Nu Holdings Ltd. (NYSE:NU) Given Consensus Rating of “Moderate Buy” by Brokerages

Nu Holdings Ltd. (NYSE:NU) has been given a consensus rating of “Moderate Buy” by the ten research firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $15.13.

Several equities analysts have recently issued reports on NU shares. Barclays lifted their price objective on shares of NU from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Friday, April 25th. Morgan Stanley reaffirmed an “overweight” rating on shares of NU in a research report on Friday, June 13th. JPMorgan Chase & Co. raised NU from a “neutral” rating to an “overweight” rating and reduced their price objective for the company from $14.00 to $13.00 in a research report on Tuesday, April 8th. Finally, Susquehanna increased their price objective on NU from $14.00 to $15.00 and gave the stock a “positive” rating in a research note on Wednesday, May 14th.

NU Trading Up 1.1%

Shares of NYSE:NU opened at $13.38 on Friday. The company has a market cap of $64.46 billion, a PE ratio of 31.11, a P/E/G ratio of 0.76 and a beta of 1.04. The company’s 50-day moving average price is $12.30 and its 200 day moving average price is $11.74. NU has a fifty-two week low of $9.01 and a fifty-two week high of $16.15. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.20.

NU (NYSE:NU) last released its quarterly earnings results on Tuesday, May 13th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). NU had a return on equity of 30.77% and a net margin of 17.88%. The company had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter last year, the firm posted $0.09 earnings per share. Sell-side analysts anticipate that NU will post 0.58 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of NU. NBC Securities Inc. boosted its stake in NU by 286,000.0% during the 1st quarter. NBC Securities Inc. now owns 2,861 shares of the company’s stock worth $29,000 after acquiring an additional 2,860 shares during the last quarter. Capital Analysts LLC bought a new position in NU in the first quarter valued at approximately $31,000. TFC Financial Management Inc. lifted its stake in NU by 74.1% in the first quarter. TFC Financial Management Inc. now owns 3,114 shares of the company’s stock valued at $32,000 after buying an additional 1,325 shares in the last quarter. Banque Transatlantique SA bought a new position in NU in the first quarter valued at approximately $34,000. Finally, WPG Advisers LLC bought a new stake in shares of NU in the first quarter worth $38,000. Institutional investors own 84.02% of the company’s stock.

NU Company Profile

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.