Public Employees Retirement System of Ohio Has $71.74 Million Stock Position in Nu Holdings Ltd. $NU

Key Points

• The Public Employees Retirement System of Ohio increased its stake in Nu Holdings Ltd. by 4.1%, holding approximately 5.23 million shares worth $71.74 million as of the end of the second quarter.
• Nu Holdings recently reported earnings of $0.14 EPS, surpassing expectations, with a revenue of $3.70 billion for the quarter, slightly below the forecast of $3.78 billion.
• A number of brokerages have upgraded Nu Holdings, with Citigroup raising its rating from "sell" to "buy" and increasing the price target from $9.00 to $18.00.

Public Employees Retirement System of Ohio increased its holdings in Nu Holdings Ltd. (NYSE:NU - Free Report) by 4.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,228,590 shares of the company's stock after acquiring an additional 204,604 shares during the period. Public Employees Retirement System of Ohio owned about 0.11% of NU worth $71,736,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Armstrong Advisory Group Inc. bought a new position in NU in the 2nd quarter worth approximately $27,000. NBC Securities Inc. increased its position in shares of NU by 286,000.0% in the first quarter. NBC Securities Inc. now owns 2,861 shares of the company's stock valued at $29,000 after acquiring an additional 2,860 shares during the period. Capital Analysts LLC bought a new stake in shares of NU in the first quarter worth about $31,000. TFC Financial Management Inc. increased its position in shares of NU by 74.1% during the first quarter. TFC Financial Management Inc. now owns 3,114 shares of the company's stock valued at $32,000 after buying an additional 1,325 shares during the period. Finally, Banque Transatlantique SA purchased a new stake in NU in the first quarter worth about $34,000. Hedge funds and other institutional investors own 84.02% of the company's stock.

NU Trading Down 1.0%

NYSE:NU opened at $16.15 on Wednesday. The stock has a fifty day simple moving average of $13.88 and a 200-day simple moving average of $12.63. Nu Holdings Ltd. has a 52-week low of $9.01 and a 52-week high of $16.42. The company has a market capitalization of $77.80 billion, a PE ratio of 35.10, a price-to-earnings-growth ratio of 0.85 and a beta of 1.07. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.24.

NU (NYSE:NU - Get Free Report) last released its earnings results on Thursday, August 14th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. NU had a return on equity of 29.91% and a net margin of 17.90%.The company had revenue of $3.70 billion during the quarter, compared to analysts' expectations of $3.78 billion. During the same period in the prior year, the business posted $0.12 EPS. On average, equities research analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on NU. UBS Group increased their price objective on shares of NU from $14.30 to $15.60 and gave the company a "neutral" rating in a research report on Tuesday, September 2nd. Citigroup raised shares of NU from a "sell" rating to a "buy" rating and lifted their price target for the stock from $9.00 to $18.00 in a research note on Wednesday, August 20th. Bradesco Corretora upgraded shares of NU to an "outperform" rating and set a $17.00 price objective for the company in a research note on Monday, August 25th. Santander raised shares of NU to a "neutral" rating in a report on Monday, August 25th. Finally, Susquehanna raised their price objective on shares of NU from $15.00 to $17.00 and gave the stock a "positive" rating in a research report on Wednesday, August 27th. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $17.06.

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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