Public Employees Retirement System of Ohio Reduces Holdings in Nu Holdings Ltd. (NYSE:NU)

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

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Piscataqua Savings Bank grew its holdings in NU by 500.0% during the fourth quarter. Piscataqua Savings Bank now owns 3,000 shares of the company's stock valued at $31,000 after purchasing an additional 2,500 shares during the period. Orion Capital Management LLC bought a new stake in shares of NU during the 4th quarter worth approximately $50,000. TD Waterhouse Canada Inc. grew its position in shares of NU by 190.8% in the 4th quarter. TD Waterhouse Canada Inc. now owns 4,900 shares of the company's stock valued at $51,000 after acquiring an additional 3,215 shares during the period. Campbell Capital Management Inc. bought a new stake in NU in the fourth quarter valued at approximately $52,000. Finally, Cliffwater LLC acquired a new stake in NU during the fourth quarter worth approximately $57,000. 84.02% of the stock is currently owned by institutional investors and hedge funds.

NU Stock Down 0.3%

NU stock traded down $0.04 during midday trading on Tuesday, hitting $11.95. 40,628,749 shares of the stock were exchanged, compared to its average volume of 43,501,649. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $57.58 billion, a price-to-earnings ratio of 29.88, a price-to-earnings-growth ratio of 0.48 and a beta of 1.11. The business's 50-day moving average price is $11.55 and its 200-day moving average price is $11.92. Nu Holdings Ltd. has a 52-week low of $9.01 and a 52-week high of $16.15.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Susquehanna increased their price target on NU from $14.00 to $15.00 and gave the stock a "positive" rating in a research report on Wednesday, May 14th. JPMorgan Chase & Co. raised NU from a "neutral" rating to an "overweight" rating and decreased their price target for the company from $14.00 to $13.00 in a research note on Tuesday, April 8th. UBS Group decreased their price target on NU from $15.50 to $15.00 and set a "neutral" rating for the company in a report on Tuesday, February 18th. Finally, Barclays raised their price target on shares of NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, NU currently has an average rating of "Moderate Buy" and an average target price of $15.13.

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.