Sumitomo Mitsui DS Asset Management Company Ltd Has $1.44 Million Stock Holdings in Nu Holdings Ltd. (NYSE:NU)

Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Nu Holdings Ltd. (NYSE:NU) by 6.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 138,996 shares of the company’s stock after buying 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 Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of NU. Tectonic Advisors LLC bought a new position in shares of NU during the fourth quarter worth approximately $111,000. Mirae Asset Global Investments Co. Ltd. increased its position in NU by 40.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 611,342 shares of the company’s stock worth $6,334,000 after buying an additional 175,579 shares during the period. Paragon Capital Management Inc. acquired a new stake in shares of NU during the fourth quarter worth $1,052,000. 1858 Wealth Management LLC bought a new stake in shares of NU in the fourth quarter valued at about $209,000. Finally, Redwood Wealth Management Group LLC acquired a new position in shares of NU in the fourth quarter valued at about $582,000. 84.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

NU has been the subject of a number of recent research reports. The Goldman Sachs Group boosted their price objective on shares of NU from $17.00 to $19.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Itau BBA Securities downgraded NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. KeyCorp lifted their price objective on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Citigroup lowered NU from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $14.60 to $11.00 in a report on Monday, December 2nd. Finally, Susquehanna boosted their price target on NU from $16.00 to $18.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, NU has an average rating of “Hold” and an average price target of $15.63.

NU Price Performance

Shares of NU opened at $13.92 on Wednesday. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. The stock has a market cap of $66.36 billion, a PE ratio of 38.68, a PEG ratio of 0.49 and a beta of 1.10. Nu Holdings Ltd. has a 12-month low of $9.54 and a 12-month high of $16.15. The business has a 50-day simple moving average of $11.72 and a two-hundred day simple moving average of $13.16.

About NU

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.