Kentucky Retirement Systems Invests $2.27 Million in Nu Holdings Ltd. (NYSE:NU)

Kentucky Retirement Systems acquired a new stake in Nu Holdings Ltd. (NYSE:NU - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 221,529 shares of the company's stock, valued at approximately $2,268,000.

Other hedge funds have also recently added to or reduced their stakes in the company. D.A. Davidson & CO. grew its holdings in NU by 84.7% during the 4th quarter. D.A. Davidson & CO. now owns 31,060 shares of the company's stock worth $322,000 after acquiring an additional 14,239 shares during the period. Private Advisor Group LLC raised its position in NU by 52.4% in the 4th quarter. Private Advisor Group LLC now owns 79,831 shares of the company's stock valued at $827,000 after buying an additional 27,456 shares during the last quarter. Transcend Capital Advisors LLC grew its stake in NU by 22.8% in the 4th quarter. Transcend Capital Advisors LLC now owns 21,558 shares of the company's stock valued at $223,000 after purchasing an additional 4,000 shares during the period. IFP Advisors Inc raised its position in NU by 47.1% in the fourth quarter. IFP Advisors Inc now owns 63,689 shares of the company's stock worth $660,000 after acquiring an additional 20,385 shares during the period. Finally, Rothschild Investment LLC raised its position in NU by 16.8% in the fourth quarter. Rothschild Investment LLC now owns 11,346 shares of the company's stock worth $118,000 after acquiring an additional 1,633 shares during the period. Institutional investors and hedge funds own 84.02% of the company's stock.

Analyst Ratings Changes

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

NU Price Performance

NU stock traded down $0.20 during mid-day trading on Wednesday, reaching $13.23. 89,192,380 shares of the company traded hands, compared to its average volume of 46,176,971. Nu Holdings Ltd. has a 52-week low of $9.01 and a 52-week high of $16.15. The company has a market capitalization of $63.75 billion, a P/E ratio of 30.77, a P/E/G ratio of 0.77 and a beta of 1.04. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.54 and a quick ratio of 0.54. The company has a fifty day moving average price of $12.25 and a 200-day moving average price of $11.73.

NU (NYSE:NU - Get Free Report) last posted 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 firm had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same period last year, the company posted $0.09 EPS. As a group, analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

NU 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.