Whittier Trust Co. Grows Stock Position in Nu Holdings Ltd. (NYSE:NU)

Whittier Trust Co. grew its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 16.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 65,618 shares of the company’s stock after purchasing an additional 9,506 shares during the quarter. Whittier Trust Co.’s holdings in NU were worth $846,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC grew its stake in shares of NU by 56.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock valued at $29,000 after acquiring an additional 815 shares during the period. Stokes Family Office LLC grew its stake in shares of NU by 10.0% during the 1st quarter. Stokes Family Office LLC now owns 11,000 shares of the company’s stock valued at $131,000 after acquiring an additional 1,000 shares during the period. Fortis Capital Management LLC grew its stake in shares of NU by 6.6% during the 2nd quarter. Fortis Capital Management LLC now owns 17,330 shares of the company’s stock valued at $223,000 after acquiring an additional 1,072 shares during the period. Yousif Capital Management LLC grew its stake in shares of NU by 5.5% during the 4th quarter. Yousif Capital Management LLC now owns 24,192 shares of the company’s stock valued at $202,000 after acquiring an additional 1,261 shares during the period. Finally, Precision Wealth Strategies LLC grew its stake in shares of NU by 3.2% during the 1st quarter. Precision Wealth Strategies LLC now owns 41,497 shares of the company’s stock valued at $495,000 after acquiring an additional 1,303 shares during the period. Hedge funds and other institutional investors own 80.90% of the company’s stock.

NU Trading Up 0.3 %

NYSE:NU traded up $0.04 during midday trading on Thursday, hitting $14.34. 14,591,547 shares of the company traded hands, compared to its average volume of 29,898,182. The firm’s fifty day moving average is $12.87 and its 200-day moving average is $11.92. Nu Holdings Ltd. has a 12-month low of $6.63 and a 12-month high of $14.85. The firm has a market capitalization of $68.34 billion, a P/E ratio of 55.00, a P/E/G ratio of 0.54 and a beta of 1.13. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.21.

NU (NYSE:NU) last released its quarterly earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.02. NU had a return on equity of 22.94% and a net margin of 13.86%. The company had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same quarter in the prior year, the firm posted $0.05 EPS. On average, sell-side analysts predict that Nu Holdings Ltd. will post 0.41 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on NU shares. UBS Group downgraded NU from a “buy” rating to a “neutral” rating and set a $13.50 price target for the company. in a research note on Friday, August 2nd. JPMorgan Chase & Co. upped their price target on NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. Jefferies Financial Group upped their price target on NU from $10.80 to $15.20 and gave the stock a “buy” rating in a research note on Monday, June 24th. Susquehanna restated a “positive” rating and issued a $16.00 price target on shares of NU in a research note on Thursday, August 15th. Finally, The Goldman Sachs Group upped their price target on NU from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.43.

About NU

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.