NU (NYSE:NU) Shares Up 0.6% – Here’s What Happened

Shares of Nu Holdings Ltd. (NYSE:NU) traded up 0.6% during mid-day trading on Tuesday . The stock traded as high as $14.56 and last traded at $14.45. 3,320,002 shares were traded during trading, a decline of 90% from the average session volume of 31,903,068 shares. The stock had previously closed at $14.37.

Analysts Set New Price Targets

A number of research firms have recently commented on NU. JPMorgan Chase & Co. raised their target price on NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. Bank of America upped their target price on NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. The Goldman Sachs Group lifted their price target on shares of NU from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Susquehanna restated a “positive” rating and set a $16.00 price objective on shares of NU in a research report on Thursday, August 15th. Finally, Barclays increased their price objective on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $15.21.

NU Price Performance

The stock’s fifty day moving average is $14.36 and its 200-day moving average is $13.01. The stock has a market cap of $72.59 billion, a PE ratio of 49.00, a price-to-earnings-growth ratio of 0.65 and a beta of 1.13. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.49 and a quick ratio of 0.49.

NU (NYSE:NU) last announced its quarterly earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. NU had a net margin of 15.11% and a return on equity of 27.00%. The business had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same period last year, the business earned $0.05 earnings per share. As a group, equities analysts anticipate that Nu Holdings Ltd. will post 0.41 EPS for the current year.

Hedge Funds Weigh In On NU

Institutional investors have recently modified their holdings of the business. Capital Research Global Investors grew its stake in shares of NU by 15.7% during the first quarter. Capital Research Global Investors now owns 202,618,338 shares of the company’s stock worth $2,417,237,000 after purchasing an additional 27,420,994 shares in the last quarter. Baillie Gifford & Co. boosted its stake in shares of NU by 13.0% during the third quarter. Baillie Gifford & Co. now owns 210,103,451 shares of the company’s stock worth $2,867,912,000 after buying an additional 24,140,416 shares during the period. American Century Companies Inc. grew its stake in shares of NU by 73.1% in the 2nd quarter. American Century Companies Inc. now owns 17,237,693 shares of the company’s stock valued at $222,194,000 after purchasing an additional 7,279,458 shares during the last quarter. Swiss National Bank acquired a new position in NU in the 3rd quarter valued at $91,860,000. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in NU by 83.9% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 13,839,210 shares of the company’s stock worth $188,905,000 after purchasing an additional 6,313,657 shares in the last quarter. Institutional investors and hedge funds own 80.90% of the company’s stock.

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.