Sumitomo Mitsui DS Asset Management Company Ltd Purchases 7,860 Shares of Nu Holdings Ltd. (NYSE:NU)

Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Nu Holdings Ltd. (NYSE:NU) by 6.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 138,996 shares of the company’s stock after purchasing an additional 7,860 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in NU were worth $1,440,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. LRI Investments LLC raised its holdings in NU by 3.1% during the 3rd quarter. LRI Investments LLC now owns 24,983 shares of the company’s stock worth $341,000 after buying an additional 743 shares during the period. Coldstream Capital Management Inc. raised its holdings in shares of 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 acquiring an additional 801 shares during the period. Wealth Enhancement Advisory Services LLC lifted 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 valued at $716,000 after acquiring an additional 1,000 shares in the last quarter. Arkfeld Wealth Strategies L.L.C. boosted 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 worth $579,000 after purchasing an additional 1,000 shares during the period. Finally, Perigon Wealth Management LLC increased its holdings in NU by 9.9% during the 4th quarter. Perigon Wealth Management LLC now owns 13,505 shares of the company’s stock worth $152,000 after purchasing an additional 1,216 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors and hedge funds.

NU Stock Down 0.2 %

NU stock opened at $13.92 on Wednesday. Nu Holdings Ltd. has a fifty-two week low of $9.54 and a fifty-two week high of $16.15. The firm has a market capitalization of $66.36 billion, a PE ratio of 38.68, a P/E/G ratio of 0.49 and a beta of 1.10. The company’s 50-day moving average is $11.72 and its 200-day moving average is $13.16. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44.

Analysts Set New Price Targets

Several research analysts have recently weighed in on NU shares. Itau BBA Securities cut NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. The Goldman Sachs Group upped their price target on NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Susquehanna boosted their price objective on shares of NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th. KeyCorp raised their target price on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Finally, Citigroup cut shares of NU from a “neutral” rating to a “sell” rating and cut their price target for the stock from $14.60 to $11.00 in a research report on Monday, December 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, NU has a consensus rating of “Hold” and an average price target of $15.63.

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.