VIRGINIA RETIREMENT SYSTEMS ET Al Purchases New Shares in Nu Holdings Ltd. $NU

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Nu Holdings Ltd. (NYSE:NU) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 151,500 shares of the company’s stock, valued at approximately $2,079,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Baillie Gifford & Co. increased its stake in NU by 17.9% in the first quarter. Baillie Gifford & Co. now owns 265,160,474 shares of the company’s stock worth $2,715,243,000 after purchasing an additional 40,181,132 shares during the period. Nuveen LLC purchased a new stake in NU in the first quarter worth $221,317,000. Orbis Allan Gray Ltd purchased a new stake in NU in the first quarter worth $150,763,000. Kontiki Capital Management HK Ltd. increased its stake in NU by 54.3% in the first quarter. Kontiki Capital Management HK Ltd. now owns 32,575,725 shares of the company’s stock worth $333,575,000 after purchasing an additional 11,465,700 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in NU by 24.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 54,435,568 shares of the company’s stock worth $557,422,000 after purchasing an additional 10,785,851 shares during the period. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Stock Performance

Shares of NU stock opened at $15.25 on Wednesday. The firm has a market cap of $73.46 billion, a P/E ratio of 33.14, a P/E/G ratio of 0.80 and a beta of 1.08. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.24. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $16.42. The stock’s fifty day moving average price is $14.98 and its 200-day moving average price is $13.24.

NU (NYSE:NU) last announced its quarterly earnings results on Thursday, August 14th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.78 billion. NU had a return on equity of 29.91% and a net margin of 17.90%.During the same quarter last year, the firm posted $0.12 earnings per share. On average, equities research analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

NU has been the topic of a number of recent analyst reports. Bank of America increased their target price on NU from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, August 25th. Santander upgraded NU to a “neutral” rating in a research note on Monday, August 25th. Itau BBA Securities upgraded NU from a “market perform” rating to an “outperform” rating and set a $18.00 target price on the stock in a research note on Monday, August 18th. JPMorgan Chase & Co. raised their price target on NU from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, September 5th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of NU in a research note on Wednesday, October 8th. Nine research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.