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

Shares of Nu Holdings Ltd. (NYSE:NU) have received an average rating of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $7.11.

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. upgraded shares of NU from a “neutral” rating to an “overweight” rating and set a $9.00 price target on the stock in a research report on Monday, September 11th. UBS Group boosted their price target on shares of NU from $8.50 to $9.30 and gave the company a “buy” rating in a research report on Monday, August 21st.

NU Stock Performance

Shares of NYSE:NU opened at $7.37 on Friday. The company has a market cap of $34.58 billion, a price-to-earnings ratio of 368.43 and a beta of 1.21. The company has a 50-day moving average price of $7.53 and a 200-day moving average price of $6.43. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.14. NU has a 12 month low of $3.39 and a 12 month high of $8.29.

NU (NYSE:NU) last issued its quarterly earnings data on Tuesday, August 15th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.04 by $0.01. The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.75 billion. NU had a net margin of 1.23% and a return on equity of 11.40%. As a group, equities analysts anticipate that NU will post 0.19 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Baillie Gifford & Co. raised its position in NU by 9.4% in the first quarter. Baillie Gifford & Co. now owns 125,468,140 shares of the company’s stock worth $597,228,000 after acquiring an additional 10,819,286 shares during the period. Capital Research Global Investors increased its stake in shares of NU by 15.4% in the second quarter. Capital Research Global Investors now owns 125,291,570 shares of the company’s stock worth $988,530,000 after purchasing an additional 16,737,962 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of NU by 31.6% in the first quarter. JPMorgan Chase & Co. now owns 72,973,414 shares of the company’s stock worth $347,353,000 after purchasing an additional 17,525,819 shares in the last quarter. Artisan Partners Limited Partnership increased its stake in shares of NU by 2.2% in the second quarter. Artisan Partners Limited Partnership now owns 71,031,377 shares of the company’s stock worth $560,438,000 after purchasing an additional 1,521,700 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of NU by 114.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 65,740,183 shares of the company’s stock worth $267,563,000 after purchasing an additional 35,079,798 shares in the last quarter. 53.73% of the stock is currently owned by institutional investors.

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.