First Western Trust Bank Boosts Stake in Nu Holdings Ltd. (NYSE:NU)

First Western Trust Bank raised its position in shares of Nu Holdings Ltd. (NYSE:NU) by 29.9% during the 4th quarter, Holdings Channel reports. The fund owned 22,904 shares of the company’s stock after purchasing an additional 5,276 shares during the period. First Western Trust Bank’s holdings in NU were worth $237,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Piscataqua Savings Bank grew its stake in shares of NU by 500.0% in the 4th quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock worth $31,000 after buying an additional 2,500 shares in the last quarter. Campbell Capital Management Inc. purchased a new position in NU in the fourth quarter worth about $52,000. Whipplewood Advisors LLC bought a new stake in NU during the fourth quarter worth approximately $62,000. Ethos Financial Group LLC purchased a new stake in NU during the fourth quarter valued at approximately $82,000. Finally, Berbice Capital Management LLC bought a new stake in shares of NU in the 4th quarter valued at approximately $93,000. Institutional investors own 84.02% of the company’s stock.

Analyst Upgrades and Downgrades

NU has been the topic of several analyst reports. JPMorgan Chase & Co. decreased their price target on NU from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Monday, February 24th. UBS Group reduced their target price on shares of NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 18th. Finally, Barclays dropped their price target on shares of NU from $17.00 to $15.00 and set an “overweight” rating for the company in a research note on Monday, February 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $15.47.

NU Stock Down 3.2 %

Shares of NYSE NU opened at $10.26 on Friday. Nu Holdings Ltd. has a 52-week low of $9.67 and a 52-week high of $16.15. The firm has a market capitalization of $48.87 billion, a price-to-earnings ratio of 25.64, a PEG ratio of 0.48 and a beta of 1.14. The stock has a 50 day moving average price of $11.92 and a 200 day moving average price of $12.66. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44.

NU (NYSE:NU) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.12. NU had a return on equity of 30.99% and a net margin of 17.12%. The business had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.17 billion. Sell-side analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current 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.