Nu Holdings Ltd. (NYSE:NU) Position Boosted by Sit Investment Associates Inc.

Sit Investment Associates Inc. boosted its position in Nu Holdings Ltd. (NYSE:NU - Free Report) by 186.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 277,266 shares of the company's stock after acquiring 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 filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Piscataqua Savings Bank lifted its holdings in shares of NU by 500.0% during the 4th quarter. Piscataqua Savings Bank now owns 3,000 shares of the company's stock valued at $31,000 after acquiring an additional 2,500 shares in the last quarter. Campbell Capital Management Inc. purchased a new stake in shares of NU in the fourth quarter worth about $52,000. Whipplewood Advisors LLC acquired a new stake in shares of NU in the fourth quarter valued at about $62,000. Ethos Financial Group LLC purchased a new stake in shares of NU during the 4th quarter valued at about $82,000. Finally, Berbice Capital Management LLC acquired a new position in NU during the 4th quarter worth approximately $93,000. Hedge funds and other institutional investors own 84.02% of the company's stock.

NU Stock Up 2.9 %

NYSE NU traded up $0.29 on Friday, hitting $10.54. 55,374,309 shares of the stock traded hands, compared to its average volume of 39,772,385. The company has a market capitalization of $50.25 billion, a P/E ratio of 26.36, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. The stock has a 50-day moving average of $11.50 and a 200 day moving average of $12.40. The company has a current ratio of 0.44, a quick 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.

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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, hitting the consensus estimate 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 for the quarter, compared to analysts' expectations of $3.17 billion. As a group, analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. UBS Group dropped 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. JPMorgan Chase & Co. raised 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. Finally, Barclays reduced their price target on NU from $17.00 to $15.00 and set an "overweight" rating for the company in a report on Monday, February 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $15.36.

NU Company 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.