Nu Holdings Ltd. (NYSE:NU) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lowered its stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 7.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 629,088 shares of the company's stock after selling 51,378 shares during the period. Teacher Retirement System of Texas' holdings in NU were worth $6,442,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in NU during the fourth quarter worth about $447,762,000. Geode Capital Management LLC lifted its holdings in shares of NU by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 33,777,551 shares of the company's stock valued at $348,774,000 after purchasing an additional 1,179,748 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of NU by 45.1% in the fourth quarter. Northern Trust Corp now owns 25,496,091 shares of the company's stock valued at $264,140,000 after purchasing an additional 7,930,598 shares in the last quarter. Ribbit Management Company LLC lifted its holdings in shares of NU by 22.1% in the fourth quarter. Ribbit Management Company LLC now owns 25,243,753 shares of the company's stock valued at $261,525,000 after purchasing an additional 4,575,000 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its holdings in shares of NU by 6.2% in the fourth quarter. Nuveen Asset Management LLC now owns 24,378,076 shares of the company's stock valued at $252,557,000 after purchasing an additional 1,417,910 shares in the last quarter. Hedge funds and other institutional investors own 84.02% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on NU shares. Barclays upped their price target on shares of NU from $15.00 to $16.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Susquehanna upped their price objective on shares of NU from $14.00 to $15.00 and gave the company a "positive" rating in a research note on Wednesday, May 14th. Morgan Stanley reaffirmed an "overweight" rating on shares of NU in a research report on Friday, June 13th. Finally, JPMorgan Chase & Co. upped their price target on shares of NU from $14.50 to $16.00 and gave the stock an "overweight" rating in a research report on Monday, June 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $15.50.

NU Stock Up 0.8%

NYSE:NU opened at $13.60 on Monday. The company has a market capitalization of $65.51 billion, a price-to-earnings ratio of 31.62, a price-to-earnings-growth ratio of 0.77 and a beta of 1.07. Nu Holdings Ltd. has a one year low of $9.01 and a one year high of $16.15. The stock has a 50-day simple moving average of $12.56 and a 200 day simple moving average of $11.83. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.54 and a current ratio of 0.54.

NU (NYSE:NU - Get Free Report) last issued its earnings results on Tuesday, May 13th. The company reported $0.11 earnings per share (EPS) 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 the consensus estimate of $3.09 billion. During the same period in the prior year, the business earned $0.09 EPS. Sell-side analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal 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.

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