Susquehanna Issues Positive Forecast for NU (NYSE:NU) Stock Price

NU (NYSE:NU) had its target price lifted by Susquehanna from $16.00 to $18.00 in a research note released on Thursday,Benzinga reports. The brokerage currently has a positive rating on the stock.

Several other research analysts have also commented on the stock. Barclays lifted their price target on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, August 16th. JPMorgan Chase & Co. boosted their price target 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. 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 research note on Friday, August 2nd. KeyCorp upped their price objective on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Bank of America raised their price objective on NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $16.21.

NU Stock Down 7.2 %

Shares of NU stock traded down $1.09 on Thursday, hitting $14.10. 46,030,177 shares of the company’s stock traded hands, compared to its average volume of 32,270,174. The firm’s 50-day moving average is $14.47 and its 200 day moving average is $13.19. NU has a 52-week low of $7.74 and a 52-week high of $16.15. The stock has a market cap of $67.20 billion, a P/E ratio of 38.92, a PEG ratio of 0.71 and a beta of 1.13. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.25.

NU (NYSE:NU) last posted its quarterly earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.02. NU had a return on equity of 29.70% and a net margin of 16.28%. The business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same period in the prior year, the company posted $0.05 EPS. Equities analysts anticipate that NU will post 0.41 earnings per share for the current year.

Institutional Investors Weigh In On NU

A number of hedge funds have recently made changes to their positions in NU. State Street Corp increased its holdings in shares of NU by 105.9% during the third quarter. State Street Corp now owns 78,865,138 shares of the company’s stock worth $1,076,509,000 after buying an additional 40,560,986 shares in the last quarter. Capital Research Global Investors raised 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 valued at $2,417,237,000 after purchasing an additional 27,420,994 shares during the last quarter. Baillie Gifford & Co. boosted its stake in NU by 13.0% in the third 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of NU by 458.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,147,349 shares of the company’s stock worth $193,111,000 after purchasing an additional 11,613,191 shares during the last quarter. Finally, FMR LLC increased its stake in shares of NU by 16.4% in the third quarter. FMR LLC now owns 61,801,891 shares of the company’s stock valued at $843,596,000 after buying an additional 8,728,833 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.