Nu Holdings Ltd. (NYSE:NU) Stock Holdings Boosted by Public Sector Pension Investment Board

Key Points

• The Public Sector Pension Investment Board increased its stake in Nu Holdings Ltd. (NYSE:NU) by 8.5% in the first quarter, now owning approximately 2.7 million shares valued at $27.7 million.
• Analysts have set a consensus price target of $15.50 for NU, with several institutions, such as Barclays and JPMorgan, raising their targets to $16.00.
• Nu Holdings reported a net margin of 17.88% for the last quarter, generating a revenue of $3.25 billion, surpassing analyst expectations of $3.09 billion.

Public Sector Pension Investment Board grew its holdings in Nu Holdings Ltd. (NYSE:NU - Free Report) by 8.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,709,900 shares of the company's stock after purchasing an additional 212,400 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.06% of NU worth $27,749,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. NBC Securities Inc. grew its holdings in NU by 286,000.0% in the 1st quarter. NBC Securities Inc. now owns 2,861 shares of the company's stock valued at $29,000 after buying an additional 2,860 shares during the period. TFC Financial Management Inc. increased its position in NU by 74.1% during the 1st quarter. TFC Financial Management Inc. now owns 3,114 shares of the company's stock worth $32,000 after purchasing an additional 1,325 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of NU by 51.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 3,815 shares of the company's stock worth $39,000 after acquiring an additional 1,295 shares in the last quarter. Richards Merrill & Peterson Inc. increased its position in shares of NU by 43.6% in the first quarter. Richards Merrill & Peterson Inc. now owns 4,115 shares of the company's stock worth $42,000 after acquiring an additional 1,250 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of NU by 128.7% in the first quarter. Farther Finance Advisors LLC now owns 4,250 shares of the company's stock worth $44,000 after acquiring an additional 2,392 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on NU shares. Morgan Stanley reiterated an "overweight" rating on shares of NU in a report on Friday, June 13th. Barclays increased their target price on NU from $15.00 to $16.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. JPMorgan Chase & Co. increased their target price on NU from $14.50 to $16.00 and gave the company an "overweight" rating in a research note on Monday, June 30th. Finally, Susquehanna increased their target price on NU from $14.00 to $15.00 and gave the company a "positive" rating in a research note on Wednesday, May 14th. One 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's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $15.50.

NU Stock Down 3.0%

NYSE NU traded down $0.38 during mid-day trading on Thursday, reaching $12.00. 61,370,186 shares of the company's stock traded hands, compared to its average volume of 56,423,793. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $16.15. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.20. The company has a market cap of $57.80 billion, a price-to-earnings ratio of 27.90, a P/E/G ratio of 0.69 and a beta of 1.05. The company has a fifty day simple moving average of $12.75 and a 200-day simple moving average of $12.16.

NU (NYSE:NU - Get Free Report) last released its quarterly earnings results on Thursday, August 14th. The company reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.02. NU had a net margin of 17.88% and a return on equity of 30.77%. As a group, equities research analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current year.

About NU

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.