California Public Employees Retirement System Sells 332,509 Shares of Nu Holdings Ltd. (NYSE:NU)

California Public Employees Retirement System reduced its position in shares of Nu Holdings Ltd. (NYSE:NU) by 6.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,157,851 shares of the company’s stock after selling 332,509 shares during the quarter. California Public Employees Retirement System owned approximately 0.11% of NU worth $53,435,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of NU in the 4th quarter worth approximately $447,762,000. State Street Corp boosted its holdings in NU by 105.9% in the third quarter. State Street Corp now owns 78,865,138 shares of the company’s stock valued at $1,076,509,000 after acquiring an additional 40,560,986 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in NU by 2,193.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 18,109,184 shares of the company’s stock valued at $187,611,000 after purchasing an additional 17,319,681 shares during the period. Geode Capital Management LLC raised its holdings in NU by 104.3% in the 3rd quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company’s stock worth $442,935,000 after purchasing an additional 16,638,397 shares in the last quarter. Finally, Baillie Gifford & Co. lifted its position in shares of NU by 7.1% in the 4th quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company’s stock worth $2,330,786,000 after purchasing an additional 14,875,891 shares during the period. Hedge funds and other institutional investors own 84.02% of the company’s stock.

Analyst Upgrades and Downgrades

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

NU Stock Up 2.0 %

NU stock opened at $10.45 on Wednesday. The business has a 50 day moving average of $11.99 and a 200 day moving average of $12.69. The firm has a market cap of $49.78 billion, a PE ratio of 26.11, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. Nu Holdings Ltd. has a twelve month low of $9.67 and a twelve month high of $16.15. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20.

NU (NYSE:NU) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. The firm had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.17 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. On average, research analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

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.