NU (NYSE:NU) Shares Up 0.5% – Still a Buy?

Nu Holdings Ltd. (NYSE:NU)’s stock price was up 0.5% on Monday . The company traded as high as $14.68 and last traded at $14.52. Approximately 4,462,239 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 32,362,012 shares. The stock had previously closed at $14.45.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on NU shares. Barclays upped 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. 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. JPMorgan Chase & Co. upped their price objective on shares of NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. Bank of America increased their price target on shares of NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. Finally, Susquehanna reiterated a “positive” rating and issued a $16.00 target price on shares of NU in a report on Thursday, August 15th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, NU presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.21.

NU Price Performance

The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.49. The firm has a market capitalization of $69.01 billion, a price-to-earnings ratio of 46.84, a price-to-earnings-growth ratio of 0.67 and a beta of 1.15. The company has a 50-day moving average of $14.12 and a 200-day moving average of $12.69.

NU (NYSE:NU) last released its quarterly earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. The firm 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 quarter in the prior year, the firm posted $0.05 EPS. As a group, research analysts anticipate that Nu Holdings Ltd. will post 0.41 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NU. Public Investment Fund grew its holdings in NU by 223.1% during the second quarter. Public Investment Fund now owns 3,802,480 shares of the company’s stock worth $49,014,000 after purchasing an additional 2,625,500 shares during the period. Bleakley Financial Group LLC acquired a new stake in shares of NU in the 1st quarter valued at $152,000. Tokio Marine Asset Management Co. Ltd. acquired a new stake in shares of NU in the 1st quarter valued at $1,958,000. Handelsbanken Fonder AB boosted its holdings in shares of NU by 1,774.8% in the 3rd quarter. Handelsbanken Fonder AB now owns 907,417 shares of the company’s stock valued at $12,386,000 after purchasing an additional 859,017 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of NU in the 2nd quarter valued at $7,902,000. 80.90% of the stock is owned by institutional investors and hedge funds.

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.