TriaGen Wealth Management LLC Decreases Stock Holdings in Nu Holdings Ltd. (NYSE:NU)

TriaGen Wealth Management LLC cut its stake in Nu Holdings Ltd. (NYSE:NU) by 58.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 11,000 shares of the company’s stock after selling 15,243 shares during the quarter. TriaGen Wealth Management LLC’s holdings in NU were worth $114,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Massmutual Trust Co. FSB ADV grew its holdings in NU by 287.9% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock valued at $26,000 after buying an additional 1,422 shares in the last quarter. Piscataqua Savings Bank grew its holdings in shares of NU by 500.0% in the fourth quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock valued at $31,000 after purchasing an additional 2,500 shares during the period. Carolina Wealth Advisors LLC purchased a new position in NU during the third quarter worth about $44,000. Toth Financial Advisory Corp acquired a new position in NU in the 3rd quarter valued at about $55,000. Finally, GAMMA Investing LLC grew its stake in shares of NU by 81.9% in the 3rd quarter. GAMMA Investing LLC now owns 4,119 shares of the company’s stock valued at $56,000 after buying an additional 1,855 shares during the period. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Price Performance

NU stock opened at $13.24 on Friday. 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 $8.58 and a 52-week high of $16.15. The firm has a market cap of $63.08 billion, a PE ratio of 36.76, a price-to-earnings-growth ratio of 0.45 and a beta of 1.05. The company’s 50 day moving average is $11.64 and its two-hundred day moving average is $13.12.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Susquehanna upped their price objective on NU from $16.00 to $18.00 and gave the company a “positive” rating in a report on Thursday, November 14th. Itau BBA Securities downgraded NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. The Goldman Sachs Group upped their target price on shares of NU from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Citigroup downgraded shares of NU from a “neutral” rating to a “sell” rating and reduced their price target for the company from $14.60 to $11.00 in a research note on Monday, December 2nd. Finally, KeyCorp increased their price objective on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. One research 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.com, the company has a consensus rating of “Hold” and a consensus target price of $15.63.

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.