State of New Jersey Common Pension Fund D Buys New Shares in Nu Holdings Ltd. (NYSE:NU)

State of New Jersey Common Pension Fund D bought a new stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,421,387 shares of the company's stock, valued at approximately $11,840,000.

Several other institutional investors and hedge funds also recently made changes to their positions in NU. Artisan Partners Limited Partnership grew its holdings in NU by 6.6% in the 3rd quarter. Artisan Partners Limited Partnership now owns 75,703,469 shares of the company's stock worth $548,850,000 after acquiring an additional 4,672,092 shares during the last quarter. Jennison Associates LLC grew its holdings in NU by 160.9% in the 4th quarter. Jennison Associates LLC now owns 65,813,072 shares of the company's stock worth $548,223,000 after acquiring an additional 40,584,189 shares during the last quarter. Morgan Stanley grew its holdings in NU by 7.1% in the 3rd quarter. Morgan Stanley now owns 61,260,423 shares of the company's stock worth $444,138,000 after acquiring an additional 4,044,904 shares during the last quarter. Sands Capital Management LLC boosted its stake in shares of NU by 5.4% during the 3rd quarter. Sands Capital Management LLC now owns 44,228,248 shares of the company's stock valued at $320,655,000 after purchasing an additional 2,274,819 shares in the last quarter. Finally, FMR LLC boosted its stake in shares of NU by 8.4% during the 3rd quarter. FMR LLC now owns 26,949,489 shares of the company's stock valued at $195,384,000 after purchasing an additional 2,088,585 shares in the last quarter. Institutional investors own 80.90% of the company's stock.

NU Stock Performance

NYSE NU traded up $0.09 on Thursday, hitting $10.86. 19,170,755 shares of the company's stock traded hands, compared to its average volume of 30,463,035. The company has a current ratio of 0.38, a quick ratio of 0.31 and a debt-to-equity ratio of 0.18. Nu Holdings Ltd. has a 1-year low of $4.91 and a 1-year high of $12.39. The firm's 50-day moving average price is $11.31 and its two-hundred day moving average price is $9.49. The firm has a market capitalization of $50.99 billion, a PE ratio of 51.29, a P/E/G ratio of 0.53 and a beta of 1.08.

NU (NYSE:NU - Get Free Report) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.01). NU had a return on equity of 20.02% and a net margin of 12.84%. The company had revenue of $2.40 billion during the quarter, compared to analysts' expectations of $2.39 billion. During the same period in the previous year, the firm posted $0.03 EPS. As a group, analysts expect that Nu Holdings Ltd. will post 0.39 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on NU. UBS Group lifted their target price on shares of NU from $10.50 to $11.50 and gave the company a "buy" rating in a research note on Monday, January 29th. TheStreet raised shares of NU from a "c+" rating to a "b" rating in a research note on Friday, March 8th. KeyCorp lifted their price target on shares of NU from $12.00 to $13.00 and gave the company an "overweight" rating in a research report on Monday. Finally, Susquehanna lifted their price target on shares of NU from $11.00 to $12.00 and gave the company a "positive" rating in a research report on Friday, February 23rd. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $10.00.

NU Profile

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.

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