First Hawaiian Bank Sells 29,323 Shares of Nu Holdings Ltd. (NYSE:NU)

First Hawaiian Bank lessened its stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 28.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 73,463 shares of the company's stock after selling 29,323 shares during the period. First Hawaiian Bank's holdings in NU were worth $752,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. OneAscent Wealth Management LLC grew its position in shares of NU by 6.5% in the fourth quarter. OneAscent Wealth Management LLC now owns 12,481 shares of the company's stock valued at $129,000 after purchasing an additional 760 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of NU by 4.9% in the 4th quarter. Blue Trust Inc. now owns 21,784 shares of the company's stock valued at $226,000 after purchasing an additional 1,011 shares in the last quarter. Quarry LP lifted its position in NU by 15.3% in the fourth quarter. Quarry LP now owns 9,095 shares of the company's stock valued at $94,000 after purchasing an additional 1,205 shares during the last quarter. Perigon Wealth Management LLC raised its position in NU by 9.9% during the 4th quarter. Perigon Wealth Management LLC now owns 13,505 shares of the company's stock valued at $152,000 after purchasing an additional 1,216 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its stake in NU by 51.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 3,815 shares of the company's stock worth $39,000 after buying an additional 1,295 shares in the last quarter. Institutional investors own 84.02% of the company's stock.

NU Price Performance

Shares of NU traded down $0.05 during midday trading on Wednesday, hitting $11.94. 13,670,143 shares of the company traded hands, compared to its average volume of 43,884,624. The stock has a market cap of $57.53 billion, a price-to-earnings ratio of 29.85, a PEG ratio of 0.48 and a beta of 1.11. The firm has a 50 day moving average of $11.64 and a 200-day moving average of $11.80. 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 Holdings Ltd. has a 52 week low of $9.01 and a 52 week high of $16.15.

NU (NYSE:NU - Get Free Report) last announced 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 firm had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same period in the previous year, the company posted $0.09 earnings per share. On average, analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NU has been the subject of a number of analyst reports. UBS Group decreased their target price on shares of NU from $15.50 to $15.00 and set a "neutral" rating for the company in a research note on Tuesday, February 18th. JPMorgan Chase & Co. upgraded shares of NU from a "neutral" rating to an "overweight" rating and reduced their price target for the stock from $14.00 to $13.00 in a research note on Tuesday, April 8th. Barclays increased their target price on NU from $15.00 to $16.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Finally, Susquehanna boosted their price objective on shares of NU from $14.00 to $15.00 and gave the company a "positive" rating in a research report on Wednesday, May 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, NU currently has a consensus rating of "Moderate Buy" and a consensus price target 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.