The Goldman Sachs Group Issues Positive Forecast for NU (NYSE:NU) Stock Price

NU (NYSE:NU) had its target price raised by The Goldman Sachs Group from $17.00 to $19.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. The Goldman Sachs Group’s price target points to a potential upside of 32.68% from the company’s previous close.

A number of other equities research analysts have also issued reports on NU. KeyCorp lifted their target price on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday. UBS Group cut NU from a “buy” rating to a “neutral” rating and set a $13.50 price objective for the company. in a research report on Friday, August 2nd. Barclays upped their target price on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Susquehanna boosted their price target on NU from $16.00 to $18.00 and gave the company a “positive” rating in a research note on Thursday. Finally, Itau BBA Securities lowered shares of NU from an “outperform” rating to a “market perform” rating in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $16.21.

NU Trading Down 8.4 %

NYSE NU traded down $1.32 on Thursday, hitting $14.32. 43,195,324 shares of the stock were exchanged, compared to its average volume of 31,989,424. The company has a market capitalization of $68.25 billion, a price-to-earnings ratio of 46.19, a P/E/G ratio of 0.72 and a beta of 1.13. The company’s 50-day moving average price is $14.45 and its two-hundred day moving average price is $13.17. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.49 and a quick ratio of 0.49. NU has a 52-week low of $7.74 and a 52-week high of $16.15.

NU (NYSE:NU) last announced its quarterly earnings data on Tuesday, August 13th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. The firm had revenue of $2.85 billion during the quarter, compared to analyst estimates 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 company posted $0.05 EPS. Research analysts predict that NU will post 0.41 EPS for the current year.

Hedge Funds Weigh In On NU

Several large investors have recently made changes to their positions in the business. Capital Research Global Investors grew its position in NU by 15.7% in the 1st quarter. Capital Research Global Investors now owns 202,618,338 shares of the company’s stock worth $2,417,237,000 after purchasing an additional 27,420,994 shares during the last quarter. Baillie Gifford & Co. increased its stake in NU by 13.0% during the third quarter. Baillie Gifford & Co. now owns 210,103,451 shares of the company’s stock valued at $2,867,912,000 after acquiring an additional 24,140,416 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in NU by 458.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,147,349 shares of the company’s stock valued at $193,111,000 after acquiring an additional 11,613,191 shares in the last quarter. FMR LLC lifted its position in shares of NU by 16.4% in the 3rd quarter. FMR LLC now owns 61,801,891 shares of the company’s stock worth $843,596,000 after acquiring an additional 8,728,833 shares during the period. Finally, American Century Companies Inc. grew its holdings in shares of NU by 73.1% during the 2nd quarter. American Century Companies Inc. now owns 17,237,693 shares of the company’s stock worth $222,194,000 after purchasing an additional 7,279,458 shares in the last quarter. Institutional investors and hedge funds 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.