Employees Retirement System of Texas Takes $1.69 Million Position in Nu Holdings Ltd. $NU

Employees Retirement System of Texas purchased a new stake in Nu Holdings Ltd. (NYSE:NU) in the 4th quarter, HoldingsChannel reports. The firm purchased 101,130 shares of the company’s stock, valued at approximately $1,693,000.

Other large investors have also made changes to their positions in the company. Maxi Investments CY Ltd grew its stake in shares of NU by 85.5% in the 4th quarter. Maxi Investments CY Ltd now owns 783,000 shares of the company’s stock valued at $13,107,000 after buying an additional 361,000 shares in the last quarter. C WorldWide Group Holding A S grew its stake in shares of NU by 1,045.3% in the 4th quarter. C WorldWide Group Holding A S now owns 311,792 shares of the company’s stock valued at $5,219,000 after buying an additional 284,569 shares in the last quarter. Washington University boosted its position in NU by 1.5% during the third quarter. Washington University now owns 10,566,927 shares of the company’s stock worth $169,177,000 after purchasing an additional 158,731 shares during the period. Mawer Investment Management Ltd. bought a new stake in NU during the third quarter worth approximately $10,829,000. Finally, Vanguard Group Inc. boosted its position in NU by 4.4% during the fourth quarter. Vanguard Group Inc. now owns 24,814,878 shares of the company’s stock worth $415,401,000 after purchasing an additional 1,037,438 shares during the period. Institutional investors own 84.02% of the company’s stock.

NU Stock Up 0.5%

NU opened at $13.05 on Thursday. The business has a 50 day moving average of $14.04 and a 200-day moving average of $15.70. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $63.34 billion, a price-to-earnings ratio of 20.07, a P/E/G ratio of 0.52 and a beta of 1.01. Nu Holdings Ltd. has a 1-year low of $11.71 and a 1-year high of $18.98.

NU (NYSE:NU) last issued its earnings results on Friday, May 15th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The firm had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.06 billion. NU had a net margin of 18.20% and a return on equity of 30.91%. As a group, sell-side analysts anticipate that Nu Holdings Ltd. will post 0.84 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Weiss Ratings cut NU from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 13th. Itau BBA Securities reissued an “outperform” rating on shares of NU in a research report on Tuesday, March 17th. UBS Group reduced their price objective on NU from $18.10 to $16.90 and set a “buy” rating for the company in a research report on Wednesday, May 20th. Zacks Research cut NU from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Finally, Bank of America reissued a “neutral” rating on shares of NU in a research report on Monday, March 9th. Eleven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, NU has a consensus rating of “Moderate Buy” and an average target price of $18.39.

Insiders Place Their Bets

In related news, Director Anita M. Sands sold 21,000 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $12.24, for a total value of $257,040.00. Following the completion of the transaction, the director directly owned 162,150 shares in the company, valued at approximately $1,984,716. This represents a 11.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the company’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $14.81, for a total value of $4,443,000.00. Following the completion of the transaction, the chief executive officer owned 2,312,338 shares of the company’s stock, valued at $34,245,725.78. The trade was a 11.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.20% of the company’s stock.

About NU

Nu Holdings Ltd (NYSE: NU), commonly known by its consumer brand Nubank, is a Latin American financial technology company that provides digital banking and financial services through a mobile-first platform. The company’s core offerings include no-fee digital checking accounts, credit cards, personal loans, payments and transfers, and a range of savings and investment products. Nubank emphasizes a streamlined customer experience delivered via its smartphone app, combined with data-driven underwriting and automated customer service tools.

Founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nu grew rapidly by targeting underbanked and digitally savvy consumers in Latin America with low-fee, transparent products.