Fiduciary Trust Co Buys Shares of 20,753 Nu Holdings Ltd. (NYSE:NU)

Fiduciary Trust Co acquired a new position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 20,753 shares of the company's stock, valued at approximately $215,000.

Other institutional investors have also added to or reduced their stakes in the company. Piscataqua Savings Bank lifted its stake in NU by 500.0% in the 4th quarter. Piscataqua Savings Bank now owns 3,000 shares of the company's stock valued at $31,000 after acquiring an additional 2,500 shares in the last quarter. TD Waterhouse Canada Inc. increased its position in shares of NU by 190.8% in the fourth quarter. TD Waterhouse Canada Inc. now owns 4,900 shares of the company's stock valued at $51,000 after acquiring an additional 3,215 shares during the last quarter. Campbell Capital Management Inc. acquired a new position in NU during the fourth quarter valued at approximately $52,000. Cliffwater LLC bought a new position in NU in the fourth quarter valued at approximately $57,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of NU during the 4th quarter worth approximately $62,000. 84.02% of the stock is owned by institutional investors.

NU Price Performance

NYSE NU traded down $0.09 during midday trading on Friday, hitting $13.04. The company had a trading volume of 40,453,732 shares, compared to its average volume of 42,545,888. The firm has a 50-day moving average price of $11.40 and a 200-day moving average price of $12.08. The company has a market capitalization of $62.83 billion, a PE ratio of 32.60, a P/E/G ratio of 0.48 and a beta of 1.11. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. Nu Holdings Ltd. has a twelve month low of $9.01 and a twelve month high of $16.15.

NU (NYSE:NU - Get Free Report) last posted its quarterly earnings results on Tuesday, May 13th. The company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.01). NU had a net margin of 17.12% and a return on equity of 30.99%. The company had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same period last year, the firm earned $0.09 EPS. As a group, analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

NU has been the subject of several recent analyst reports. Barclays increased their price objective on NU from $15.00 to $16.00 and gave the company an "overweight" rating in a report on Friday, April 25th. JPMorgan Chase & Co. raised shares of NU from a "neutral" rating to an "overweight" rating and decreased their price objective for the company from $14.00 to $13.00 in a research report on Tuesday, April 8th. UBS Group dropped their target price on shares of NU from $15.50 to $15.00 and set a "neutral" rating on the stock in a report on Tuesday, February 18th. Finally, Susquehanna raised their target price on shares of NU from $14.00 to $15.00 and gave the company a "positive" rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $15.13.

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.