Nu Holdings Ltd. (NYSE:NU) Shares Acquired by Whittier Trust Co.

Whittier Trust Co. lifted its holdings in Nu Holdings Ltd. (NYSE:NU) by 50.4% in the fourth quarter, Holdings Channel reports. The firm owned 121,513 shares of the company’s stock after buying an additional 40,717 shares during the period. Whittier Trust Co.’s holdings in NU were worth $1,259,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NU. Piscataqua Savings Bank boosted its holdings in NU by 500.0% in the fourth quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock worth $31,000 after acquiring an additional 2,500 shares in the last quarter. Campbell Capital Management Inc. acquired a new stake in NU in the 4th quarter worth approximately $52,000. Whipplewood Advisors LLC purchased a new stake in NU during the 4th quarter worth approximately $62,000. Ethos Financial Group LLC acquired a new position in NU during the 4th quarter valued at approximately $82,000. Finally, Berbice Capital Management LLC purchased a new position in shares of NU in the fourth quarter worth $93,000. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. UBS Group lowered their price objective on shares of NU from $15.50 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. JPMorgan Chase & Co. dropped their price objective on shares of NU from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Monday, February 24th. Citigroup downgraded NU from a “neutral” rating to a “sell” rating and cut their price target for the stock from $14.60 to $11.00 in a research report on Monday, December 2nd. Finally, Barclays lowered their target price on NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a research note on Monday, February 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $15.47.

NU Trading Up 1.9 %

Shares of NU stock opened at $11.62 on Friday. Nu Holdings Ltd. has a fifty-two week low of $9.67 and a fifty-two week high of $16.15. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. The company has a market cap of $55.36 billion, a P/E ratio of 29.04, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. The firm has a 50-day simple moving average of $12.05 and a two-hundred day simple moving average of $12.87.

NU (NYSE:NU) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.12. The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.17 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. As a group, equities analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

About NU

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.