Triumph Capital Management Boosts Holdings in Nu Holdings Ltd. (NYSE:NU)

Triumph Capital Management lifted its stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 107.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,119 shares of the company's stock after acquiring an additional 21,280 shares during the period. Triumph Capital Management's holdings in NU were worth $426,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Piscataqua Savings Bank lifted its position in NU by 500.0% during the 4th quarter. Piscataqua Savings Bank now owns 3,000 shares of the company's stock worth $31,000 after acquiring an additional 2,500 shares in the last quarter. TD Waterhouse Canada Inc. raised its stake in shares of NU by 190.8% during the fourth quarter. TD Waterhouse Canada Inc. now owns 4,900 shares of the company's stock valued at $51,000 after purchasing an additional 3,215 shares during the period. Campbell Capital Management Inc. acquired a new position in shares of NU during the fourth quarter worth $52,000. Whipplewood Advisors LLC purchased a new position in shares of NU in the fourth quarter valued at $62,000. Finally, Ethos Financial Group LLC purchased a new position in shares of NU in the fourth quarter valued at $82,000. 84.02% of the stock is owned by institutional investors and hedge funds.

NU Stock Performance

NYSE NU opened at $12.43 on Thursday. The stock has a market cap of $59.90 billion, a P/E ratio of 31.08, a PEG ratio of 0.48 and a beta of 1.14. 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 twelve month low of $9.01 and a twelve month high of $16.15. The company's 50-day simple moving average is $10.97 and its 200 day simple moving average is $12.23.

NU (NYSE:NU - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, meeting analysts' consensus estimates 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 analysts' expectations of $3.17 billion. As a group, research analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on NU. Barclays upped their target price on NU from $15.00 to $16.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. UBS Group reduced their price objective on shares of NU from $15.50 to $15.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. raised shares of NU from a "neutral" rating to an "overweight" rating and dropped their target price for the stock from $14.00 to $13.00 in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $15.47.

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.

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