NU (NYSE:NU) Trading 0.6% Higher – Should You Buy?

Shares of Nu Holdings Ltd. (NYSE:NU) rose 0.6% on Tuesday . The stock traded as high as $14.56 and last traded at $14.45. Approximately 3,320,002 shares traded hands during trading, a decline of 90% from the average daily volume of 31,903,068 shares. The stock had previously closed at $14.37.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NU. JPMorgan Chase & Co. upped their target price on NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. The Goldman Sachs Group increased their price objective on shares of NU from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Bank of America boosted their target price on shares of NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Barclays raised their price target on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Finally, UBS Group downgraded NU from a “buy” rating to a “neutral” rating and set a $13.50 target price on the stock. in a research report on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $15.21.

NU Stock Up 1.6 %

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 company has a market capitalization of $69.58 billion, a price-to-earnings ratio of 46.61, a P/E/G ratio of 0.65 and a beta of 1.13. The business’s 50-day moving average is $14.35 and its 200-day moving average is $12.96.

NU (NYSE:NU) last issued its quarterly earnings data 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. The business had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.90 billion. NU had a return on equity of 27.00% and a net margin of 15.11%. During the same quarter in the previous year, the firm posted $0.05 EPS. As a group, equities analysts predict that Nu Holdings Ltd. will post 0.41 earnings per share for the current year.

Hedge Funds Weigh In On NU

Several large investors have recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in shares of NU by 56.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock worth $29,000 after acquiring an additional 815 shares in the last quarter. Marcum Wealth LLC grew its holdings in NU by 2.5% in the third quarter. Marcum Wealth LLC now owns 37,221 shares of the company’s stock valued at $508,000 after purchasing an additional 903 shares during the period. Stokes Family Office LLC increased its position in shares of NU by 10.0% in the first 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 in the last quarter. Fortis Capital Management LLC raised its stake in shares of NU by 6.6% during the 2nd quarter. Fortis Capital Management LLC now owns 17,330 shares of the company’s stock worth $223,000 after buying an additional 1,072 shares during the period. Finally, Americana Partners LLC lifted its position in shares of NU by 7.8% during the 2nd quarter. Americana Partners LLC now owns 15,449 shares of the company’s stock valued at $199,000 after buying an additional 1,115 shares in the last quarter. 80.90% of the stock is currently owned by institutional investors and hedge funds.

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.