Nu Holdings Ltd. $NU Stake Raised by California Public Employees Retirement System

California Public Employees Retirement System lifted its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 9.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 5,761,091 shares of the company’s stock after acquiring an additional 505,419 shares during the period. California Public Employees Retirement System’s holdings in NU were worth $92,235,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Jordan Park Group LLC boosted its position in NU by 129.3% during the 3rd quarter. Jordan Park Group LLC now owns 1,958,842 shares of the company’s stock worth $31,000 after acquiring an additional 1,104,421 shares during the period. Allworth Financial LP increased its holdings in shares of NU by 166.6% during the second quarter. Allworth Financial LP now owns 2,562 shares of the company’s stock valued at $35,000 after purchasing an additional 1,601 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of NU by 63.5% during the second quarter. EverSource Wealth Advisors LLC now owns 3,768 shares of the company’s stock valued at $52,000 after purchasing an additional 1,464 shares during the period. VSM Wealth Advisory LLC raised its stake in shares of NU by 1,000.0% during the third quarter. VSM Wealth Advisory LLC now owns 3,300 shares of the company’s stock valued at $53,000 after purchasing an additional 3,000 shares in the last quarter. Finally, TD Waterhouse Canada Inc. raised its stake in shares of NU by 694.0% during the second quarter. TD Waterhouse Canada Inc. now owns 6,352 shares of the company’s stock valued at $87,000 after purchasing an additional 5,552 shares in the last quarter. 84.02% of the stock is owned by institutional investors.

Analyst Ratings Changes

NU has been the subject of a number of recent analyst reports. UBS Group decreased their target price on shares of NU from $18.40 to $17.20 and set a “neutral” rating for the company in a research report on Wednesday, March 4th. The Goldman Sachs Group restated a “buy” rating and set a $21.00 price target on shares of NU in a research report on Thursday, December 18th. Susquehanna upped their price target on shares of NU from $19.00 to $22.00 and gave the stock a “positive” rating in a research note on Tuesday, January 27th. Weiss Ratings upgraded shares of NU from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 18th. Finally, Bank of America reiterated a “neutral” rating on shares of NU in a research note on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $18.22.

NU Trading Up 2.6%

NU stock opened at $14.25 on Tuesday. The firm has a market cap of $68.64 billion, a price-to-earnings ratio of 24.56, a price-to-earnings-growth ratio of 0.54 and a beta of 1.11. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $18.98. The firm’s 50 day moving average price is $16.64 and its two-hundred day moving average price is $16.23. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.56 and a current ratio of 0.58.

NU (NYSE:NU) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. The company had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.55 billion. NU had a return on equity of 30.68% and a net margin of 18.19%. On average, research analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

NU Profile

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.