First Hawaiian Bank Has $752,000 Stake in Nu Holdings Ltd. $NU

Key Points

• First Hawaiian Bank has reduced its stake in Nu Holdings Ltd. (NU) by 28.5%, selling 29,323 shares in the first quarter, resulting in a total holding of 73,463 shares valued at $752,000.
• Several institutional investors have increased their positions in NU, with some notably raising their holdings by over 50% during the same quarter.
• NU's latest earnings report showed a profit of $0.14 per share, exceeding expectations, although revenue fell slightly short of analyst estimates at $3.70 billion.

First Hawaiian Bank trimmed its position 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 Securities and Exchange Commission (SEC). The firm 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.

A number of other hedge funds also recently bought and sold shares of NU. NBC Securities Inc. boosted its holdings in NU by 286,000.0% during the first quarter. NBC Securities Inc. now owns 2,861 shares of the company's stock valued at $29,000 after acquiring an additional 2,860 shares during the period. Capital Analysts LLC bought a new stake in NU during the first quarter valued at about $31,000. TFC Financial Management Inc. boosted its holdings in NU by 74.1% during the first quarter. TFC Financial Management Inc. now owns 3,114 shares of the company's stock valued at $32,000 after acquiring an additional 1,325 shares during the period. Banque Transatlantique SA bought a new stake in NU during the first quarter valued at about $34,000. Finally, WPG Advisers LLC bought a new stake in NU during the first quarter valued at about $38,000. 84.02% of the stock is currently owned by institutional investors.

NU Price Performance

NYSE:NU traded up $0.21 during mid-day trading on Friday, hitting $16.20. The company's stock had a trading volume of 55,855,984 shares, compared to its average volume of 44,847,700. Nu Holdings Ltd. has a fifty-two week low of $9.01 and a fifty-two week high of $16.35. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $78.06 billion, a price-to-earnings ratio of 35.22, a P/E/G ratio of 0.83 and a beta of 1.07. The stock has a fifty day moving average of $13.77 and a 200-day moving average of $12.54.

NU (NYSE:NU - Get Free Report) last posted its quarterly earnings results on Thursday, August 14th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.02. NU had a net margin of 17.90% and a return on equity of 29.91%. The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same quarter in the prior year, the business posted $0.12 earnings per share. As a group, equities analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on NU shares. UBS Group upped their price target on shares of NU from $14.30 to $15.60 and gave the company a "neutral" rating in a report on Tuesday, September 2nd. Citigroup upgraded shares of NU from a "sell" rating to a "buy" rating and increased their target price for the company from $9.00 to $18.00 in a research note on Wednesday, August 20th. Bank of America increased their target price on shares of NU from $14.00 to $16.00 and gave the company a "neutral" rating in a research note on Monday, August 25th. Bradesco Corretora upgraded shares of NU to an "outperform" rating and set a $17.00 target price for the company in a research note on Monday, August 25th. Finally, Itau BBA Securities upgraded shares of NU from a "market perform" rating to an "outperform" rating and set a $18.00 target price for the company in a research note on Monday, August 18th. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $17.06.

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.