Nu Holdings Ltd. (NYSE:NU) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas decreased its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 65.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 680,466 shares of the company’s stock after selling 1,281,556 shares during the quarter. Teacher Retirement System of Texas’ holdings in NU were worth $7,050,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Baillie Gifford & Co. lifted its stake in shares of NU by 7.1% during the fourth quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company’s stock worth $2,330,786,000 after purchasing an additional 14,875,891 shares in the last quarter. State Street Corp lifted its position in NU by 105.9% during the 3rd quarter. State Street Corp now owns 78,865,138 shares of the company’s stock worth $1,076,509,000 after acquiring an additional 40,560,986 shares in the last quarter. FMR LLC boosted its holdings in NU by 16.4% in the 3rd quarter. FMR LLC now owns 61,801,891 shares of the company’s stock worth $843,596,000 after acquiring an additional 8,728,833 shares during the period. Geode Capital Management LLC grew its position in NU by 104.3% in the third quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company’s stock valued at $442,935,000 after acquiring an additional 16,638,397 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its stake in shares of NU by 5.3% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 21,044,971 shares of the company’s stock valued at $218,026,000 after purchasing an additional 1,067,992 shares during the period. 84.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NU has been the subject of a number of recent analyst reports. Barclays lowered their price target on shares of NU from $17.00 to $15.00 and set an “overweight” rating for the company in a report on Monday, February 24th. JPMorgan Chase & Co. lowered their target price on NU from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Monday, February 24th. UBS Group cut their price target on NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 18th. Finally, Citigroup lowered NU from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $14.60 to $11.00 in a research note on Monday, December 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $15.47.

NU Stock Performance

NU stock opened at $11.62 on Monday. The stock’s 50 day simple moving average is $12.05 and its 200 day simple moving average is $12.85. Nu Holdings Ltd. has a 12-month low of $9.67 and a 12-month high of $16.15. The firm has a market cap of $55.36 billion, a P/E ratio of 29.04, a P/E/G ratio of 0.48 and a beta of 1.14. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20.

NU (NYSE:NU) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.12 EPS for the quarter, meeting the consensus estimate of $0.12. The business had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.17 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. As a group, equities research analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current year.

About NU

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.