworth Financial LP boosted its position in shares of NU by 166.6% during the 2nd quarter. Allworth Financial LP now owns 2,562 shares of the company’s stock valued at $35,000 after acquiring an additional 1,601 shares during the last quarter. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of NU in the second quarter valued at about $36,000. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Stock Up 0.6%

Shares of NU opened at $16.70 on Tuesday. The company’s 50-day simple moving average is $16.68 and its 200-day simple moving average is $15.25. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.56 and a current ratio of 0.56. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $18.37. The stock has a market capitalization of $80.49 billion, a PE ratio of 32.67, a P/E/G ratio of 0.55 and a beta of 1.08.

NU (NYSE:NU) last announced its earnings results on Thursday, November 13th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.02. The firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $3.96 billion. NU had a net margin of 17.97% and a return on equity of 30.12%. Analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Susquehanna lifted their target price on shares of NU from $17.00 to $19.00 and gave the stock a “positive” rating in a research note on Friday, November 14th. UBS Group lifted their price target on shares of NU from $16.00 to $18.40 and gave the company a “neutral” rating in a research report on Thursday, December 4th. KeyCorp increased their price objective on NU from $15.00 to $19.00 and gave the stock an “overweight” rating in a research report on Friday, November 14th. Zacks Research upgraded NU from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 9th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of NU from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Thursday, November 20th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, NU currently has a consensus rating of “Moderate Buy” and an average price target of $18.04.

NU Company Profile

Nu Holdings Ltd (NYSE: NU), commonly known by its consumer brand Nubank, is a Latin American financial technology company that provides digital banking and financial services through a mobile-first platform. The company’s core offerings include no-fee digital checking accounts, credit cards, personal loans, payments and transfers, and a range of savings and investment products. Nubank emphasizes a streamlined customer experience delivered via its smartphone app, combined with data-driven underwriting and automated customer service tools.

Founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nu grew rapidly by targeting underbanked and digitally savvy consumers in Latin America with low-fee, transparent products.