Strs Ohio Reduces Stock Holdings in Nu Holdings Ltd. (NYSE:NU)

Strs Ohio decreased its stake in Nu Holdings Ltd. (NYSE:NU) by 21.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 81,151 shares of the company’s stock after selling 22,806 shares during the quarter. Strs Ohio’s holdings in NU were worth $675,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Huntington National Bank lifted its holdings in shares of NU by 1,232.5% in the 3rd quarter. Huntington National Bank now owns 4,144 shares of the company’s stock worth $30,000 after buying an additional 3,833 shares during the period. WASHINGTON TRUST Co purchased a new stake in shares of NU in the 3rd quarter worth $49,000. Tennessee Valley Asset Management Partners purchased a new stake in shares of NU in the 4th quarter worth $52,000. UMB Bank n.a. bought a new position in shares of NU in the 4th quarter worth $55,000. Finally, PNC Financial Services Group Inc. raised its position in shares of NU by 37.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 8,339 shares of the company’s stock worth $60,000 after acquiring an additional 2,258 shares in the last quarter. Hedge funds and other institutional investors own 80.90% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on NU. UBS Group boosted their price target on NU from $10.50 to $11.50 and gave the stock a “buy” rating in a research report on Monday, January 29th. TheStreet raised NU from a “c+” rating to a “b” rating in a research report on Friday, March 8th. Susquehanna boosted their price target on NU from $11.00 to $12.00 and gave the stock a “positive” rating in a research report on Friday, February 23rd. Finally, KeyCorp upped their target price on NU from $12.00 to $13.00 and gave the company an “overweight” rating in a research report on Monday. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, NU currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.00.

NU Trading Up 0.8 %

Shares of NYSE:NU opened at $10.86 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.38 and a debt-to-equity ratio of 0.18. The business has a 50-day moving average price of $11.32 and a 200-day moving average price of $9.50. The stock has a market cap of $50.99 billion, a price-to-earnings ratio of 51.72, a PEG ratio of 0.53 and a beta of 1.08. Nu Holdings Ltd. has a 52-week low of $4.91 and a 52-week high of $12.39.

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

NU Profile

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.