Nu Holdings Ltd. (NYSE:NU) Given Average Recommendation of “Hold” by Analysts

Shares of Nu Holdings Ltd. (NYSE:NU) have been assigned an average rating of “Hold” from the ten brokerages that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $15.47.

A number of equities analysts recently issued reports on the stock. UBS Group dropped their price objective 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. Barclays dropped their price objective on shares of NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a report on Monday, February 24th. JPMorgan Chase & Co. dropped their price objective on shares of NU from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Monday, February 24th. Finally, Citigroup downgraded shares of NU from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $14.60 to $11.00 in a report on Monday, December 2nd.

NU Stock Performance

Shares of NU stock opened at $11.62 on Wednesday. The company has a 50 day moving average price of $12.05 and a 200-day moving average price of $12.85. NU has a 52 week low of $9.67 and a 52 week high of $16.15. The firm has a market capitalization of $55.36 billion, a PE ratio of 29.04, a P/E/G ratio of 0.48 and a beta of 1.14. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20.

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

Hedge Funds Weigh In On NU

Several large investors have recently added to or reduced their stakes in NU. Norges Bank purchased a new position in NU during the fourth quarter valued at approximately $447,762,000. State Street Corp raised its position in shares of NU by 105.9% during the third quarter. State Street Corp now owns 78,865,138 shares of the company’s stock valued at $1,076,509,000 after buying an additional 40,560,986 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of NU by 2,193.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 18,109,184 shares of the company’s stock valued at $187,611,000 after buying an additional 17,319,681 shares during the last quarter. Geode Capital Management LLC raised its position in shares of NU by 104.3% during the third quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company’s stock valued at $442,935,000 after buying an additional 16,638,397 shares during the last quarter. Finally, D1 Capital Partners L.P. bought a new stake in shares of NU during the fourth quarter valued at approximately $154,209,000. Hedge funds and other institutional investors own 84.02% of the company’s stock.

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.