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

Shares of Nu Holdings Ltd. (NYSE:NU) have been assigned a consensus rating of “Moderate Buy” from the eight analysts that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $15.21.

A number of equities research analysts have recently commented on the company. Bank of America lifted their price objective on NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research report on Thursday, September 12th. Barclays lifted their price target on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Susquehanna reiterated a “positive” rating and set a $16.00 price objective on shares of NU in a report on Thursday, August 15th. UBS Group downgraded shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 target price for the company. in a report on Friday, August 2nd. Finally, JPMorgan Chase & Co. increased their price target on shares of NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th.

Hedge Funds Weigh In On NU

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Massmutual Trust Co. FSB ADV lifted its position in NU by 287.9% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock worth $26,000 after acquiring an additional 1,422 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of NU by 56.2% during the second quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock valued at $29,000 after purchasing an additional 815 shares during the period. Carolina Wealth Advisors LLC acquired a new position in shares of NU during the third quarter worth $44,000. ORG Partners LLC purchased a new position in shares of NU in the second quarter valued at $54,000. Finally, Toth Financial Advisory Corp acquired a new stake in NU during the 3rd quarter valued at $55,000. Institutional investors and hedge funds own 80.90% of the company’s stock.

NU Price Performance

NU stock opened at $15.64 on Thursday. The firm’s 50-day moving average is $14.45 and its two-hundred day moving average is $13.17. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.49 and a quick ratio of 0.49. The stock has a market capitalization of $74.54 billion, a P/E ratio of 50.45, a P/E/G ratio of 0.72 and a beta of 1.13. NU has a 12-month low of $7.74 and a 12-month high of $16.15.

NU (NYSE:NU) last released its earnings results on Tuesday, August 13th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.10 by $0.02. NU had a net margin of 15.11% and a return on equity of 27.00%. The firm had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same period in the previous year, the company earned $0.05 EPS. Equities analysts predict that NU will post 0.41 earnings per share for the current year.

NU Company Profile

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.