Sit Investment Associates Inc. Boosts Holdings in Nu Holdings Ltd. (NYSE:NU)

Sit Investment Associates Inc. increased its stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 186.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 277,266 shares of the company's stock after purchasing an additional 180,591 shares during the quarter. Sit Investment Associates Inc.'s holdings in NU were worth $2,872,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Townsquare Capital LLC purchased a new position in shares of NU during the 3rd quarter worth approximately $197,000. Benjamin Edwards Inc. acquired a new position in NU during the third quarter worth $171,000. Centiva Capital LP purchased a new position in NU in the third quarter worth $568,000. HighTower Advisors LLC lifted its holdings in NU by 0.3% in the third quarter. HighTower Advisors LLC now owns 943,769 shares of the company's stock valued at $12,872,000 after acquiring an additional 2,419 shares during the period. Finally, IHT Wealth Management LLC acquired a new stake in NU in the third quarter valued at $177,000. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

NU Trading Up 2.9 %

NYSE:NU traded up $0.29 on Friday, reaching $10.54. The stock had a trading volume of 55,374,309 shares, compared to its average volume of 39,772,385. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $16.15. The company has a market cap of $50.25 billion, a price-to-earnings ratio of 26.36, a P/E/G ratio of 0.48 and a beta of 1.14. The firm's fifty day moving average is $11.50 and its two-hundred day moving average is $12.40. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44.

NU (NYSE:NU - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.12. The business had revenue of $2.99 billion for 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%. Equities analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on NU shares. UBS Group decreased their price target on NU from $15.50 to $15.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 18th. JPMorgan Chase & Co. upgraded shares of NU from a "neutral" rating to an "overweight" rating and decreased their price objective for the stock from $14.00 to $13.00 in a research report on Tuesday. Finally, Barclays lowered their price objective on shares of NU from $17.00 to $15.00 and set an "overweight" rating on the stock in a research note on Monday, February 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, NU presently has an average rating of "Moderate Buy" and a consensus price target of $15.36.

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.