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

Shares of Nu Holdings Ltd. (NYSE:NU) have been given an average recommendation of “Moderate Buy” by the nine brokerages that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $16.21.

NU has been the subject of several analyst reports. The Goldman Sachs Group increased their price target on shares of NU from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. KeyCorp increased their price target on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. lifted their target price on NU from $14.50 to $15.00 and gave the company a “neutral” rating in a report on Monday, August 19th. UBS Group cut shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 target price on the stock. in a report on Friday, August 2nd. Finally, Itau BBA Securities downgraded NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th.

NU Stock Performance

Shares of NU stock opened at $13.32 on Thursday. The business’s 50 day moving average price is $14.45 and its 200 day moving average price is $13.27. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. The company has a market cap of $63.46 billion, a price-to-earnings ratio of 36.99, a PEG ratio of 0.64 and a beta of 1.13. NU has a one year low of $8.04 and a one year high of $16.15.

Institutional Trading of NU

A number of large investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC grew its holdings in shares of NU by 179.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 8,841 shares of the company’s stock worth $105,000 after buying an additional 5,672 shares during the last quarter. Hamilton Lane Advisors LLC raised its position in NU by 97.8% in the first quarter. Hamilton Lane Advisors LLC now owns 500,791 shares of the company’s stock worth $5,974,000 after acquiring an additional 247,642 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of NU in the first quarter valued at about $1,790,000. Oppenheimer & Co. Inc. purchased a new position in NU in the first quarter valued at about $133,000. Finally, US Bancorp DE boosted its stake in shares of NU by 1,241.5% during the 1st quarter. US Bancorp DE now owns 226,036 shares of the company’s stock worth $2,697,000 after acquiring an additional 209,187 shares in the last quarter. Institutional investors and hedge funds 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.