Nu Holdings Ltd. (NYSE:NU) Receives Average Rating of “Moderate Buy” from Analysts

Nu Holdings Ltd. (NYSE:NU) has received an average recommendation of “Moderate Buy” from the ten ratings firms that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $14.08.

A number of equities analysts have weighed in on NU shares. Jefferies Financial Group upped their price objective on shares of NU from $10.80 to $15.20 and gave the stock a “buy” rating in a research report on Monday, June 24th. Bank of America raised their price target on shares of NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. The Goldman Sachs Group boosted their price objective on NU from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Susquehanna restated a “positive” rating and issued a $16.00 target price on shares of NU in a research report on Thursday, August 15th. Finally, JPMorgan Chase & Co. boosted their price target on NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th.

NU Trading Up 0.4 %

Shares of NU stock opened at $13.87 on Wednesday. The firm has a 50-day simple moving average of $13.60 and a two-hundred day simple moving average of $12.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.49. NU has a fifty-two week low of $6.80 and a fifty-two week high of $15.16. The company has a market cap of $66.10 billion, a P/E ratio of 53.35, a price-to-earnings-growth ratio of 0.67 and a beta of 1.17.

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 company 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 prior year, the firm posted $0.05 EPS. As a group, equities analysts predict that NU will post 0.41 earnings per share for the current fiscal year.

Institutional Trading of NU

Several hedge funds have recently made changes to their positions in the company. Capital Research Global Investors lifted its holdings in NU by 15.7% in the first quarter. Capital Research Global Investors now owns 202,618,338 shares of the company’s stock valued at $2,417,237,000 after acquiring an additional 27,420,994 shares during the last quarter. Baillie Gifford & Co. raised its holdings in NU by 9.7% in the 2nd quarter. Baillie Gifford & Co. now owns 185,963,035 shares of the company’s stock valued at $2,397,064,000 after buying an additional 16,512,911 shares during the period. WCM Investment Management LLC lifted its position in NU by 1,157.4% in the first quarter. WCM Investment Management LLC now owns 99,965,627 shares of the company’s stock valued at $1,192,590,000 after buying an additional 92,015,719 shares during the last quarter. Jennison Associates LLC boosted its stake in NU by 32.4% during the first quarter. Jennison Associates LLC now owns 87,155,886 shares of the company’s stock worth $1,039,770,000 after buying an additional 21,342,814 shares during the period. Finally, Sands Capital Management LLC increased its position in shares of NU by 92.7% during the fourth quarter. Sands Capital Management LLC now owns 85,220,661 shares of the company’s stock valued at $709,888,000 after acquiring an additional 40,992,413 shares during the last quarter. Hedge funds and other institutional investors own 80.90% of the company’s stock.

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.