Sumitomo Mitsui DS Asset Management Company Ltd Invests $102,000 in Nu Holdings Ltd. (NYSE:NU)

Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in Nu Holdings Ltd. (NYSE:NU) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 12,196 shares of the company’s stock, valued at approximately $102,000.

A number of other large investors have also added to or reduced their stakes in the stock. Artisan Partners Limited Partnership increased its holdings in NU by 6.6% in the 3rd quarter. Artisan Partners Limited Partnership now owns 75,703,469 shares of the company’s stock valued at $548,850,000 after buying an additional 4,672,092 shares during the period. Morgan Stanley increased its stake in NU by 7.1% in the third quarter. Morgan Stanley now owns 61,260,423 shares of the company’s stock valued at $444,138,000 after acquiring an additional 4,044,904 shares during the last quarter. Sands Capital Management LLC raised its position in NU by 5.4% during the third quarter. Sands Capital Management LLC now owns 44,228,248 shares of the company’s stock valued at $320,655,000 after purchasing an additional 2,274,819 shares in the last quarter. FMR LLC lifted its stake in NU by 8.4% during the third quarter. FMR LLC now owns 26,949,489 shares of the company’s stock worth $195,384,000 after purchasing an additional 2,088,585 shares during the last quarter. Finally, Jennison Associates LLC boosted its holdings in shares of NU by 30.5% in the 3rd quarter. Jennison Associates LLC now owns 25,228,883 shares of the company’s stock valued at $182,909,000 after purchasing an additional 5,892,956 shares in the last quarter. Institutional investors and hedge funds own 80.90% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on NU shares. Susquehanna upped their price objective on NU from $11.00 to $12.00 and gave the stock a “positive” rating in a research report on Friday, February 23rd. UBS Group raised their price target on shares of NU from $10.50 to $11.50 and gave the company a “buy” rating in a research note on Monday, January 29th. TheStreet raised shares of NU from a “c+” rating to a “b” rating in a report on Friday, March 8th. Finally, KeyCorp increased their price objective on shares of NU from $12.00 to $13.00 and gave the company an “overweight” rating in a research note on Monday. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, NU has a consensus rating of “Moderate Buy” and a consensus price target of $10.00.

NU Stock Up 0.8 %

NYSE:NU opened at $10.86 on Friday. Nu Holdings Ltd. has a one year low of $4.91 and a one year high of $12.39. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.38 and a quick ratio of 0.31. The company has a market cap of $50.99 billion, a PE ratio of 51.72, a P/E/G ratio of 0.53 and a beta of 1.08. The firm’s 50 day simple moving average is $11.32 and its 200 day simple moving average is $9.50.

NU (NYSE:NU) last released its quarterly earnings results on Thursday, February 22nd. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.01). The business had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.39 billion. NU had a net margin of 12.84% and a return on equity of 20.02%. During the same period in the previous year, the business posted $0.03 EPS. On average, research analysts anticipate that Nu Holdings Ltd. will post 0.39 earnings per share for the current year.

NU Company Profile

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.