Teacher Retirement System of Texas Acquires 75,164 Shares of Nu Holdings Ltd. $NU

Teacher Retirement System of Texas raised its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 18.5% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 482,003 shares of the company’s stock after purchasing an additional 75,164 shares during the period. Teacher Retirement System of Texas’ holdings in NU were worth $7,717,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NU. Rathbones Group PLC grew its stake in shares of NU by 119.0% in the 2nd quarter. Rathbones Group PLC now owns 147,590 shares of the company’s stock worth $2,025,000 after acquiring an additional 80,200 shares in the last quarter. Itau Unibanco Holding S.A. bought a new position in shares of NU during the second quarter valued at about $39,848,000. Sumitomo Mitsui Trust Group Inc. boosted its holdings in NU by 14.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 13,695,159 shares of the company’s stock worth $219,259,000 after purchasing an additional 1,703,787 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in NU by 39.9% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 95,879 shares of the company’s stock worth $1,315,000 after purchasing an additional 27,335 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its position in NU by 87.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 64,052 shares of the company’s stock worth $879,000 after purchasing an additional 29,824 shares in the last quarter. 84.02% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of NU in a research note on Wednesday, October 8th. KeyCorp lifted their price target on NU from $15.00 to $19.00 and gave the stock an “overweight” rating in a report on Friday, November 14th. Santander raised NU from a “neutral” rating to an “outperform” rating in a research report on Thursday, December 4th. The Goldman Sachs Group restated a “buy” rating and issued a $21.00 price objective on shares of NU in a research note on Thursday, December 18th. Finally, Zacks Research upgraded NU from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, NU has an average rating of “Moderate Buy” and an average target price of $18.04.

NU Price Performance

Shares of NYSE NU opened at $18.03 on Monday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.29. The stock has a fifty day simple moving average of $16.81 and a two-hundred day simple moving average of $15.36. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $18.37. The firm has a market cap of $86.89 billion, a price-to-earnings ratio of 35.36, a price-to-earnings-growth ratio of 0.59 and a beta of 1.08.

NU (NYSE:NU) last issued its earnings results on Thursday, November 13th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.02. The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $3.96 billion. NU had a return on equity of 30.12% and a net margin of 17.97%. Analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

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.