NU (NYSE:NU) Sets New 1-Year High at $15.10

Nu Holdings Ltd. (NYSE:NU)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $15.10 and last traded at $15.09, with a volume of 6330439 shares changing hands. The stock had previously closed at $14.89.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NU. Jefferies Financial Group increased their target price on shares of NU from $10.80 to $15.20 and gave the stock a “buy” rating in a research report on Monday, June 24th. Susquehanna reaffirmed a “positive” rating and set a $16.00 price objective on shares of NU in a report on Thursday, August 15th. Barclays boosted their target price on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. The Goldman Sachs Group raised their price target on NU from $15.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, July 11th. Finally, Bank of America boosted their price objective on NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $14.08.

NU Price Performance

The company has a fifty day simple moving average of $13.36 and a two-hundred day simple moving average of $12.30. The stock has a market capitalization of $72.16 billion, a P/E ratio of 57.42, a PEG ratio of 0.68 and a beta of 1.17. 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 issued 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. NU had a net margin of 15.11% and a return on equity of 27.00%. The company had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the previous year, the company posted $0.05 EPS. Sell-side analysts expect that Nu Holdings Ltd. will post 0.4 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC boosted its position in shares of NU by 56.2% during the second quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock worth $29,000 after purchasing an additional 815 shares in the last quarter. ORG Partners LLC acquired a new position in NU in the second quarter valued at about $54,000. Opal Wealth Advisors LLC acquired a new stake in shares of NU during the second quarter worth about $88,000. LRI Investments LLC acquired a new stake in shares of NU during the first quarter worth about $91,000. Finally, ProVise Management Group LLC grew its position in shares of NU by 13.5% in the 4th quarter. ProVise Management Group LLC now owns 11,580 shares of the company’s stock valued at $96,000 after purchasing an additional 1,380 shares during the period. Institutional investors own 80.90% of the company’s stock.

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.