NU (NYSE:NU) Sets New 52-Week High – Here’s What Happened

Nu Holdings Ltd. (NYSE:NU) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $15.16 and last traded at $14.99, with a volume of 4881077 shares. The stock had previously closed at $14.54.

Analyst Ratings Changes

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

NU Trading Up 1.8 %

The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $71.54 billion, a PE ratio of 48.42, a PEG ratio of 0.66 and a beta of 1.15. The business’s 50-day moving average is $14.25 and its two-hundred day moving average is $12.75.

NU (NYSE:NU) last posted its earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.02. The business had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.90 billion. NU had a return on equity of 27.00% and a net margin of 15.11%. During the same period in the previous year, the business earned $0.05 EPS. On average, analysts anticipate that Nu Holdings Ltd. will post 0.41 earnings per share for the current fiscal year.

Institutional Trading of NU

Institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC raised its stake in NU by 56.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock valued at $29,000 after acquiring an additional 815 shares during the last quarter. Marcum Wealth LLC lifted its holdings in shares of NU by 2.5% during the third quarter. Marcum Wealth LLC now owns 37,221 shares of the company’s stock worth $508,000 after purchasing an additional 903 shares during the period. Stokes Family Office LLC grew its position in NU by 10.0% in the 1st quarter. Stokes Family Office LLC now owns 11,000 shares of the company’s stock valued at $131,000 after buying an additional 1,000 shares during the last quarter. Fortis Capital Management LLC increased its stake in NU by 6.6% in the 2nd quarter. Fortis Capital Management LLC now owns 17,330 shares of the company’s stock valued at $223,000 after buying an additional 1,072 shares during the period. Finally, Americana Partners LLC raised its position in NU by 7.8% during the 2nd quarter. Americana Partners LLC now owns 15,449 shares of the company’s stock worth $199,000 after buying an additional 1,115 shares during the last quarter. Hedge funds and other 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.