Police & Firemen s Retirement System of New Jersey Cuts Stock Holdings in Nu Holdings Ltd. $NU

Police & Firemen s Retirement System of New Jersey lowered its stake in Nu Holdings Ltd. (NYSE:NU) by 1.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,291,109 shares of the company’s stock after selling 14,944 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in NU were worth $17,714,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Brown Advisory Inc. lifted its position in NU by 32.3% in the first quarter. Brown Advisory Inc. now owns 31,371 shares of the company’s stock valued at $321,000 after purchasing an additional 7,664 shares during the last quarter. Nisa Investment Advisors LLC purchased a new position in shares of NU in the first quarter worth $61,000. Cerity Partners LLC raised its holdings in NU by 4.4% during the 1st quarter. Cerity Partners LLC now owns 606,802 shares of the company’s stock valued at $6,214,000 after buying an additional 25,466 shares during the last quarter. Ballentine Partners LLC bought a new stake in NU during the 1st quarter valued at $137,000. Finally, CWM LLC boosted its position in NU by 40.2% during the 1st quarter. CWM LLC now owns 75,008 shares of the company’s stock valued at $768,000 after buying an additional 21,508 shares during the period. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

NU Stock Down 1.3%

NU stock opened at $16.18 on Thursday. Nu Holdings Ltd. has a fifty-two week low of $9.01 and a fifty-two week high of $16.55. The company has a market capitalization of $77.94 billion, a price-to-earnings ratio of 35.16, a price-to-earnings-growth ratio of 0.84 and a beta of 1.08. The business’s 50 day moving average price is $15.64 and its two-hundred day moving average price is $13.83. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.57 and a current ratio of 0.57.

NU (NYSE:NU) last released its quarterly earnings results on Thursday, August 14th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.78 billion. NU had a return on equity of 29.91% and a net margin of 17.90%.During the same period in the previous year, the company posted $0.12 earnings per share. As a group, analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

NU has been the topic of a number of analyst reports. Bank of America boosted their price objective on shares of NU from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, August 25th. Susquehanna raised their target price on NU from $15.00 to $17.00 and gave the stock a “positive” rating in a research note on Wednesday, August 27th. Santander raised NU to a “neutral” rating in a research report on Monday, August 25th. JPMorgan Chase & Co. boosted their target price on NU from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, September 5th. Finally, Bradesco Corretora raised NU to an “outperform” rating and set a $17.00 price target for the company in a research note on Monday, August 25th. Nine equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $17.10.

About NU

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.