25,277 Shares in Nu Holdings Ltd. (NYSE:NU) Purchased by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. bought a new position in shares of Nu Holdings Ltd. (NYSE:NUFree Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 25,277 shares of the company’s stock, valued at approximately $302,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Capital Research Global Investors boosted its holdings in shares of NU by 20.7% during the 4th quarter. Capital Research Global Investors now owns 175,197,344 shares of the company’s stock worth $1,459,403,000 after buying an additional 30,002,685 shares during the period. Baillie Gifford & Co. boosted its holdings in shares of NU by 47.6% during the 1st quarter. Baillie Gifford & Co. now owns 169,450,124 shares of the company’s stock worth $2,021,540,000 after buying an additional 54,681,625 shares during the period. WCM Investment Management LLC boosted its holdings in shares of NU by 1,157.4% during the 1st quarter. WCM Investment Management LLC now owns 99,965,627 shares of the company’s stock worth $1,192,590,000 after buying an additional 92,015,719 shares during the period. Jennison Associates LLC boosted its holdings in shares of NU by 32.4% during the 1st quarter. Jennison Associates LLC now owns 87,155,886 shares of the company’s stock worth $1,039,770,000 after buying an additional 21,342,814 shares during the period. Finally, Sands Capital Management LLC boosted its holdings in NU by 92.7% in the 4th quarter. Sands Capital Management LLC now owns 85,220,661 shares of the company’s stock valued at $709,888,000 after purchasing an additional 40,992,413 shares during the period. Institutional investors own 80.90% of the company’s stock.

NU Price Performance

Shares of NYSE:NU traded up $0.17 during midday trading on Wednesday, hitting $13.32. The stock had a trading volume of 2,166,079 shares, compared to its average volume of 29,033,002. The company’s 50-day moving average price is $11.96 and its 200-day moving average price is $10.91. The company has a market capitalization of $63.48 billion, a P/E ratio of 50.62, a price-to-earnings-growth ratio of 0.60 and a beta of 1.14. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.21. Nu Holdings Ltd. has a fifty-two week low of $6.61 and a fifty-two week high of $13.41.

NU (NYSE:NUGet Free Report) last issued its earnings results on Tuesday, May 14th. The company reported $0.09 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.09. The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.58 billion. NU had a net margin of 13.86% and a return on equity of 22.94%. As a group, equities research analysts predict that Nu Holdings Ltd. will post 0.41 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Susquehanna boosted their price objective on shares of NU from $12.00 to $14.00 and gave the company a “positive” rating in a report on Wednesday, May 15th. KeyCorp boosted their price objective on shares of NU from $12.00 to $13.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Jefferies Financial Group boosted their price objective on shares of NU from $10.80 to $15.20 and gave the company a “buy” rating in a report on Monday, June 24th. Finally, Barclays assumed coverage on shares of NU in a report on Wednesday, June 26th. They issued an “overweight” rating and a $15.00 price objective for the company. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $11.70.

Check Out Our Latest Research Report on NU

NU Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NU (NYSE:NU)

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