Sit Investment Associates Inc. Has $2.87 Million Stake in Nu Holdings Ltd. (NYSE:NU)

Sit Investment Associates Inc. boosted its position in Nu Holdings Ltd. (NYSE:NU) by 186.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 277,266 shares of the company’s stock after purchasing an additional 180,591 shares during the period. Sit Investment Associates Inc.’s holdings in NU were worth $2,872,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of NU during the fourth quarter worth $447,762,000. State Street Corp lifted its holdings in NU by 105.9% during the 3rd quarter. State Street Corp now owns 78,865,138 shares of the company’s stock worth $1,076,509,000 after buying an additional 40,560,986 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in NU by 2,193.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 18,109,184 shares of the company’s stock worth $187,611,000 after buying an additional 17,319,681 shares during the period. Geode Capital Management LLC increased its stake in shares of NU by 104.3% in the third quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company’s stock valued at $442,935,000 after buying an additional 16,638,397 shares during the period. Finally, Baillie Gifford & Co. raised its position in shares of NU by 7.1% during the fourth quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company’s stock worth $2,330,786,000 after acquiring an additional 14,875,891 shares during the last quarter. 84.02% of the stock is currently owned by institutional investors.

NU Stock Performance

NYSE:NU opened at $9.57 on Monday. The firm has a market capitalization of $45.61 billion, a P/E ratio of 23.93, a P/E/G ratio of 0.48 and a beta of 1.14. Nu Holdings Ltd. has a twelve month low of $8.90 and a twelve month high of $16.15. The company has a fifty day moving average of $11.87 and a 200-day moving average of $12.59. 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 (NYSE:NU) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. The firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.17 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. As a group, sell-side analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Analyst Upgrades and Downgrades

NU has been the topic of several analyst reports. Barclays reduced their target price on NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a report on Monday, February 24th. 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. lowered their target price on shares of NU from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Monday, February 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $15.47.

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.