Nu Holdings Ltd. $NU Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio reduced its stake in Nu Holdings Ltd. (NYSE:NU) by 24.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,958,649 shares of the company’s stock after selling 936,661 shares during the period. Public Employees Retirement System of Ohio’s holdings in NU were worth $42,516,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sowell Financial Services LLC grew its stake in NU by 4.8% during the 4th quarter. Sowell Financial Services LLC now owns 12,952 shares of the company’s stock worth $217,000 after purchasing an additional 599 shares in the last quarter. Parallel Advisors LLC raised its position in NU by 3.7% in the 4th quarter. Parallel Advisors LLC now owns 16,820 shares of the company’s stock valued at $282,000 after purchasing an additional 601 shares in the last quarter. MBM Wealth Consultants LLC raised its position in NU by 1.2% in the 4th quarter. MBM Wealth Consultants LLC now owns 50,284 shares of the company’s stock valued at $842,000 after purchasing an additional 607 shares in the last quarter. Cornerstone Wealth Group LLC boosted its stake in shares of NU by 1.2% in the 4th quarter. Cornerstone Wealth Group LLC now owns 51,724 shares of the company’s stock valued at $866,000 after buying an additional 621 shares during the period. Finally, Aptus Capital Advisors LLC boosted its stake in shares of NU by 3.4% in the 4th quarter. Aptus Capital Advisors LLC now owns 19,008 shares of the company’s stock valued at $318,000 after buying an additional 624 shares during the period. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on NU shares. Needham & Company LLC began coverage on shares of NU in a research note on Friday, June 26th. They set a “buy” rating and a $17.00 target price on the stock. Susquehanna downgraded shares of NU from a “positive” rating to a “neutral” rating and decreased their price target for the stock from $18.00 to $13.00 in a research note on Wednesday, June 3rd. JPMorgan Chase & Co. boosted their price target on shares of NU from $18.00 to $20.00 and gave the stock an “overweight” rating in a report on Tuesday, July 7th. Scotiabank downgraded shares of NU to a “sector perform” rating and set a $13.00 price objective on the stock. in a research report on Wednesday, June 3rd. Finally, UBS Group reduced their price objective on shares of NU from $18.10 to $16.90 and set a “buy” rating on the stock in a report on Wednesday, May 20th. Ten investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, NU presently has an average rating of “Moderate Buy” and an average price target of $17.24.

NU Stock Down 0.5%

Shares of NYSE NU opened at $14.12 on Friday. The business has a 50-day moving average of $13.02 and a two-hundred day moving average of $14.69. The company has a market capitalization of $68.54 billion, a price-to-earnings ratio of 21.72, a price-to-earnings-growth ratio of 0.57 and a beta of 0.95. Nu Holdings Ltd. has a 1 year low of $11.20 and a 1 year high of $18.98. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.58 and a quick ratio of 0.58.

NU (NYSE:NU) last released its quarterly earnings data on Friday, May 15th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). NU had a net margin of 18.20% and a return on equity of 30.91%. The business had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.06 billion. On average, analysts forecast that Nu Holdings Ltd. will post 0.83 earnings per share for the current fiscal year.

NU announced that its Board of Directors has authorized a stock repurchase program on Thursday, June 4th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In related news, Director Anita M. Sands sold 21,000 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $12.24, for a total value of $257,040.00. Following the completion of the transaction, the director directly owned 162,150 shares of the company’s stock, valued at $1,984,716. This represents a 11.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.20% of the stock is currently owned by insiders.

NU Profile

Nu Holdings Ltd (NYSE: NU), commonly known by its consumer brand Nubank, is a Latin American financial technology company that provides digital banking and financial services through a mobile-first platform. The company’s core offerings include no-fee digital checking accounts, credit cards, personal loans, payments and transfers, and a range of savings and investment products. Nubank emphasizes a streamlined customer experience delivered via its smartphone app, combined with data-driven underwriting and automated customer service tools.

Founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nu grew rapidly by targeting underbanked and digitally savvy consumers in Latin America with low-fee, transparent products.