Nu Holdings Ltd. (NYSE:NU) Stock Has Average Target Price of $18.25 According to Analysts

Key Points

• Analysts give Nu Holdings a “Moderate Buy” consensus: Of 16 analysts covering the stock, 10 rate it a buy, five a hold, and one a sell. Their average 12-month price target is $18.25.
• Recent analyst targets vary: JPMorgan raised its target to $23, while Wolfe Research cut its target to $17; other cited targets range from $19 to $20.
• Insiders sold a combined 386,707 shares worth about $6.0 million over the past 90 days. Institutional investors own 84.02% of the stock.

Nu Holdings Ltd. (NYSE:NU - Get Free Report) has been given an average recommendation of "Moderate Buy" by the sixteen research firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and ten have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $18.25.

Several equities analysts recently weighed in on NU shares. Rothschild & Co Redburn set a $19.00 price objective on NU in a research report on Monday, September 28th. Wolfe Research lowered their target price on NU from $18.00 to $17.00 and set an "outperform" rating on the stock in a report on Tuesday, August 25th. JPMorgan Chase & Co. lifted their price target on NU from $20.00 to $23.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 6th. Needham & Company LLC reaffirmed a "buy" rating and issued a $19.00 price target on shares of NU in a research report on Monday, September 28th. Finally, Monness Crespi & Hardt initiated coverage on NU in a report on Monday, October 26th. They set a "buy" rating and a $20.00 price target for the company.

Insider Buying and Selling at NU

In related news, insider Henrique Camossa Sald Fragelli sold 221,707 shares of the business's stock in a transaction on Friday, August 14th. The shares were sold at an average price of $15.81, for a total transaction of $3,505,187.67. Following the transaction, the insider owned 979,446 shares of the company's stock, valued at approximately $15,485,041.26. The trade was a 18.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Cristina Junqueira sold 25,000 shares of the business's stock in a transaction on Monday, October 5th. The stock was sold at an average price of $15.01, for a total transaction of $375,250.00. Following the transaction, the chief executive officer directly owned 4,877,593 shares in the company, valued at $73,212,670.93. This trade represents a 0.51% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 386,707 shares of company stock worth $6,001,588. 1.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in NU. Waverly Advisors LLC increased its holdings in NU by 6.4% during the 2nd quarter. Waverly Advisors LLC now owns 12,933 shares of the company's stock valued at $173,000 after purchasing an additional 783 shares in the last quarter. World Investment Advisors grew its holdings in shares of NU by 5.1% during the first quarter. World Investment Advisors now owns 16,370 shares of the company's stock worth $235,000 after purchasing an additional 791 shares during the last quarter. Legacy Wealth Asset Management LLC grew its holdings in shares of NU by 1.9% during the second quarter. Legacy Wealth Asset Management LLC now owns 50,790 shares of the company's stock worth $679,000 after purchasing an additional 935 shares during the last quarter. Harbor Investment Advisory LLC increased its stake in shares of NU by 68.2% in the second quarter. Harbor Investment Advisory LLC now owns 3,010 shares of the company's stock valued at $40,000 after buying an additional 1,220 shares in the last quarter. Finally, AlTi Global Inc. increased its stake in shares of NU by 2.0% in the first quarter. AlTi Global Inc. now owns 65,411 shares of the company's stock valued at $940,000 after buying an additional 1,275 shares in the last quarter. Institutional investors own 84.02% of the company's stock.

NU Stock Performance

Shares of NU opened at $12.01 on Monday. The company has a market capitalization of $58.31 billion, a PE ratio of 16.23, a price-to-earnings-growth ratio of 0.50 and a beta of 0.97. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.55 and a quick ratio of 0.55. NU has a one year low of $11.20 and a one year high of $18.98. The company's fifty day moving average price is $14.01 and its 200 day moving average price is $14.36.

NU (NYSE:NU - Get Free Report) last released its quarterly earnings results on Tuesday, June 30th. The company reported $0.22 earnings per share (EPS) for the quarter. The company had revenue of $5.88 billion during the quarter. NU had a net margin of 18.65% and a return on equity of 31.59%. As a group, analysts expect that NU will post 0.85 earnings per share for the current year.

NU Company Profile

Nu Holdings Ltd., which operates under the Nubank brand, is a digital financial services company founded in Brazil in 2013. It provides banking and related services through mobile apps and other digital channels, with a focus on simplifying access to financial products.

Its offerings include digital accounts, payment cards, credit products, personal loans, and investment services. The company also provides services to small businesses, with products and availability varying by country.

Nu serves customers in Brazil, Mexico, and Colombia.

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