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

Shares of Nu Holdings Ltd. (NYSE:NUGet Free Report) have been given an average recommendation of “Moderate Buy” by the eight research firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $9.67.

A number of brokerages have recently weighed in on NU. TheStreet upgraded shares of NU from a “c+” rating to a “b” rating in a research note on Friday, March 8th. UBS Group boosted their price objective on shares of NU from $10.50 to $11.50 and gave the stock a “buy” rating in a research note on Monday, January 29th. Finally, Susquehanna boosted their price objective on shares of NU from $11.00 to $12.00 and gave the stock a “positive” rating in a research note on Friday, February 23rd.

Check Out Our Latest Stock Analysis on NU

Institutional Investors Weigh In On NU

Several large investors have recently made changes to their positions in the company. Capital Research Global Investors grew its holdings in shares of NU by 20.7% in the 4th quarter. Capital Research Global Investors now owns 175,197,344 shares of the company’s stock worth $1,459,403,000 after purchasing an additional 30,002,685 shares during the last quarter. Sands Capital Management LLC grew its holdings in shares of NU by 92.7% in the 4th quarter. Sands Capital Management LLC now owns 85,220,661 shares of the company’s stock worth $709,888,000 after purchasing an additional 40,992,413 shares during the last quarter. Artisan Partners Limited Partnership grew its holdings in NU by 6.6% during the 3rd quarter. Artisan Partners Limited Partnership now owns 75,703,469 shares of the company’s stock worth $548,850,000 after acquiring an additional 4,672,092 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in NU by 31.6% during the 1st quarter. JPMorgan Chase & Co. now owns 72,973,414 shares of the company’s stock worth $347,353,000 after acquiring an additional 17,525,819 shares during the last quarter. Finally, Jennison Associates LLC grew its holdings in NU by 160.9% during the 4th quarter. Jennison Associates LLC now owns 65,813,072 shares of the company’s stock worth $548,223,000 after acquiring an additional 40,584,189 shares during the last quarter. Institutional investors own 80.90% of the company’s stock.

NU Stock Performance

Shares of NU opened at $11.86 on Wednesday. The company’s 50 day moving average price is $10.73 and its 200 day moving average price is $9.03. NU has a 52 week low of $4.34 and a 52 week high of $12.39. The company has a market capitalization of $55.66 billion, a PE ratio of 56.46, a PEG ratio of 0.58 and a beta of 1.08. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.31 and a current ratio of 0.38.

NU (NYSE:NUGet Free Report) last posted its earnings results on Thursday, February 22nd. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.01). The business had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.39 billion. NU had a return on equity of 20.02% and a net margin of 12.84%. During the same period in the prior year, the firm earned $0.03 earnings per share. Research analysts expect that NU will post 0.39 EPS for the current fiscal year.

NU Company Profile

(Get Free Report

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.

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Analyst Recommendations for NU (NYSE:NU)

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