California Public Employees Retirement System trimmed its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 6.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,157,851 shares of the company's stock after selling 332,509 shares during the period. California Public Employees Retirement System owned approximately 0.11% of NU worth $53,435,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of NU during the fourth quarter worth $447,762,000. State Street Corp raised its stake in shares of NU by 105.9% during the 3rd quarter. State Street Corp now owns 78,865,138 shares of the company's stock worth $1,076,509,000 after purchasing an additional 40,560,986 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of NU by 2,193.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 18,109,184 shares of the company's stock valued at $187,611,000 after buying an additional 17,319,681 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of NU by 104.3% in the 3rd quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company's stock valued at $442,935,000 after buying an additional 16,638,397 shares in the last quarter. Finally, Baillie Gifford & Co. increased its holdings in NU by 7.1% in the fourth quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company's stock worth $2,330,786,000 after buying an additional 14,875,891 shares during the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.
NU Stock Performance
NYSE:NU traded down $0.70 during mid-day trading on Friday, hitting $9.57. 93,554,639 shares of the company's stock traded hands, compared to its average volume of 38,762,670. The firm has a market capitalization of $45.61 billion, a price-to-earnings ratio of 23.93, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. The firm has a 50 day moving average of $11.87 and a two-hundred day moving average of $12.59. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $16.15.
NU (NYSE:NU - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.12. The business had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.17 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. On average, equities analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.
Analyst Ratings Changes
NU has been the subject of several recent research reports. UBS Group decreased their target price on shares of NU from $15.50 to $15.00 and set a "neutral" rating for the company in a research report on Tuesday, February 18th. JPMorgan Chase & Co. reduced their price objective on shares of NU from $15.00 to $14.00 and set a "neutral" rating for the company in a research note on Monday, February 24th. Finally, Barclays lowered their target price on shares of NU from $17.00 to $15.00 and set an "overweight" rating on the stock in a research report on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $15.47.
Read Our Latest Stock Analysis on NU
About NU
(
Free Report)
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.
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