Employees Retirement System of Texas Acquires New Holdings in Nu Holdings Ltd. $NU

Employees Retirement System of Texas acquired a new position in Nu Holdings Ltd. (NYSE:NU) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 101,130 shares of the company’s stock, valued at approximately $1,693,000.

Other institutional investors have also bought and sold shares of the company. LOM Asset Management Ltd acquired a new stake in NU in the fourth quarter worth about $25,000. Cornerstone Planning Group LLC lifted its holdings in NU by 5,448.3% in the fourth quarter. Cornerstone Planning Group LLC now owns 1,609 shares of the company’s stock worth $27,000 after purchasing an additional 1,580 shares during the period. Morse Asset Management Inc bought a new stake in NU in the fourth quarter worth about $31,000. Fifth Third Bancorp raised its position in NU by 433.0% in the fourth quarter. Fifth Third Bancorp now owns 1,988 shares of the company’s stock worth $33,000 after acquiring an additional 1,615 shares in the last quarter. Finally, VSM Wealth Advisory LLC raised its position in NU by 1,000.0% in the third quarter. VSM Wealth Advisory LLC now owns 3,300 shares of the company’s stock worth $53,000 after acquiring an additional 3,000 shares in the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Zacks Research cut shares of NU from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Itau BBA Securities reiterated an “outperform” rating on shares of NU in a research report on Tuesday, March 17th. CICC Research assumed coverage on shares of NU in a research report on Tuesday, April 14th. They issued an “outperform” rating and a $18.00 price target on the stock. Bank of America reiterated a “neutral” rating on shares of NU in a research report on Monday, March 9th. Finally, Weiss Ratings cut shares of NU from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 13th. Eleven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $18.39.

Insider Activity

In other NU news, Director Anita M. Sands sold 21,000 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $12.24, for a total transaction of $257,040.00. Following the sale, the director owned 162,150 shares in the company, valued at approximately $1,984,716. The trade was a 11.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the company’s stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $14.81, for a total value of $4,443,000.00. Following the completion of the transaction, the chief executive officer owned 2,312,338 shares in the company, valued at $34,245,725.78. This represents a 11.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.20% of the stock is currently owned by insiders.

NU Price Performance

NYSE NU opened at $13.05 on Thursday. The stock’s 50-day moving average price is $14.04 and its two-hundred day moving average price is $15.70. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.36. The company has a market cap of $63.34 billion, a PE ratio of 20.07, a PEG ratio of 0.52 and a beta of 1.01. Nu Holdings Ltd. has a 1 year low of $11.71 and a 1 year high of $18.98.

NU (NYSE:NU) last posted its quarterly earnings data on Friday, May 15th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01). The company had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.06 billion. NU had a return on equity of 30.91% and a net margin of 18.20%. On average, analysts predict that Nu Holdings Ltd. will post 0.84 EPS for the current year.

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.