Whittier Trust Co. Buys 40,717 Shares of Nu Holdings Ltd. (NYSE:NU)

Whittier Trust Co. boosted its position in shares of Nu Holdings Ltd. (NYSE:NU) by 50.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 121,513 shares of the company’s stock after buying an additional 40,717 shares during the quarter. Whittier Trust Co.’s holdings in NU were worth $1,259,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Northwest & Ethical Investments L.P. grew its holdings in NU by 7.1% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 232,615 shares of the company’s stock valued at $2,410,000 after purchasing an additional 15,351 shares during the last quarter. Blueshift Asset Management LLC purchased a new position in shares of NU during the fourth quarter valued at approximately $153,000. Royal London Asset Management Ltd. grew its stake in shares of NU by 202.0% during the fourth quarter. Royal London Asset Management Ltd. now owns 3,942,322 shares of the company’s stock valued at $40,842,000 after buying an additional 2,636,869 shares during the last quarter. Investment House LLC raised its holdings in shares of NU by 2.2% in the fourth quarter. Investment House LLC now owns 2,340,942 shares of the company’s stock worth $24,252,000 after buying an additional 51,385 shares during the period. Finally, Glynn Capital Management LLC lifted its stake in shares of NU by 9.5% during the 4th quarter. Glynn Capital Management LLC now owns 1,922,958 shares of the company’s stock worth $19,922,000 after acquiring an additional 166,098 shares during the last quarter. Institutional investors own 84.02% of the company’s stock.

Wall Street Analysts Forecast Growth

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

NU Stock Performance

Shares of NU stock opened at $11.62 on Friday. 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. Nu Holdings Ltd. has a 52-week low of $9.67 and a 52-week high of $16.15. 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 company’s 50 day moving average is $12.05 and its 200 day moving average is $12.87.

NU (NYSE:NU) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.12. The business 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%. On average, sell-side analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

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.