Nu Holdings Ltd. $NU Holdings Lifted by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 39.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,879 shares of the company’s stock after buying an additional 27,335 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in NU were worth $1,315,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of NU. GAMMA Investing LLC grew its holdings in shares of NU by 111.9% during the first quarter. GAMMA Investing LLC now owns 7,050 shares of the company’s stock valued at $72,000 after buying an additional 3,723 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of NU by 6.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 282,317 shares of the company’s stock valued at $2,891,000 after buying an additional 17,532 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of NU by 463.3% during the first quarter. Janney Montgomery Scott LLC now owns 76,891 shares of the company’s stock valued at $787,000 after buying an additional 63,241 shares in the last quarter. Advisor Resource Council purchased a new position in shares of NU during the first quarter valued at $102,000. Finally, Oppenheimer & Co. Inc. grew its holdings in shares of NU by 12.7% during the first quarter. Oppenheimer & Co. Inc. now owns 66,983 shares of the company’s stock valued at $686,000 after buying an additional 7,556 shares in the last quarter. Hedge funds and other institutional investors own 84.02% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Bradesco Corretora upgraded NU to an “outperform” rating and set a $17.00 price target on the stock in a report on Monday, August 25th. Bank of America lifted their price objective on NU from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, August 25th. JPMorgan Chase & Co. lifted their price objective on NU from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Friday, September 5th. Citigroup raised NU from a “sell” rating to a “buy” rating and lifted their price objective for the company from $9.00 to $18.00 in a research report on Wednesday, August 20th. Finally, Susquehanna lifted their price objective on NU from $15.00 to $17.00 and gave the company a “positive” rating in a research report on Wednesday, August 27th. Nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $17.10.

NU Price Performance

Shares of NYSE:NU opened at $15.15 on Thursday. Nu Holdings Ltd. has a fifty-two week low of $9.01 and a fifty-two week high of $16.42. The business has a 50-day moving average of $15.03 and a two-hundred day moving average of $13.25. The stock has a market capitalization of $72.99 billion, a P/E ratio of 32.93, a P/E/G ratio of 0.79 and a beta of 1.08. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.57 and a quick ratio of 0.57.

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

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.