NU (NYSE:NU) Price Target Raised to $16.00

NU (NYSE:NU) had its target price raised by Barclays from $15.00 to $16.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other equities research analysts also recently weighed in on the company. JPMorgan Chase & Co. upgraded NU from a “neutral” rating to an “overweight” rating and lowered their price target for the company from $14.00 to $13.00 in a report on Tuesday, April 8th. UBS Group lowered their target price on shares of NU from $15.50 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $15.47.

NU Stock Up 2.2 %

Shares of NYSE:NU opened at $12.01 on Friday. NU has a 12-month low of $9.01 and a 12-month high of $16.15. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. The firm has a market cap of $57.24 billion, a PE ratio of 30.03, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. The company has a fifty day simple moving average of $10.98 and a 200 day simple moving average of $12.23.

NU (NYSE:NU) last issued its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.12. The business had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.17 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. On average, equities research analysts anticipate that NU will post 0.58 EPS for the current fiscal year.

Institutional Trading of NU

Several hedge funds have recently bought and sold shares of the company. OneAscent Wealth Management LLC raised its holdings in shares of NU by 6.5% during the fourth quarter. OneAscent Wealth Management LLC now owns 12,481 shares of the company’s stock valued at $129,000 after buying an additional 760 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in NU by 1.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 69,110 shares of the company’s stock valued at $716,000 after acquiring an additional 1,000 shares during the period. Arkfeld Wealth Strategies L.L.C. raised its stake in NU by 2.0% during the 4th quarter. Arkfeld Wealth Strategies L.L.C. now owns 52,245 shares of the company’s stock valued at $579,000 after acquiring an additional 1,000 shares in the last quarter. Blue Trust Inc. boosted its position in NU by 4.9% during the 4th quarter. Blue Trust Inc. now owns 21,784 shares of the company’s stock worth $226,000 after acquiring an additional 1,011 shares during the period. Finally, Perigon Wealth Management LLC grew its stake in shares of NU by 8.4% in the first quarter. Perigon Wealth Management LLC now owns 14,641 shares of the company’s stock worth $150,000 after purchasing an additional 1,136 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors.

About NU

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.