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

Nu Holdings Ltd. (NYSE:NU) has received a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $18.26.

A number of research analysts recently commented on NU shares. Itau BBA Securities restated an “outperform” rating on shares of NU in a research note on Tuesday, March 17th. The Goldman Sachs Group reissued a “buy” rating and set a $21.00 price target on shares of NU in a report on Thursday, December 18th. UBS Group upgraded shares of NU from a “neutral” rating to a “buy” rating and upped their price target for the stock from $17.20 to $17.60 in a research report on Thursday, March 19th. Zacks Research cut shares of NU from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Finally, Susquehanna lifted their price objective on shares of NU from $19.00 to $22.00 and gave the company a “positive” rating in a research report on Tuesday, January 27th.

Insider Activity at NU

In other NU news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $14.81, for a total value of $4,443,000.00. Following the sale, the chief executive officer owned 2,312,338 shares in the company, valued at approximately $34,245,725.78. This trade represents a 11.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On NU

Several hedge funds and other institutional investors have recently made changes to their positions in NU. Sowell Financial Services LLC increased its position in NU by 4.8% in the 4th quarter. Sowell Financial Services LLC now owns 12,952 shares of the company’s stock valued at $217,000 after acquiring an additional 599 shares during the period. Parallel Advisors LLC boosted its position in NU by 3.7% during the 4th quarter. Parallel Advisors LLC now owns 16,820 shares of the company’s stock worth $282,000 after acquiring an additional 601 shares during the period. MBM Wealth Consultants LLC grew its stake in shares of NU by 1.2% in the fourth quarter. MBM Wealth Consultants LLC now owns 50,284 shares of the company’s stock worth $842,000 after purchasing an additional 607 shares in the last quarter. Cornerstone Wealth Group LLC grew its stake in shares of NU by 1.2% in the fourth quarter. Cornerstone Wealth Group LLC now owns 51,724 shares of the company’s stock worth $866,000 after purchasing an additional 621 shares in the last quarter. Finally, Aptus Capital Advisors LLC increased its holdings in shares of NU by 3.4% during the fourth quarter. Aptus Capital Advisors LLC now owns 19,008 shares of the company’s stock valued at $318,000 after purchasing an additional 624 shares during the period. 84.02% of the stock is currently owned by institutional investors and hedge funds.

NU Stock Performance

Shares of NU stock opened at $13.62 on Friday. The company has a market cap of $65.61 billion, a P/E ratio of 23.47, a PEG ratio of 0.53 and a beta of 1.11. The business has a 50 day moving average of $16.10 and a two-hundred day moving average of $16.17. NU has a 52 week low of $9.01 and a 52 week high of $18.98. The company has a quick ratio of 0.56, a current ratio of 0.58 and a debt-to-equity ratio of 0.39.

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

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.