Kentucky Retirement Systems Insurance Trust Fund Takes $966,000 Position in Nu Holdings Ltd. (NYSE:NU)

Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 94,355 shares of the company's stock, valued at approximately $966,000.

A number of other large investors have also bought and sold shares of NU. OneAscent Wealth Management LLC lifted its position in shares of NU by 6.5% during the fourth quarter. OneAscent Wealth Management LLC now owns 12,481 shares of the company's stock valued at $129,000 after purchasing an additional 760 shares in the last quarter. Quarry LP increased its stake in shares of NU by 15.3% in the fourth quarter. Quarry LP now owns 9,095 shares of the company's stock worth $94,000 after purchasing an additional 1,205 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in NU by 51.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 3,815 shares of the company's stock valued at $39,000 after acquiring an additional 1,295 shares in the last quarter. Yousif Capital Management LLC grew its stake in NU by 1.5% during the first quarter. Yousif Capital Management LLC now owns 92,920 shares of the company's stock valued at $952,000 after acquiring an additional 1,416 shares in the last quarter. Finally, Penbrook Management LLC grew its stake in NU by 3.0% during the first quarter. Penbrook Management LLC now owns 51,190 shares of the company's stock valued at $524,000 after acquiring an additional 1,500 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on NU shares. Morgan Stanley reissued an "overweight" rating on shares of NU in a research note on Friday, June 13th. Barclays boosted their price objective on shares of NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. Susquehanna upped their price target on shares of NU from $14.00 to $15.00 and gave the company a "positive" rating in a report on Wednesday, May 14th. Finally, JPMorgan Chase & Co. upgraded shares of NU from a "neutral" rating to an "overweight" rating and lowered their price target for the company from $14.00 to $13.00 in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, NU has a consensus rating of "Moderate Buy" and an average target price of $15.13.

NU Stock Down 1.5%

Shares of NYSE:NU traded down $0.20 during midday trading on Wednesday, reaching $13.23. The company's stock had a trading volume of 89,192,380 shares, compared to its average volume of 46,176,971. The firm has a 50 day moving average of $12.25 and a 200-day moving average of $11.73. The firm has a market capitalization of $63.75 billion, a P/E ratio of 30.77, a PEG ratio of 0.77 and a beta of 1.04. The company has a quick ratio of 0.54, a current ratio of 0.54 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 released its earnings results on Tuesday, May 13th. The company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.01). NU had a return on equity of 30.77% and a net margin of 17.88%. The business had revenue of $3.25 billion during the quarter, compared to analysts' expectations of $3.09 billion. During the same period in the prior year, the company earned $0.09 earnings per share. On average, research analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

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.