California State Teachers Retirement System raised its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 484.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,365,257 shares of the company's stock after purchasing an additional 1,131,595 shares during the period. California State Teachers Retirement System's holdings in NU were worth $14,144,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in NU. Baillie Gifford & Co. boosted its stake in NU by 7.1% during the 4th quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company's stock valued at $2,330,786,000 after purchasing an additional 14,875,891 shares during the period. Barclays PLC grew its holdings in NU by 55.7% in the 3rd quarter. Barclays PLC now owns 1,005,022 shares of the company's stock worth $13,718,000 after buying an additional 359,733 shares in the last quarter. KBC Group NV raised its stake in NU by 314.8% during the 4th quarter. KBC Group NV now owns 633,708 shares of the company's stock valued at $6,565,000 after acquiring an additional 480,922 shares in the last quarter. Gladstone Institutional Advisory LLC raised its stake in NU by 131.7% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 37,992 shares of the company's stock valued at $394,000 after acquiring an additional 21,592 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new position in shares of NU in the fourth quarter worth $441,000. 84.02% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the stock. Barclays increased their target price on shares of NU from $15.00 to $16.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. UBS Group dropped their target price on NU from $15.50 to $15.00 and set a "neutral" rating on the stock in a report on Tuesday, February 18th. Susquehanna upped their price objective on 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. raised shares of NU from a "neutral" rating to an "overweight" rating and cut their price target for the company from $14.00 to $13.00 in a report on Tuesday, April 8th. One 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 currently has a consensus rating of "Moderate Buy" and a consensus price target of $15.13.
View Our Latest Stock Analysis on NU
NU Trading Down 0.2%
Shares of NYSE:NU traded down $0.03 during midday trading on Monday, reaching $11.99. The company had a trading volume of 48,108,190 shares, compared to its average volume of 43,986,535. The company has a fifty day simple moving average of $11.60 and a two-hundred day simple moving average of $11.82. The firm has a market cap of $57.75 billion, a price-to-earnings ratio of 29.96, a price-to-earnings-growth ratio of 0.48 and a beta of 1.11. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $16.15. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44.
NU (NYSE:NU - Get Free Report) last announced its earnings results on Tuesday, May 13th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.01). The firm had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.09 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. During the same period last year, the firm earned $0.09 earnings per share. Research analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.
NU Profile
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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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