Nu Holdings Ltd. (NYSE:NU) Receives $15.13 Consensus Target Price from Analysts

Nu Holdings Ltd. (NYSE:NU - Get Free Report) has received an average rating of "Moderate Buy" from the ten analysts that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $15.13.

NU has been the topic of several recent research reports. JPMorgan Chase & Co. upgraded NU from a "neutral" rating to an "overweight" rating and reduced their price objective for the company from $14.00 to $13.00 in a research report on Tuesday, April 8th. Susquehanna increased their price objective on NU from $14.00 to $15.00 and gave the company a "positive" rating in a research report on Wednesday, May 14th. UBS Group dropped their target price on NU from $15.50 to $15.00 and set a "neutral" rating for the company in a report on Tuesday, February 18th. Finally, Barclays increased their target price on NU from $15.00 to $16.00 and gave the company an "overweight" rating in a report on Friday, April 25th.

Institutional Investors Weigh In On NU

Several institutional investors and hedge funds have recently bought and sold shares of NU. NBC Securities Inc. lifted its holdings in NU by 286,000.0% in the 1st quarter. NBC Securities Inc. now owns 2,861 shares of the company's stock worth $29,000 after buying an additional 2,860 shares during the period. Capital Analysts LLC purchased a new stake in NU in the 1st quarter worth approximately $31,000. TFC Financial Management Inc. lifted its holdings in NU by 74.1% in the 1st quarter. TFC Financial Management Inc. now owns 3,114 shares of the company's stock worth $32,000 after buying an additional 1,325 shares during the period. Banque Transatlantique SA purchased a new stake in NU in the 1st quarter worth approximately $34,000. Finally, WPG Advisers LLC purchased a new stake in NU in the 1st quarter worth approximately $38,000. Hedge funds and other institutional investors own 84.02% of the company's stock.

NU Price Performance

NYSE NU traded down $0.03 during trading on Monday, reaching $11.99. The company's stock had a trading volume of 48,108,190 shares, compared to its average volume of 43,986,544. The stock has a market capitalization of $57.75 billion, a PE ratio of 29.96, a P/E/G ratio of 0.48 and a beta of 1.11. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. The firm has a fifty day moving average of $11.60 and a 200 day moving average of $11.82. NU has a one year low of $9.01 and a one year high of $16.15.

NU (NYSE:NU - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.01). The firm had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.09 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. During the same quarter last year, the company posted $0.09 earnings per share. Analysts expect that NU will post 0.58 EPS for the current fiscal year.

NU Company Profile

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.