Nu Holdings Ltd. (NYSE:NU) Given Average Recommendation of “Moderate Buy” by Analysts

Nu Holdings Ltd. (NYSE:NU) has earned an average rating of “Moderate Buy” from the nine brokerages that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $13.43.

NU has been the topic of a number of recent research reports. Susquehanna reissued a “positive” rating and set a $16.00 target price on shares of NU in a research report on Thursday, August 15th. Barclays boosted their price objective on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Jefferies Financial Group raised their target price on NU from $10.80 to $15.20 and gave the company a “buy” rating in a research note on Monday, June 24th. UBS Group cut NU from a “buy” rating to a “neutral” rating and set a $13.50 price target on the stock. in a research note on Friday, August 2nd. Finally, JPMorgan Chase & Co. raised their price objective on NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research note on Monday, August 19th.

Hedge Funds Weigh In On NU

Several large investors have recently added to or reduced their stakes in NU. Yousif Capital Management LLC boosted its stake in NU by 5.5% in the fourth quarter. Yousif Capital Management LLC now owns 24,192 shares of the company’s stock valued at $202,000 after acquiring an additional 1,261 shares during the period. Truist Financial Corp increased its position in NU by 514.7% in the fourth quarter. Truist Financial Corp now owns 73,729 shares of the company’s stock worth $614,000 after buying an additional 61,734 shares during the period. Van ECK Associates Corp bought a new stake in NU in the fourth quarter valued at $7,505,000. Natixis Advisors L.P. boosted its holdings in shares of NU by 22.5% during the fourth quarter. Natixis Advisors L.P. now owns 283,701 shares of the company’s stock valued at $2,363,000 after acquiring an additional 52,081 shares during the period. Finally, Los Angeles Capital Management LLC grew its position in shares of NU by 14.1% during the fourth quarter. Los Angeles Capital Management LLC now owns 12,782 shares of the company’s stock worth $106,000 after acquiring an additional 1,579 shares during the last quarter. 80.90% of the stock is currently owned by institutional investors.

NU Stock Down 4.4 %

Shares of NYSE NU opened at $13.71 on Friday. The stock has a fifty day moving average price of $13.15 and a 200 day moving average price of $12.12. The company has a market cap of $65.32 billion, a P/E ratio of 52.71, a P/E/G ratio of 0.72 and a beta of 1.17. NU has a 12-month low of $6.67 and a 12-month high of $15.10. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25.

NU (NYSE:NU) last announced its earnings results on Tuesday, August 13th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. The business had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.90 billion. NU had a return on equity of 27.00% and a net margin of 15.11%. During the same period last year, the business posted $0.05 EPS. Research analysts anticipate that NU will post 0.4 EPS for the current fiscal year.

NU Company Profile

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.