Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 154,167 Shares of Nu Holdings Ltd. $NU

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its stake in Nu Holdings Ltd. (NYSE:NU) by 26.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 422,041 shares of the company’s stock after selling 154,167 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in NU were worth $5,790,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Rathbones Group PLC grew its stake in shares of NU by 119.0% in the second quarter. Rathbones Group PLC now owns 147,590 shares of the company’s stock worth $2,025,000 after purchasing an additional 80,200 shares during the last quarter. IFM Investors Pty Ltd lifted its holdings in NU by 46.4% in the 1st quarter. IFM Investors Pty Ltd now owns 107,268 shares of the company’s stock worth $1,098,000 after buying an additional 34,017 shares during the period. Whittier Trust Co. of Nevada Inc. grew its position in shares of NU by 39.9% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 95,879 shares of the company’s stock worth $1,315,000 after buying an additional 27,335 shares during the last quarter. Kera Capital Partners Inc. increased its stake in shares of NU by 6.8% during the second quarter. Kera Capital Partners Inc. now owns 530,635 shares of the company’s stock valued at $7,280,000 after buying an additional 33,999 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its stake in shares of NU by 87.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 64,052 shares of the company’s stock valued at $879,000 after buying an additional 29,824 shares during the period. Institutional investors own 84.02% of the company’s stock.

NU Trading Down 1.5%

Shares of NYSE NU opened at $15.58 on Tuesday. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $16.55. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.57 and a quick ratio of 0.57. The firm has a 50-day moving average of $15.68 and a 200 day moving average of $13.91. The stock has a market cap of $75.07 billion, a P/E ratio of 30.55, a price-to-earnings-growth ratio of 0.81 and a beta of 1.08.

NU (NYSE:NU) last announced its quarterly earnings data on Thursday, November 13th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. NU had a net margin of 17.97% and a return on equity of 31.82%. The business had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $3.96 billion. As a group, sell-side analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on NU shares. JPMorgan Chase & Co. raised their price target on NU from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, September 5th. Itau BBA Securities upgraded shares of NU from a “market perform” rating to an “outperform” rating and set a $18.00 price objective for the company in a report on Monday, August 18th. Santander raised shares of NU to a “neutral” rating in a research note on Monday, August 25th. Citigroup raised shares of NU from a “sell” rating to a “buy” rating and increased their price target for the stock from $9.00 to $18.00 in a research note on Wednesday, August 20th. Finally, Bank of America raised their price objective on shares of NU from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, August 25th. Eight equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, NU presently has an average rating of “Moderate Buy” and an average target price of $17.33.

NU Company 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.