NU (NYSE:NU) Trading 3.8% Higher Following Analyst Upgrade

Nu Holdings Ltd. (NYSE:NU) rose 3.8% during trading on Tuesday after Jefferies Financial Group raised their price target on the stock from $10.80 to $15.20. Jefferies Financial Group currently has a buy rating on the stock. NU traded as high as $12.32 and last traded at $12.31. Approximately 8,141,789 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 28,436,053 shares. The stock had previously closed at $11.86.

Several other research analysts have also commented on NU. Susquehanna raised their price objective on shares of NU from $12.00 to $14.00 and gave the company a “positive” rating in a research note on Wednesday, May 15th. KeyCorp lifted their price target on shares of NU from $12.00 to $13.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Finally, TheStreet upgraded shares of NU from a “c+” rating to a “b” rating in a research note on Friday, March 8th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, NU currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.29.

Institutional Trading of NU

Several institutional investors have recently modified their holdings of the stock. Capital Research Global Investors lifted its position in shares of NU by 15.7% during the 1st quarter. Capital Research Global Investors now owns 202,618,338 shares of the company’s stock worth $2,417,237,000 after buying an additional 27,420,994 shares during the last quarter. Baillie Gifford & Co. lifted its position in shares of NU by 47.6% during the 1st quarter. Baillie Gifford & Co. now owns 169,450,124 shares of the company’s stock worth $2,021,540,000 after buying an additional 54,681,625 shares during the last quarter. WCM Investment Management LLC lifted its position in shares of NU by 1,157.4% during the 1st quarter. WCM Investment Management LLC now owns 99,965,627 shares of the company’s stock worth $1,192,590,000 after buying an additional 92,015,719 shares during the last quarter. Jennison Associates LLC increased its holdings in shares of NU by 32.4% in the 1st quarter. Jennison Associates LLC now owns 87,155,886 shares of the company’s stock valued at $1,039,770,000 after acquiring an additional 21,342,814 shares during the period. Finally, Sands Capital Management LLC increased its holdings in shares of NU by 92.7% in the 4th quarter. Sands Capital Management LLC now owns 85,220,661 shares of the company’s stock valued at $709,888,000 after acquiring an additional 40,992,413 shares during the period. Hedge funds and other institutional investors own 80.90% of the company’s stock.

NU Stock Up 5.4 %

The business’s fifty day moving average price is $11.58 and its 200 day moving average price is $10.60. The firm has a market capitalization of $59.57 billion, a price-to-earnings ratio of 48.08, a PEG ratio of 0.58 and a beta of 1.13. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.21.

NU (NYSE:NU) last announced its earnings results on Tuesday, May 14th. The company reported $0.09 EPS for the quarter, meeting analysts’ consensus estimates of $0.09. The business had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.58 billion. NU had a net margin of 13.86% and a return on equity of 22.94%. On average, equities analysts expect that Nu Holdings Ltd. will post 0.41 EPS for the current year.

About NU

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.