Triasima Portfolio Increases Stake in Nu Holdings Ltd.

Triasima Portfolio Management Inc. has increased its investment in Nu Holdings Ltd. (NYSE:NU) by 8.2% during the fourth quarter, according to the latest report filed with the Securities and Exchange Commission. Following this move, the firm now holds a total of 311,979 shares of the company's stock after acquiring an additional 23,755 shares in that quarter. The value of Triasima's holdings in Nu is reported to be approximately $3,232,000.

Changes in Other Institutional Holdings

In addition to Triasima's investment, several other institutional investors and hedge funds have also adjusted their stakes in Nu Holdings. For instance, Piscataqua Savings Bank significantly increased its position by 500% in the fourth quarter, bringing its total shares to 3,000, which are valued at around $31,000 after purchasing an additional 2,500 shares. Similarly, Carolina Wealth Advisors LLC and Toth Financial Advisory Corp made new acquisitions in the third quarter, valued at about $44,000 and $55,000 respectively. GAMMA Investing LLC also raised its stake by 81.9%, now owning 4,119 shares valued at $56,000 after adding 1,855 shares. Huntington National Bank increased its stake by 86.3%, acquiring 2,131 new shares to reach a total of 4,601 shares worth $63,000. Overall, institutional investors and hedge funds collectively own 84.02% of Nu's outstanding shares.

Analyst Ratings and Market Outlook

Wall Street analysts have shared various perspectives on Nu Holdings. The Goldman Sachs Group raised their price target from $17.00 to $19.00, maintaining a "buy" rating for the stock. However, Citigroup downgraded Nu from a "neutral" to a "sell" rating, slashing their target price from $14.60 to $11.00. Meanwhile, Susquehanna increased their target from $16.00 to $18.00, giving it a "positive" rating. Itau BBA Securities moved from an "outperform" to a "market perform" rating. KeyCorp also raised its price target from $15.00 to $17.00 while assigning an "overweight" rating. In total, one analyst has issued a sell rating, four have given a hold rating, and five have assigned a buy rating to Nu Holdings. According to MarketBeat, Nu currently holds an average rating of "Hold" and an average target price of $15.63.

Current Stock Performance

On the trading front, Nu Holdings' share price opened at $13.75 recently. The company's 50-day simple moving average stands at $11.61, while the 200-day average is at $13.12. With a market capitalization of $65.54 billion, Nu has a price-to-earnings ratio of 38.20 and a price-to-earnings-growth ratio of 0.47. The stock's volatility is reflected in its beta of 1.10. Financial metrics indicate a debt-to-equity ratio of 0.20, with both current and quick ratios at 0.44. Over the past year, Nu Holdings has seen its stock reach a low of $9.34 and a high of $16.15.

About Nu Holdings

Nu Holdings Ltd. is a holding company that specializes in digital banking services. Founded in February 2016 by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible, the company's headquarters are located in George Town, Cayman Islands.

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