Nu Holdings Ltd. $NU Stake Increased by Whittier Trust Co.

Whittier Trust Co. grew its holdings in Nu Holdings Ltd. (NYSE:NU) by 10.7% in the second quarter, Holdings Channel.com reports. The firm 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 also recently modified their holdings of the company. Armstrong Advisory Group Inc. purchased a new stake in shares of NU in the second quarter valued at $27,000. Capital Analysts LLC purchased a new stake in shares of NU in the first quarter valued at $31,000. TFC Financial Management Inc. increased its stake in shares of NU by 74.1% in the first quarter. TFC Financial Management Inc. now owns 3,114 shares of the company’s stock worth $32,000 after acquiring an additional 1,325 shares during the last quarter. ORG Partners LLC increased its stake in shares of NU by 474.1% in the second quarter. ORG Partners LLC now owns 2,325 shares of the company’s stock worth $32,000 after acquiring an additional 1,920 shares during the last quarter. Finally, Banque Transatlantique SA acquired a new position in shares of NU in the first quarter worth $34,000. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Trading Down 0.6%

Shares of NYSE:NU opened at $15.15 on Thursday. The company 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 stock’s 50-day moving average is $15.03 and its 200-day moving average is $13.25. Nu Holdings Ltd. has a 52-week low of $9.01 and a 52-week high of $16.42. 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 issued its quarterly earnings results on Thursday, August 14th. The company reported $0.14 earnings per share (EPS) 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 the consensus estimate of $3.78 billion. During the same period last year, the business posted $0.12 earnings per share. Equities research analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NU. Santander raised shares of NU to a “neutral” rating in a research note on Monday, August 25th. Itau BBA Securities raised shares of NU from a “market perform” rating to an “outperform” rating and set a $18.00 target price on the stock in a research report on Monday, August 18th. Susquehanna increased their target price on shares of NU from $15.00 to $17.00 and gave the stock a “positive” rating in a research report on Wednesday, August 27th. Citigroup raised shares of NU from a “sell” rating to a “buy” rating and increased their target price for the stock from $9.00 to $18.00 in a research report on Wednesday, August 20th. Finally, Bradesco Corretora raised shares of NU to an “outperform” rating and set a $17.00 target price on the stock in a research report on Monday, August 25th. Nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, NU has a consensus rating of “Moderate Buy” and a consensus target price of $17.10.

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.