California Public Employees Retirement System Purchases 75,146 Shares of Nu Holdings Ltd. (NYSE:NU)

California Public Employees Retirement System grew its position in shares of Nu Holdings Ltd. (NYSE:NU) by 1.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,356,402 shares of the company’s stock after buying an additional 75,146 shares during the quarter. California Public Employees Retirement System’s holdings in NU were worth $36,289,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Jennison Associates LLC increased its stake in shares of 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 purchasing an additional 40,584,189 shares in the last quarter. WCM Investment Management LLC purchased a new stake in shares of NU in the 4th quarter worth $66,541,000. AlpInvest Partners B.V. increased its stake in shares of NU by 180.0% in the 3rd quarter. AlpInvest Partners B.V. now owns 9,646,318 shares of the company’s stock worth $69,936,000 after purchasing an additional 6,201,124 shares in the last quarter. Advent International L.P. increased its stake in shares of NU by 28.6% in the 3rd quarter. Advent International L.P. now owns 23,774,907 shares of the company’s stock worth $172,368,000 after purchasing an additional 5,283,562 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of NU by 46.3% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 16,201,381 shares of the company’s stock worth $117,460,000 after purchasing an additional 5,129,796 shares in the last quarter. 80.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on NU shares. UBS Group upped their price objective on NU from $10.50 to $11.50 and gave the stock a “buy” rating in a research note on Monday, January 29th. Susquehanna increased their price target on NU from $11.00 to $12.00 and gave the stock a “positive” rating in a research note on Friday, February 23rd. TheStreet upgraded NU from a “c+” rating to a “b” rating in a research note on Friday, March 8th. Finally, KeyCorp increased their price target on NU from $12.00 to $13.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $10.00.

NU Stock Up 1.6 %

Shares of NYSE NU opened at $11.04 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.38 and a quick ratio of 0.31. The company has a market cap of $51.83 billion, a P/E ratio of 52.57, a PEG ratio of 0.53 and a beta of 1.08. Nu Holdings Ltd. has a 1 year low of $4.94 and a 1 year high of $12.39. The firm has a 50-day simple moving average of $11.33 and a two-hundred day simple moving average of $9.52.

NU (NYSE:NU) last issued its earnings results on Thursday, February 22nd. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). The company had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.39 billion. NU had a return on equity of 20.02% and a net margin of 12.84%. During the same period last year, the business posted $0.03 earnings per share. Research analysts anticipate that Nu Holdings Ltd. will post 0.39 earnings per share for the current year.

About NU

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.