Regents of The University of California Takes $7.98 Million Position in Nu Holdings Ltd. (NYSE:NU)

Key Points

• The Regents of The University of California acquired a new position in Nu Holdings Ltd., purchasing 778,855 shares valued at approximately $7.98 million, making NU about 1.7% of their overall portfolio.
• Analyst ratings are generally positive, with most firms maintaining an "overweight" rating and increasing price targets, indicating a consensus target price of $15.50.
• In the last quarterly report, Nu Holdings posted $0.11 earnings per share, slightly below expectations, but had revenue of $3.25 billion, exceeding analyst estimates.

Regents of The University of California purchased a new position in Nu Holdings Ltd. (NYSE:NU - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 778,855 shares of the company's stock, valued at approximately $7,977,000. NU comprises about 1.7% of Regents of The University of California's investment portfolio, making the stock its 4th biggest holding.

Several other large investors have also recently modified their holdings of the stock. Marcho Partners LLP raised its position in shares of NU by 10.6% in the 1st quarter. Marcho Partners LLP now owns 3,916,009 shares of the company's stock worth $40,100,000 after purchasing an additional 375,720 shares during the last quarter. National Pension Service increased its holdings in NU by 6.1% in the 1st quarter. National Pension Service now owns 815,246 shares of the company's stock worth $8,348,000 after buying an additional 46,746 shares in the last quarter. Resona Asset Management Co. Ltd. increased its holdings in NU by 13.5% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 847,013 shares of the company's stock worth $8,687,000 after buying an additional 100,605 shares in the last quarter. Rathbones Group PLC bought a new stake in NU in the 1st quarter worth about $690,000. Finally, HighTower Advisors LLC increased its holdings in NU by 0.3% in the 1st quarter. HighTower Advisors LLC now owns 783,292 shares of the company's stock worth $8,021,000 after buying an additional 2,642 shares in the last quarter. Hedge funds and other institutional investors own 84.02% of the company's stock.

NU Stock Performance

Shares of NU stock traded up $1.07 during trading hours on Friday, reaching $13.08. 130,466,648 shares of the stock traded hands, compared to its average volume of 43,311,320. The company has a 50 day moving average price of $12.76 and a 200 day moving average price of $12.16. The firm has a market capitalization of $63.03 billion, a price-to-earnings ratio of 28.44, a P/E/G ratio of 0.68 and a beta of 1.05. Nu Holdings Ltd. has a one year low of $9.01 and a one year high of $16.15. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.20.

NU (NYSE:NU - Get Free Report) last released its quarterly earnings results on Thursday, August 14th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.02. NU had a return on equity of 31.42% and a net margin of 17.90%. The business had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.78 billion. During the same period in the previous year, the company 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.

Analysts Set New Price Targets

NU has been the subject of several research analyst reports. Morgan Stanley reiterated an "overweight" rating on shares of NU in a report on Friday, June 13th. JPMorgan Chase & Co. lifted their price objective on NU from $14.50 to $16.00 and gave the stock an "overweight" rating in a report on Monday, June 30th. Barclays boosted their price target on NU from $15.00 to $16.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Finally, Susquehanna boosted their price target on NU from $14.00 to $15.00 and gave the company a "positive" rating in a research note on Wednesday, May 14th. One 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 currently has an average rating of "Moderate Buy" and a consensus price target of $15.50.

NU Company 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.