Nu Holdings Ltd. (NYSE:NU) Receives $15.47 Consensus Target Price from Analysts

Nu Holdings Ltd. (NYSE:NU) has earned an average recommendation of “Hold” from the ten research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $15.47.

Several research firms recently commented on NU. JPMorgan Chase & Co. reduced their target price on NU from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Monday, February 24th. Barclays decreased their price objective on shares of NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a research report on Monday, February 24th. Citigroup lowered shares of NU from a “neutral” rating to a “sell” rating and dropped their target price for the company from $14.60 to $11.00 in a research report on Monday, December 2nd. Finally, UBS Group decreased their price target on shares of NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th.

Hedge Funds Weigh In On NU

A number of large investors have recently added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. grew its stake in shares of NU by 13.2% during the third quarter. Oppenheimer Asset Management Inc. now owns 23,089 shares of the company’s stock valued at $315,000 after buying an additional 2,695 shares during the last quarter. Oppenheimer & Co. Inc. grew its position in NU by 45.1% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 22,163 shares of the company’s stock worth $303,000 after acquiring an additional 6,891 shares during the last quarter. KBC Group NV purchased a new position in NU in the 3rd quarter worth approximately $2,086,000. Huntington National Bank lifted its position in NU by 86.3% in the third quarter. Huntington National Bank now owns 4,601 shares of the company’s stock valued at $63,000 after purchasing an additional 2,131 shares during the last quarter. Finally, Metis Global Partners LLC boosted its stake in shares of NU by 31.1% during the third quarter. Metis Global Partners LLC now owns 17,062 shares of the company’s stock valued at $233,000 after purchasing an additional 4,046 shares during the period. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Trading Down 2.6 %

Shares of NU stock opened at $11.39 on Wednesday. The company’s 50-day moving average price is $12.08 and its 200-day moving average price is $12.81. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. NU has a 12-month low of $9.67 and a 12-month high of $16.15. The company has a market cap of $54.28 billion, a price-to-earnings ratio of 28.48, a PEG ratio of 0.48 and a beta of 1.14.

NU (NYSE:NU) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.12 EPS for the quarter, meeting the consensus estimate of $0.12. The firm had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.17 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. On average, equities analysts expect that NU will post 0.58 earnings per share for the current fiscal year.

NU Company Profile

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.