Whittier Trust Co. of Nevada Inc. Has $551,000 Position in Nu Holdings Ltd. (NYSE:NU)

Whittier Trust Co. of Nevada Inc. boosted its position in Nu Holdings Ltd. (NYSE:NU) by 29.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,200 shares of the company’s stock after acquiring an additional 12,195 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in NU were worth $551,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in NU. Piscataqua Savings Bank lifted its holdings in shares of 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 during the last quarter. Campbell Capital Management Inc. bought a new position in NU in the 4th quarter valued at approximately $52,000. Whipplewood Advisors LLC acquired a new stake in NU in the fourth quarter valued at approximately $62,000. Ethos Financial Group LLC bought a new stake in shares of NU during the fourth quarter worth $82,000. Finally, Berbice Capital Management LLC acquired a new position in shares of NU during the fourth quarter worth $93,000. 84.02% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

NU Price Performance

NU stock opened at $11.62 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. The firm has a market cap of $55.36 billion, a price-to-earnings ratio of 29.04, a PEG ratio of 0.48 and a beta of 1.14. The company’s fifty day simple moving average is $12.05 and its 200 day simple moving average is $12.86. Nu Holdings Ltd. has a 12-month low of $9.67 and a 12-month high of $16.15.

NU (NYSE:NU) last announced its earnings results on Thursday, February 20th. The company reported $0.12 EPS for the quarter, meeting the consensus estimate of $0.12. The company had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.17 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. On average, analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

NU Company 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.