NU (NYSE:NU) Shares Up 2.6% – Still a Buy?

Shares of Nu Holdings Ltd. (NYSE:NU) were up 2.6% on Monday . The company traded as high as $15.70 and last traded at $15.63. Approximately 7,144,188 shares were traded during trading, a decline of 78% from the average daily volume of 31,783,174 shares. The stock had previously closed at $15.23.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Barclays boosted their price objective on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. UBS Group lowered shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 price objective on the stock. in a report on Friday, August 2nd. Susquehanna reaffirmed a “positive” rating and issued a $16.00 target price on shares of NU in a research note on Thursday, August 15th. Bank of America increased their price target on shares of NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, NU has an average rating of “Moderate Buy” and an average price target of $15.21.

NU Stock Down 1.3 %

The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The stock has a market cap of $74.54 billion, a price-to-earnings ratio of 50.84, a price-to-earnings-growth ratio of 0.72 and a beta of 1.13. The business’s fifty day simple moving average is $14.43 and its 200 day simple moving average is $13.15.

NU (NYSE:NU) last posted its earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $2.90 billion. During the same period last year, the business posted $0.05 earnings per share. Equities analysts forecast that Nu Holdings Ltd. will post 0.41 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NU

Several institutional investors have recently modified their holdings of the business. Baillie Gifford & Co. increased its holdings in NU by 13.0% during the 3rd quarter. Baillie Gifford & Co. now owns 210,103,451 shares of the company’s stock worth $2,867,912,000 after purchasing an additional 24,140,416 shares in the last quarter. Capital Research Global Investors grew its holdings in shares of NU by 15.7% during the first quarter. Capital Research Global Investors now owns 202,618,338 shares of the company’s stock worth $2,417,237,000 after buying an additional 27,420,994 shares in the last quarter. Jennison Associates LLC raised its position in NU by 7.1% in the 3rd quarter. Jennison Associates LLC now owns 96,754,946 shares of the company’s stock valued at $1,320,705,000 after buying an additional 6,435,526 shares during the last quarter. FMR LLC lifted its stake in NU by 16.4% in the 3rd quarter. FMR LLC now owns 61,801,891 shares of the company’s stock valued at $843,596,000 after acquiring an additional 8,728,833 shares in the last quarter. Finally, Whale Rock Capital Management LLC boosted its position in NU by 0.8% during the 1st quarter. Whale Rock Capital Management LLC now owns 25,004,827 shares of the company’s stock worth $298,308,000 after acquiring an additional 204,305 shares during the last quarter. Institutional investors own 80.90% of the company’s stock.

About NU

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.