Nu Holdings Ltd. $NU Shares Acquired by California Public Employees Retirement System

California Public Employees Retirement System boosted its position in Nu Holdings Ltd. (NYSE:NU) by 1.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,009,638 shares of the company’s stock after purchasing an additional 104,664 shares during the quarter. California Public Employees Retirement System’s holdings in NU were worth $86,358,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised 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 buying an additional 1,464 shares during the last quarter. Jump Financial LLC grew its holdings in NU by 541.8% in the 2nd quarter. Jump Financial LLC now owns 185,434 shares of the company’s stock worth $2,544,000 after buying an additional 156,539 shares in the last quarter. WINTON GROUP Ltd grew its holdings in NU by 38.5% in the 2nd quarter. WINTON GROUP Ltd now owns 37,156 shares of the company’s stock worth $510,000 after buying an additional 10,332 shares in the last quarter. AXA S.A. grew its holdings in NU by 1.4% in the 2nd quarter. AXA S.A. now owns 192,311 shares of the company’s stock worth $2,639,000 after buying an additional 2,682 shares in the last quarter. Finally, Nebula Research & Development LLC increased its position in NU by 63.7% in the 2nd quarter. Nebula Research & Development LLC now owns 19,937 shares of the company’s stock valued at $274,000 after acquiring an additional 7,760 shares during the period. 84.02% of the stock is owned by institutional investors and hedge funds.

NU Trading Up 0.1%

NU stock opened at $13.60 on Monday. The firm has a 50 day simple moving average of $12.89 and a 200-day simple moving average of $14.77. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.58 and a quick ratio of 0.58. The stock has a market capitalization of $66.06 billion, a PE ratio of 20.93, a price-to-earnings-growth ratio of 0.54 and a beta of 0.95. Nu Holdings Ltd. has a 12-month low of $11.20 and a 12-month high of $18.98.

NU (NYSE:NU) last posted its quarterly earnings data on Friday, May 15th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). NU had a net margin of 18.20% and a return on equity of 30.91%. The company had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.06 billion. As a group, equities research analysts expect that Nu Holdings Ltd. will post 0.83 EPS for the current fiscal year.

NU announced that its board has approved a share buyback program on Thursday, June 4th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

Several analysts have weighed in on NU shares. Bank of America reaffirmed an “underperform” rating on shares of NU in a research note on Tuesday, June 2nd. UBS Group decreased their price target on NU from $18.10 to $16.90 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Scotiabank lowered NU to a “sector perform” rating and set a $13.00 price target on the stock. in a report on Wednesday, June 3rd. CICC Research began coverage on shares of NU in a research note on Tuesday, April 14th. They set an “outperform” rating and a $18.00 price objective on the stock. Finally, Weiss Ratings cut shares of NU from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 13th. Ten equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $17.24.

Insider Transactions at NU

In other NU news, Director Anita M. Sands sold 21,000 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $12.24, for a total transaction of $257,040.00. Following the completion of the transaction, the director directly owned 162,150 shares of the company’s stock, valued at approximately $1,984,716. This trade represents a 11.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.20% of the company’s stock.

NU Company 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.