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

Shares of Nu Holdings Ltd. (NYSE:NU) have been given an average recommendation of “Moderate Buy” by the fourteen brokerages that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $18.34.

NU has been the topic of a number of recent analyst reports. Santander upgraded NU from a “neutral” rating to an “outperform” rating in a research report on Thursday, December 4th. KeyCorp lifted their price target on shares of NU from $15.00 to $19.00 and gave the company an “overweight” rating in a research note on Friday, November 14th. Zacks Research raised shares of NU from a “hold” rating to a “strong-buy” rating in a report on Friday, January 9th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $21.00 price objective on shares of NU in a report on Thursday, December 18th. Finally, UBS Group lifted their target price on shares of NU from $16.00 to $18.40 and gave the company a “neutral” rating in a research report on Thursday, December 4th.

NU Stock Performance

NU opened at $17.41 on Friday. The firm has a fifty day moving average price of $17.15 and a 200 day moving average price of $15.65. NU has a 1 year low of $9.01 and a 1 year high of $18.98. The stock has a market cap of $83.89 billion, a P/E ratio of 34.14, a P/E/G ratio of 0.55 and a beta of 1.08. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.56 and a quick ratio of 0.56.

NU (NYSE:NU) last released its quarterly earnings data on Thursday, November 13th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. NU had a net margin of 17.97% and a return on equity of 30.12%. The company had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $3.96 billion. Equities research analysts anticipate that NU will post 0.58 earnings per share for the current year.

Institutional Trading of NU

A number of institutional investors have recently made changes to their positions in the company. LOM Asset Management Ltd acquired a new stake in NU during the 4th quarter worth $25,000. Cornerstone Planning Group LLC lifted its stake in shares of NU by 5,448.3% in the fourth quarter. Cornerstone Planning Group LLC now owns 1,609 shares of the company’s stock worth $27,000 after buying an additional 1,580 shares in the last quarter. Jordan Park Group LLC boosted its position 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 last quarter. Morse Asset Management Inc purchased a new stake in NU during the 4th quarter valued at about $31,000. Finally, Quaker Wealth Management LLC grew its stake in NU by 212.7% during the 2nd quarter. Quaker Wealth Management LLC now owns 2,300 shares of the company’s stock valued at $32,000 after acquiring an additional 4,341 shares in the last quarter. 84.02% of the stock is owned by institutional investors and hedge funds.

NU Company Profile

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.