Whittier Trust Co. of Nevada Inc. Purchases 12,195 Shares of Nu Holdings Ltd. (NYSE:NU)

Whittier Trust Co. of Nevada Inc. grew its position in shares of Nu Holdings Ltd. (NYSE:NU) by 29.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of NU. Thrivent Financial for Lutherans raised its holdings in shares of NU by 23.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 257,648 shares of the company’s stock worth $3,517,000 after acquiring an additional 48,445 shares during the last quarter. Caprock Group LLC lifted its holdings in shares of NU by 27.0% in the third quarter. Caprock Group LLC now owns 14,815 shares of the company’s stock valued at $202,000 after purchasing an additional 3,152 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of NU by 7.7% during the third quarter. PNC Financial Services Group Inc. now owns 191,642 shares of the company’s stock valued at $2,616,000 after buying an additional 13,653 shares during the last quarter. Avior Wealth Management LLC boosted its position in shares of NU by 51.8% during the third quarter. Avior Wealth Management LLC now owns 9,985 shares of the company’s stock valued at $136,000 after buying an additional 3,409 shares during the last quarter. Finally, Segall Bryant & Hamill LLC bought a new stake in NU during the third quarter worth $446,000. 84.02% of the stock is owned by institutional investors and hedge funds.

NU Price Performance

NU stock opened at $11.62 on Friday. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. The business’s 50 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. The company 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.

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

Wall Street Analyst Weigh In

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

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.