Shares of Nu Holdings Ltd. (NYSE:NU – Get Rating) have been assigned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $7.83.
A number of equities research analysts have weighed in on NU shares. JPMorgan Chase & Co. raised shares of NU from an “underweight” rating to a “neutral” rating in a report on Thursday, December 8th. KeyCorp upped their price target on shares of NU from $5.00 to $6.00 and gave the company an “overweight” rating in a report on Thursday, February 9th. The Goldman Sachs Group cut their price target on shares of NU from $9.00 to $8.00 and set a “buy” rating for the company in a report on Wednesday, March 1st. Finally, Wolfe Research cut their price target on shares of NU from $6.50 to $5.00 in a report on Thursday, January 5th.
NU Stock Up 0.7 %
NU stock opened at $4.52 on Tuesday. The company has a 50-day simple moving average of $4.44 and a 200-day simple moving average of $4.49. The firm has a market capitalization of $20.84 billion, a P/E ratio of -56.50 and a beta of 1.06. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.37 and a current ratio of 0.37. NU has a one year low of $3.26 and a one year high of $8.48.
Institutional Investors Weigh In On NU
A number of hedge funds have recently bought and sold shares of NU. Whittier Trust Co. of Nevada Inc. bought a new stake in NU during the fourth quarter valued at about $26,000. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of NU during the fourth quarter valued at about $38,000. Delta Investment Management LLC acquired a new position in shares of NU during the fourth quarter valued at about $41,000. Resources Investment Advisors LLC. acquired a new position in shares of NU during the third quarter valued at about $44,000. Finally, Orion Portfolio Solutions LLC acquired a new position in shares of NU during the third quarter valued at about $44,000. 47.64% of the stock is currently owned by institutional investors.
NU Company Profile
Nu Holdings Ltd. operates as a digital financial services platform and technology company primarily in Brazil, Mexico, and Colombia. 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.
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