Whittier Trust Co. Grows Stake in Nu Holdings Ltd. $NU

Whittier Trust Co. boosted its position in Nu Holdings Ltd. (NYSE:NU) by 10.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 157,862 shares of the company’s stock after purchasing an additional 15,317 shares during the period. Whittier Trust Co.’s holdings in NU were worth $2,166,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. IFM Investors Pty Ltd increased its stake in NU by 46.4% in the 1st quarter. IFM Investors Pty Ltd now owns 107,268 shares of the company’s stock valued at $1,098,000 after purchasing an additional 34,017 shares in the last quarter. Kera Capital Partners Inc. increased its stake in NU by 6.8% in the 2nd quarter. Kera Capital Partners Inc. now owns 530,635 shares of the company’s stock valued at $7,280,000 after purchasing an additional 33,999 shares in the last quarter. LBP AM SA increased its stake in NU by 241.2% in the 2nd quarter. LBP AM SA now owns 824,623 shares of the company’s stock valued at $11,314,000 after purchasing an additional 582,919 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in NU in the 1st quarter valued at approximately $113,000. Finally, Vanguard Personalized Indexing Management LLC increased its stake in NU by 87.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 64,052 shares of the company’s stock valued at $879,000 after purchasing an additional 29,824 shares in the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NU has been the topic of several recent research reports. Itau BBA Securities upgraded NU from a “market perform” rating to an “outperform” rating and set a $18.00 price objective on the stock in a research report on Monday, August 18th. JPMorgan Chase & Co. boosted their price objective on NU from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, September 5th. Bank of America increased their price target on NU from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, August 25th. UBS Group raised their price objective on NU from $15.60 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of NU in a report on Wednesday, October 8th. Nine research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to 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 one year low of $9.01 and a one year high of $16.42. The stock has a fifty day moving average of $15.03 and a 200-day moving average of $13.25. The company has a market capitalization of $72.99 billion, a PE ratio of 32.93, a price-to-earnings-growth ratio of 0.79 and a beta of 1.08. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.57 and a current ratio of 0.57.

NU (NYSE:NU) last announced its quarterly earnings data on Thursday, August 14th. The company reported $0.14 EPS for the quarter, beating 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 the consensus estimate of $3.78 billion. During the same quarter in the prior year, the firm earned $0.12 EPS. As a group, equities analysts anticipate 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.