Nu Holdings Ltd. (NYSE:NU) Receives Average Recommendation of "Moderate Buy" from Analysts

Nu Holdings Ltd. (NYSE:NU - Get Free Report) has been assigned an average rating of "Moderate Buy" from the ten ratings firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $15.47.

NU has been the topic of a number of research analyst reports. Barclays increased their target price on NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. UBS Group reduced their price objective on NU from $15.50 to $15.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. upgraded shares of NU from a "neutral" rating to an "overweight" rating and lowered their target price for the company from $14.00 to $13.00 in a research note on Tuesday, April 8th.

NU Stock Up 0.3 %

Shares of NYSE:NU traded up $0.04 during midday trading on Thursday, reaching $12.84. The company had a trading volume of 38,660,842 shares, compared to its average volume of 41,834,367. The stock has a market capitalization of $61.87 billion, a P/E ratio of 32.10, a PEG ratio of 0.48 and a beta of 1.11. The stock's fifty day moving average price is $11.19 and its 200-day moving average price is $12.14. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. NU has a one year low of $9.01 and a one year high of $16.15.

NU (NYSE:NU - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, hitting the consensus estimate of $0.12. NU had a net margin of 17.12% and a return on equity of 30.99%. The company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.17 billion. Equities research analysts expect that NU will post 0.58 earnings per share for the current fiscal year.

Institutional Trading of NU

A number of large investors have recently modified their holdings of NU. Baillie Gifford & Co. increased its stake in shares of NU by 17.9% in the first quarter. Baillie Gifford & Co. now owns 265,160,474 shares of the company's stock valued at $2,715,243,000 after purchasing an additional 40,181,132 shares during the period. Norges Bank acquired a new stake in NU in the 4th quarter valued at approximately $447,762,000. Geode Capital Management LLC raised its stake in NU by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 33,777,551 shares of the company's stock valued at $348,774,000 after acquiring an additional 1,179,748 shares in the last quarter. Northern Trust Corp boosted its position in NU by 45.1% during the 4th quarter. Northern Trust Corp now owns 25,496,091 shares of the company's stock worth $264,140,000 after acquiring an additional 7,930,598 shares during the period. Finally, Ribbit Management Company LLC grew its stake in shares of NU by 22.1% in the fourth quarter. Ribbit Management Company LLC now owns 25,243,753 shares of the company's stock worth $261,525,000 after purchasing an additional 4,575,000 shares in the last quarter. Institutional investors and hedge funds own 84.02% of the company's stock.

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.