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

Sit Investment Associates Inc. increased its holdings in Nu Holdings Ltd. (NYSE:NU) by 186.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 277,266 shares of the company’s stock after acquiring 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.

Other institutional investors and hedge funds also recently made changes to their positions in the company. LRI Investments LLC grew its stake in shares of NU by 3.1% in the 3rd quarter. LRI Investments LLC now owns 24,983 shares of the company’s stock worth $341,000 after acquiring an additional 743 shares in the last quarter. OneAscent Wealth Management LLC lifted its position in shares of NU by 6.5% during the fourth quarter. OneAscent Wealth Management LLC now owns 12,481 shares of the company’s stock valued at $129,000 after purchasing an additional 760 shares in the last quarter. Coldstream Capital Management Inc. boosted its holdings in NU by 3.1% during the third quarter. Coldstream Capital Management Inc. now owns 26,517 shares of the company’s stock worth $362,000 after purchasing an additional 801 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in NU by 1.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 69,110 shares of the company’s stock worth $716,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Arkfeld Wealth Strategies L.L.C. increased its stake in NU by 2.0% in the 4th quarter. Arkfeld Wealth Strategies L.L.C. now owns 52,245 shares of the company’s stock valued at $579,000 after buying an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Trading Down 6.8 %

Shares of NU opened at $9.57 on Monday. Nu Holdings Ltd. has a fifty-two week low of $8.90 and a fifty-two week high of $16.15. The business has a 50-day moving average of $11.87 and a 200 day moving average of $12.59. The firm has a market cap of $45.61 billion, a P/E ratio of 23.93, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44.

NU (NYSE:NU) last posted its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, hitting the consensus estimate of $0.12. The firm had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.17 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. As a group, research analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on NU shares. JPMorgan Chase & Co. reduced their target price on NU from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Monday, February 24th. Barclays decreased their target price on NU from $17.00 to $15.00 and set an “overweight” rating for the company in a research report on Monday, February 24th. Finally, UBS Group cut their price target on shares of NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, NU has an average rating of “Hold” and an average 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.