NU (NYSE:NU) Sets New 1-Year High – Should You Buy?

Nu Holdings Ltd. (NYSE:NU) reached a new 52-week high during trading on Friday . The company traded as high as $16.27 and last traded at $16.24, with a volume of 4198357 shares. The stock had previously closed at $15.99.

Wall Street Analysts Forecast Growth

NU has been the subject of several recent analyst reports. Bradesco Corretora raised shares of NU to an “outperform” rating and set a $17.00 price objective for the company in a research note on Monday, August 25th. Bank of America lifted their price objective on NU from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, August 25th. Susquehanna upped their price objective on NU from $15.00 to $17.00 and gave the stock a “positive” rating in a report on Wednesday, August 27th. Citigroup upgraded NU from a “sell” rating to a “buy” rating and upped their price target for the stock from $9.00 to $18.00 in a research note on Wednesday, August 20th. Finally, Santander raised NU to a “neutral” rating in a report on Monday, August 25th. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $17.06.

NU Trading Up 1.3%

The firm has a market capitalization of $78.06 billion, a P/E ratio of 35.22, a price-to-earnings-growth ratio of 0.84 and a beta of 1.07. The stock’s 50-day simple moving average is $13.77 and its two-hundred day simple moving average is $12.55. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.57 and a quick ratio of 0.57.

NU (NYSE:NU) last released its quarterly earnings results on Thursday, August 14th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. NU had a net margin of 17.90% and a return on equity of 29.91%. The business had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.78 billion. During the same period last year, the business earned $0.12 EPS. Equities research analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Institutional Investors Weigh In On NU

Institutional investors have recently made changes to their positions in the company. Armstrong Advisory Group Inc. purchased a new stake in shares of NU during the second quarter valued at $27,000. NBC Securities Inc. raised its holdings in NU by 286,000.0% during the first quarter. NBC Securities Inc. now owns 2,861 shares of the company’s stock worth $29,000 after acquiring an additional 2,860 shares in the last quarter. Capital Analysts LLC acquired a new stake in NU during the first quarter worth approximately $31,000. TFC Financial Management Inc. lifted its stake in shares of NU by 74.1% in the 1st quarter. TFC Financial Management Inc. now owns 3,114 shares of the company’s stock valued at $32,000 after acquiring an additional 1,325 shares during the last quarter. Finally, ORG Partners LLC grew its stake in shares of NU by 474.1% in the 2nd quarter. ORG Partners LLC now owns 2,325 shares of the company’s stock valued at $32,000 after buying an additional 1,920 shares during the period. 84.02% of the stock is currently owned by institutional investors.

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.