California Public Employees Retirement System Raises Position in Nu Holdings Ltd. (NYSE:NU)

California Public Employees Retirement System raised its stake in Nu Holdings Ltd. (NYSE:NU) by 1.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,356,402 shares of the company’s stock after purchasing an additional 75,146 shares during the quarter. California Public Employees Retirement System owned 0.09% of NU worth $36,289,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Artisan Partners Limited Partnership grew its holdings in shares of NU by 6.6% in the third quarter. Artisan Partners Limited Partnership now owns 75,703,469 shares of the company’s stock valued at $548,850,000 after acquiring an additional 4,672,092 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of NU by 160.9% in the fourth quarter. Jennison Associates LLC now owns 65,813,072 shares of the company’s stock valued at $548,223,000 after acquiring an additional 40,584,189 shares in the last quarter. Morgan Stanley grew its holdings in shares of 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 in the last quarter. Sands Capital Management LLC grew its holdings in shares of NU by 5.4% in the third quarter. Sands Capital Management LLC now owns 44,228,248 shares of the company’s stock valued at $320,655,000 after acquiring an additional 2,274,819 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of NU by 8.4% in the third quarter. FMR LLC now owns 26,949,489 shares of the company’s stock valued at $195,384,000 after acquiring an additional 2,088,585 shares in the last quarter. 80.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NU has been the subject of several research reports. KeyCorp increased their price objective on NU from $12.00 to $13.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. UBS Group increased their price objective on NU from $10.50 to $11.50 and gave the company a “buy” rating in a report on Monday, January 29th. TheStreet raised NU from a “c+” rating to a “b” rating in a report on Friday, March 8th. Finally, Susquehanna increased their price objective on NU from $11.00 to $12.00 and gave the company a “positive” rating in a report on Friday, February 23rd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $10.00.

NU Trading Up 1.6 %

NYSE:NU opened at $11.04 on Friday. The company has a market cap of $51.83 billion, a P/E ratio of 52.57, a P/E/G ratio of 0.53 and a beta of 1.08. The stock’s fifty day moving average price is $11.33 and its two-hundred day moving average price is $9.52. Nu Holdings Ltd. has a 1 year low of $4.94 and a 1 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.

NU (NYSE:NU) last posted its 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 company had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.39 billion. NU had a return on equity of 20.02% and a net margin of 12.84%. During the same quarter in the prior year, the company earned $0.03 EPS. As a group, analysts expect that Nu Holdings Ltd. will post 0.39 EPS for the current year.

NU 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.