Teacher Retirement System of Texas Cuts Stock Position in Nu Holdings Ltd. $NU

Teacher Retirement System of Texas cut its holdings in Nu Holdings Ltd. (NYSE:NU) by 12.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 420,406 shares of the company’s stock after selling 61,597 shares during the quarter. Teacher Retirement System of Texas’ holdings in NU were worth $7,038,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. LOM Asset Management Ltd purchased a new position in shares of NU in the fourth quarter valued at $25,000. VSM Wealth Advisory LLC grew its holdings in shares of NU by 1,000.0% in the third quarter. VSM Wealth Advisory LLC now owns 3,300 shares of the company’s stock valued at $53,000 after purchasing an additional 3,000 shares in the last quarter. Allworth Financial LP grew its holdings in shares of NU by 36.1% in the third quarter. Allworth Financial LP now owns 3,488 shares of the company’s stock valued at $56,000 after purchasing an additional 926 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of NU by 63.5% in the second quarter. EverSource Wealth Advisors LLC now owns 3,768 shares of the company’s stock valued at $52,000 after purchasing an additional 1,464 shares in the last quarter. Finally, Canton Hathaway LLC purchased a new position in shares of NU in the fourth quarter valued at $67,000. 84.02% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other NU news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of NU stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $14.81, for a total transaction of $4,443,000.00. Following the completion of the transaction, the chief executive officer directly owned 2,312,338 shares of the company’s stock, valued at $34,245,725.78. The trade was a 11.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on NU shares. UBS Group raised shares of NU from a “neutral” rating to a “buy” rating and raised their target price for the company from $17.20 to $17.60 in a report on Thursday, March 19th. Susquehanna lifted their price objective on shares of NU from $19.00 to $22.00 and gave the stock a “positive” rating in a research note on Tuesday, January 27th. Itau BBA Securities reaffirmed an “outperform” rating on shares of NU in a research note on Tuesday, March 17th. Zacks Research lowered shares of NU from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Finally, CICC Research initiated coverage on shares of NU in a research note on Tuesday, April 14th. They set an “outperform” rating and a $18.00 price objective for the company. Twelve equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, NU presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.46.

NU Stock Up 0.1%

NYSE NU opened at $14.53 on Monday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.39. The company has a fifty day moving average of $14.93 and a two-hundred day moving average of $16.02. The firm has a market capitalization of $70.53 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 0.59 and a beta of 1.10. Nu Holdings Ltd. has a 52 week low of $11.71 and a 52 week high of $18.98.

NU (NYSE:NU) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.18 by $0.01. The company had revenue of $4.86 billion during the quarter, compared to analyst estimates of $4.55 billion. NU had a net margin of 18.19% and a return on equity of 30.68%. On average, analysts predict that Nu Holdings Ltd. will post 0.84 earnings per share for the current year.

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.