NU (NYSE:NU) Upgraded by UBS Group to “Buy” Rating

UBS Group upgraded shares of NU (NYSE:NU) from a neutral rating to a buy rating in a research report report published on Thursday morning, Marketbeat reports. UBS Group currently has $17.60 price target on the stock, up from their prior price target of $17.20.

Several other equities analysts have also recently weighed in on NU. Santander raised NU from a “neutral” rating to an “outperform” rating in a research note on Thursday, December 4th. Weiss Ratings upgraded shares of NU from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 18th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $21.00 price objective on shares of NU in a research report on Thursday, December 18th. Zacks Research upgraded shares of NU from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 9th. Finally, Bank of America reissued a “neutral” rating on shares of NU in a research note on Monday, March 9th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $18.26.

NU Stock Up 1.4%

Shares of NYSE:NU opened at $14.16 on Thursday. The firm has a 50 day simple moving average of $16.43 and a 200 day simple moving average of $16.19. NU has a 52 week low of $9.01 and a 52 week high of $18.98. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.56 and a current ratio of 0.58. The company has a market cap of $68.23 billion, a PE ratio of 24.41, a price-to-earnings-growth ratio of 0.55 and a beta of 1.11.

NU (NYSE:NU) last announced its earnings results on Wednesday, February 25th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.01. The company had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.55 billion. NU had a net margin of 18.19% and a return on equity of 30.68%. As a group, research analysts expect that NU will post 0.58 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Sumitomo Mitsui Trust Group Inc. boosted its holdings in NU by 14.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 13,695,159 shares of the company’s stock valued at $219,259,000 after purchasing an additional 1,703,787 shares during the period. Washington University increased its holdings in shares of NU by 1.5% during the 3rd quarter. Washington University now owns 10,566,927 shares of the company’s stock worth $169,177,000 after purchasing an additional 158,731 shares during the period. Mawer Investment Management Ltd. bought a new position in shares of NU during the 3rd quarter worth about $10,829,000. WCM Investment Management LLC raised its position in shares of NU by 0.9% during the third quarter. WCM Investment Management LLC now owns 74,478,698 shares of the company’s stock valued at $1,187,935,000 after buying an additional 659,526 shares during the last quarter. Finally, Liontrust Investment Partners LLP bought a new stake in shares of NU in the second quarter valued at about $4,490,000. 84.02% of the stock is owned by institutional investors.

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.