Nu Holdings Ltd. (NYSE:NU) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio decreased its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 7.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,676,712 shares of the company's stock after selling 379,861 shares during the period. Public Employees Retirement System of Ohio owned about 0.10% of NU worth $48,451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Baader Bank Aktiengesellschaft lifted its holdings in NU by 19.6% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 355,332 shares of the company's stock valued at $3,680,000 after purchasing an additional 58,183 shares in the last quarter. Baillie Gifford & Co. increased its stake in shares of NU by 7.1% during the fourth quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company's stock worth $2,330,786,000 after purchasing an additional 14,875,891 shares in the last quarter. Barclays PLC raised its position in shares of NU by 55.7% during the 3rd quarter. Barclays PLC now owns 1,005,022 shares of the company's stock worth $13,718,000 after purchasing an additional 359,733 shares during the last quarter. KBC Group NV lifted its stake in NU by 314.8% in the 4th quarter. KBC Group NV now owns 633,708 shares of the company's stock valued at $6,565,000 after buying an additional 480,922 shares in the last quarter. Finally, Gladstone Institutional Advisory LLC lifted its stake in NU by 131.7% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 37,992 shares of the company's stock valued at $394,000 after buying an additional 21,592 shares in the last quarter. Institutional investors and hedge funds own 84.02% of the company's stock.

NU Trading Up 1.9%

NYSE NU traded up $0.23 on Wednesday, reaching $12.17. 28,660,395 shares of the company were exchanged, compared to its average volume of 43,456,263. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. The business's fifty day moving average price is $11.57 and its 200 day moving average price is $11.92. The stock has a market capitalization of $58.63 billion, a P/E ratio of 30.39, a price-to-earnings-growth ratio of 0.48 and a beta of 1.11. Nu Holdings Ltd. has a fifty-two week low of $9.01 and a fifty-two week high of $16.15.

NU (NYSE:NU - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.01). NU had a net margin of 17.12% and a return on equity of 30.99%. The firm had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same period in the previous year, the firm posted $0.09 EPS. Analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on NU shares. Barclays boosted their price objective on NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. JPMorgan Chase & Co. upgraded NU from a "neutral" rating to an "overweight" rating and dropped their price target for the stock from $14.00 to $13.00 in a research report on Tuesday, April 8th. UBS Group reduced their price objective on NU from $15.50 to $15.00 and set a "neutral" rating for the company in a research note on Tuesday, February 18th. Finally, Susquehanna lifted their target price on shares of NU from $14.00 to $15.00 and gave the stock a "positive" rating in a research note on Wednesday, May 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $15.13.

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.