UBS Group Cuts NU (NYSE:NU) Price Target to $15.00

NU (NYSE:NU) had its price target cut by UBS Group from $15.50 to $15.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a neutral rating on the stock.

NU has been the topic of a number of other reports. Susquehanna raised their price target on shares of NU from $16.00 to $18.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. The Goldman Sachs Group raised their target price on shares of NU from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. KeyCorp upped their price target on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Itau BBA Securities downgraded NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. Finally, Citigroup cut NU from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $14.60 to $11.00 in a report on Monday, December 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, NU currently has an average rating of “Hold” and a consensus target price of $15.80.

NU Stock Performance

Shares of NYSE:NU opened at $13.33 on Tuesday. NU has a 1 year low of $9.67 and a 1 year high of $16.15. The stock has a market capitalization of $63.51 billion, a price-to-earnings ratio of 37.02, a price-to-earnings-growth ratio of 0.48 and a beta of 1.10. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. The company’s 50 day simple moving average is $11.95 and its 200 day simple moving average is $13.23.

NU (NYSE:NU) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.12. NU had a return on equity of 28.70% and a net margin of 16.28%. As a group, research analysts predict that NU will post 0.42 EPS for the current fiscal year.

Hedge Funds Weigh In On NU

A number of hedge funds have recently made changes to their positions in the stock. Fisher Asset Management LLC acquired a new stake in NU during the 3rd quarter valued at approximately $98,704,000. Thrivent Financial for Lutherans increased its position in shares of NU by 23.2% during the third quarter. Thrivent Financial for Lutherans now owns 257,648 shares of the company’s stock worth $3,517,000 after buying an additional 48,445 shares during the period. Adero Partners LLC raised its stake in NU by 5.7% during the third quarter. Adero Partners LLC now owns 4,819,355 shares of the company’s stock worth $65,784,000 after buying an additional 259,324 shares during the last quarter. Summit Partners Public Asset Management LLC lifted its holdings in NU by 20.0% in the third quarter. Summit Partners Public Asset Management LLC now owns 300,000 shares of the company’s stock valued at $4,095,000 after buying an additional 50,000 shares during the period. Finally, Baader Bank Aktiengesellschaft boosted its position in NU by 19.6% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 355,332 shares of the company’s stock valued at $3,680,000 after acquiring an additional 58,183 shares during the last quarter. 84.02% of the stock is currently owned by institutional investors.

About NU

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.