California Public Employees Retirement System Decreases Stake in Nu Holdings Ltd. (NYSE:NU)

California Public Employees Retirement System cut its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 6.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,157,851 shares of the company’s stock after selling 332,509 shares during the quarter. California Public Employees Retirement System’s holdings in NU were worth $53,435,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of NU. The Manufacturers Life Insurance Company boosted its holdings in NU by 94.1% in the third quarter. The Manufacturers Life Insurance Company now owns 609,709 shares of the company’s stock worth $8,323,000 after purchasing an additional 295,520 shares during the last quarter. Townsquare Capital LLC bought a new position in shares of NU during the 3rd quarter valued at $197,000. Erste Asset Management GmbH purchased a new position in shares of NU in the 3rd quarter worth $1,387,000. Benjamin Edwards Inc. bought a new stake in shares of NU in the third quarter worth $171,000. Finally, Centiva Capital LP purchased a new stake in NU during the third quarter valued at $568,000. 84.02% of the stock is currently owned by institutional investors.

NU Stock Up 2.0 %

Shares of NU stock opened at $10.45 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. Nu Holdings Ltd. has a one year low of $9.67 and a one year high of $16.15. The company’s fifty day moving average price is $11.99 and its 200-day moving average price is $12.69. The company has a market capitalization of $49.78 billion, a price-to-earnings ratio of 26.11, a PEG ratio of 0.48 and a beta of 1.14.

NU (NYSE:NU) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.12 EPS for the quarter, meeting the consensus estimate of $0.12. NU had a return on equity of 30.99% and a net margin of 17.12%. The business had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.17 billion. Sell-side analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on NU shares. Barclays cut their price target on NU from $17.00 to $15.00 and set an “overweight” rating for the company in a research note on Monday, February 24th. JPMorgan Chase & Co. cut their target price on shares of NU from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Monday, February 24th. Finally, UBS Group decreased their price target on shares of NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $15.47.

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.