Teacher Retirement System of Texas Sells 222,249 Shares of Nu Holdings Ltd. $NU

Teacher Retirement System of Texas cut its position in Nu Holdings Ltd. (NYSE:NU) by 35.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 406,839 shares of the company’s stock after selling 222,249 shares during the period. Teacher Retirement System of Texas’ holdings in NU were worth $5,582,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Armstrong Advisory Group Inc. acquired a new stake in NU during the 2nd quarter worth approximately $27,000. ORG Partners LLC increased its position in shares of NU by 474.1% during the second quarter. ORG Partners LLC now owns 2,325 shares of the company’s stock worth $32,000 after acquiring an additional 1,920 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in NU in the 2nd quarter worth $36,000. Capital Analysts LLC acquired a new position in NU in the 1st quarter worth $31,000. Finally, FNY Investment Advisers LLC boosted its stake in NU by 334,100.0% in the 2nd quarter. FNY Investment Advisers LLC now owns 3,342 shares of the company’s stock worth $45,000 after purchasing an additional 3,341 shares during the period. 84.02% of the stock is currently owned by institutional investors and hedge funds.

NU Price Performance

Shares of NYSE NU opened at $16.07 on Friday. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.24. The business’s 50 day moving average is $15.37 and its 200-day moving average is $13.51. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $16.42. The firm has a market cap of $77.45 billion, a P/E ratio of 34.94, a price-to-earnings-growth ratio of 0.83 and a beta of 1.08.

NU (NYSE:NU) last announced its earnings results on Thursday, August 14th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. The company had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.78 billion. NU had a net margin of 17.90% and a return on equity of 29.91%. During the same period last year, the firm earned $0.12 earnings per share. Equities research analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on NU. Itau BBA Securities upgraded NU from a “market perform” rating to an “outperform” rating and set a $18.00 price target on the stock in a report on Monday, August 18th. Bradesco Corretora raised NU to an “outperform” rating and set a $17.00 target price on the stock in a research report on Monday, August 25th. Bank of America raised their price target on shares of NU from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, August 25th. UBS Group increased their target price on shares of NU from $15.60 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. Finally, JPMorgan Chase & Co. increased their target price on shares of NU from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, September 5th. Nine research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $17.10.

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.