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

Nu Holdings Ltd. (NYSE:NU) has earned an average rating of “Moderate Buy” from the thirteen analysts that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $18.04.

A number of research firms have issued reports on NU. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $21.00 price target on shares of NU in a research report on Thursday, December 18th. JPMorgan Chase & Co. upped their target price on shares of NU from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th. Santander raised shares of NU from a “neutral” rating to an “outperform” rating in a report on Thursday, December 4th. UBS Group lifted their price target on shares of NU from $16.00 to $18.40 and gave the stock a “neutral” rating in a research note on Thursday, December 4th. Finally, KeyCorp boosted their price target on shares of NU from $15.00 to $19.00 and gave the stock an “overweight” rating in a report on Friday, November 14th.

NU Stock Performance

Shares of NU stock opened at $17.05 on Tuesday. The firm has a 50 day moving average of $16.62 and a two-hundred day moving average of $15.14. The stock has a market capitalization of $82.13 billion, a PE ratio of 33.42, a P/E/G ratio of 0.58 and a beta of 1.08. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.29. NU has a 52 week low of $9.01 and a 52 week high of $18.37.

NU (NYSE:NU) last posted its quarterly earnings data on Thursday, November 13th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $3.96 billion. NU had a return on equity of 30.12% and a net margin of 17.97%. On average, research analysts predict that NU will post 0.58 EPS for the current fiscal year.

Institutional Trading of NU

A number of hedge funds and other institutional investors have recently bought and sold shares of NU. Armstrong Advisory Group Inc. bought a new position in shares of NU in the second quarter valued at approximately $27,000. Jordan Park Group LLC lifted its holdings in NU by 129.3% during the third quarter. Jordan Park Group LLC now owns 1,958,842 shares of the company’s stock worth $31,000 after acquiring an additional 1,104,421 shares during the period. ORG Partners LLC boosted its position in NU by 474.1% in the second quarter. ORG Partners LLC now owns 2,325 shares of the company’s stock worth $32,000 after purchasing an additional 1,920 shares during the last quarter. Quaker Wealth Management LLC grew its stake in NU by 212.7% in the 2nd quarter. Quaker Wealth Management LLC now owns 2,300 shares of the company’s stock valued at $32,000 after purchasing an additional 4,341 shares during the period. Finally, Allworth Financial LP grew its stake in NU by 166.6% in the 2nd quarter. Allworth Financial LP now owns 2,562 shares of the company’s stock valued at $35,000 after purchasing an additional 1,601 shares during the period. 84.02% of the stock is currently owned by institutional investors and hedge funds.

About NU

Nu Holdings Ltd (NYSE: NU), commonly known by its consumer brand Nubank, is a Latin American financial technology company that provides digital banking and financial services through a mobile-first platform. The company’s core offerings include no-fee digital checking accounts, credit cards, personal loans, payments and transfers, and a range of savings and investment products. Nubank emphasizes a streamlined customer experience delivered via its smartphone app, combined with data-driven underwriting and automated customer service tools.

Founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nu grew rapidly by targeting underbanked and digitally savvy consumers in Latin America with low-fee, transparent products.