Whittier Trust Co. of Nevada Inc. Has $1.32 Million Stock Holdings in Nu Holdings Ltd. $NU

Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 39.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 95,879 shares of the company’s stock after acquiring 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 SEC.

Several other large investors have also made changes to their positions in NU. Armstrong Advisory Group Inc. acquired a new position in shares of NU during the 2nd quarter worth about $27,000. Capital Analysts LLC acquired a new position in shares of NU during the 1st quarter worth about $31,000. TFC Financial Management Inc. lifted its position in shares of NU by 74.1% during the 1st quarter. TFC Financial Management Inc. now owns 3,114 shares of the company’s stock worth $32,000 after purchasing an additional 1,325 shares during the last quarter. ORG Partners LLC lifted its position in shares of NU by 474.1% during the 2nd quarter. ORG Partners LLC now owns 2,325 shares of the company’s stock worth $32,000 after purchasing an additional 1,920 shares during the last quarter. Finally, Banque Transatlantique SA acquired a new position in shares of NU during the 1st quarter worth about $34,000. Institutional investors and hedge funds own 84.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on NU shares. Santander raised NU to a “neutral” rating in a research report on Monday, August 25th. Itau BBA Securities upgraded NU from a “market perform” rating to an “outperform” rating and set a $18.00 price target on the stock in a research note on Monday, August 18th. Citigroup upgraded NU from a “sell” rating to a “buy” rating and boosted their price target for the company from $9.00 to $18.00 in a research note on Wednesday, August 20th. UBS Group boosted their price target on NU from $15.60 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Finally, JPMorgan Chase & Co. boosted their price target on NU from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, September 5th. Nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $17.10.

NU Trading Down 0.6%

NU stock opened at $15.15 on Thursday. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $16.42. The firm has a market cap 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 business’s 50 day moving average is $15.03 and its 200-day moving average is $13.25. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.24.

NU (NYSE:NU) last released its quarterly earnings data on Thursday, August 14th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $3.78 billion. During the same period in the prior year, the company posted $0.12 EPS. Equities analysts anticipate 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.