Whittier Trust Co. Increases Stake in Nu Holdings Ltd. (NYSE:NU)

Whittier Trust Co. lifted its position in shares of Nu Holdings Ltd. (NYSE:NU) by 23.1% during the third quarter, Holdings Channel.com reports. The firm owned 80,796 shares of the company’s stock after acquiring an additional 15,178 shares during the period. Whittier Trust Co.’s holdings in NU were worth $1,103,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in NU. Massmutual Trust Co. FSB ADV raised its position in shares of NU by 287.9% in the third quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock worth $26,000 after acquiring an additional 1,422 shares during the period. GAMMA Investing LLC raised its holdings in NU by 56.2% in the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock worth $29,000 after purchasing an additional 815 shares during the period. Carolina Wealth Advisors LLC purchased a new position in NU during the third quarter worth approximately $44,000. Toth Financial Advisory Corp acquired a new stake in NU in the third quarter valued at approximately $55,000. Finally, ORG Partners LLC acquired a new position in shares of NU during the 2nd quarter worth approximately $54,000. 80.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Bank of America boosted their price target on shares of NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Susquehanna reaffirmed a “positive” rating and issued a $16.00 price target on shares of NU in a research note on Thursday, August 15th. Barclays increased their target price on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, August 16th. The Goldman Sachs Group increased their price objective on NU from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Finally, UBS Group cut shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 target price on the stock. in a research note on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, NU presently has an average rating of “Moderate Buy” and a consensus target price of $15.21.

NU Stock Up 0.1 %

Shares of NU opened at $14.55 on Wednesday. The stock has a fifty day simple moving average of $14.16 and a two-hundred day simple moving average of $12.71. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $69.34 billion, a PE ratio of 55.96, a price-to-earnings-growth ratio of 0.67 and a beta of 1.15. Nu Holdings Ltd. has a 52-week low of $7.74 and a 52-week high of $15.16.

NU (NYSE:NU) last issued its earnings results on Tuesday, August 13th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. NU had a net margin of 15.11% and a return on equity of 27.00%. The company had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the previous year, the firm earned $0.05 earnings per share. As a group, equities analysts forecast that Nu Holdings Ltd. will post 0.41 EPS for the current year.

NU Profile

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.