Sumitomo Mitsui DS Asset Management Company Ltd Has $2.25 Million Stock Holdings in Nu Holdings Ltd. $NU

Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Nu Holdings Ltd. (NYSE:NU) by 4.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 164,128 shares of the company’s stock after acquiring an additional 7,605 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in NU were worth $2,252,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. NBC Securities Inc. raised its holdings in shares of NU by 286,000.0% during the 1st quarter. NBC Securities Inc. now owns 2,861 shares of the company’s stock worth $29,000 after buying an additional 2,860 shares in the last quarter. Capital Analysts LLC acquired a new position in shares of NU during the 1st quarter worth $31,000. TFC Financial Management Inc. raised its holdings in shares of NU by 74.1% during the 1st quarter. TFC Financial Management Inc. now owns 3,114 shares of the company’s stock worth $32,000 after buying an additional 1,325 shares in the last quarter. Banque Transatlantique SA acquired a new position in shares of NU during the 1st quarter worth $34,000. Finally, WPG Advisers LLC acquired a new position in shares of NU during the 1st quarter worth $38,000. 84.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Susquehanna upped their target price on NU from $15.00 to $17.00 and gave the stock a “positive” rating in a report on Wednesday, August 27th. Bradesco Corretora raised NU to an “outperform” rating and set a $17.00 target price for the company in a report on Monday, August 25th. Citigroup raised NU from a “sell” rating to a “buy” rating and upped their target price for the stock from $9.00 to $18.00 in a report on Wednesday, August 20th. Bank of America upped their target price on NU from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, August 25th. Finally, UBS Group upped their target price on NU from $14.30 to $15.60 and gave the stock a “neutral” rating in a report on Tuesday, September 2nd. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $17.06.

NU Stock Performance

Shares of NU opened at $16.20 on Monday. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $78.06 billion, a price-to-earnings ratio of 35.22, a PEG ratio of 0.84 and a beta of 1.07. The stock has a 50 day moving average of $13.77 and a 200 day moving average of $12.56. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $16.35.

NU (NYSE:NU) last announced its quarterly earnings data on Thursday, August 14th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. NU had a return on equity of 29.91% and a net margin of 17.90%.The business had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same period in the prior year, the company earned $0.12 earnings per share. As a group, sell-side analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

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.