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

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

A number of research firms recently issued reports on NU. Susquehanna lifted their target price on NU from $14.00 to $15.00 and gave the company a "positive" rating in a research report on Wednesday, May 14th. Barclays boosted their price target on NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. Morgan Stanley reissued an "overweight" rating on shares of NU in a report on Friday, June 13th. Finally, JPMorgan Chase & Co. upgraded shares of NU from a "neutral" rating to an "overweight" rating and lowered their target price for the stock from $14.00 to $13.00 in a report on Tuesday, April 8th.

Hedge Funds Weigh In On NU

Several large investors have recently modified their holdings of NU. Baillie Gifford & Co. raised its holdings in NU by 17.9% in the 1st quarter. Baillie Gifford & Co. now owns 265,160,474 shares of the company's stock valued at $2,715,243,000 after acquiring an additional 40,181,132 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of NU by 24.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 54,435,568 shares of the company's stock valued at $557,422,000 after purchasing an additional 10,785,851 shares during the last quarter. Norges Bank bought a new position in shares of NU during the fourth quarter worth approximately $447,762,000. Geode Capital Management LLC lifted its holdings in NU by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 33,777,551 shares of the company's stock worth $348,774,000 after purchasing an additional 1,179,748 shares during the last quarter. Finally, Kontiki Capital Management HK Ltd. boosted its stake in NU by 54.3% in the 1st quarter. Kontiki Capital Management HK Ltd. now owns 32,575,725 shares of the company's stock valued at $333,575,000 after purchasing an additional 11,465,700 shares during the period. 84.02% of the stock is owned by institutional investors.

NU Stock Down 1.3%

NYSE:NU traded down $0.18 during trading hours on Friday, reaching $13.22. 186,365,433 shares of the stock were exchanged, compared to its average volume of 46,967,269. The stock has a market cap of $63.68 billion, a PE ratio of 30.73, a PEG ratio of 0.76 and a beta of 1.04. NU has a twelve month low of $9.01 and a twelve month high of $16.15. The firm has a 50 day moving average of $12.30 and a 200 day moving average of $11.74. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.54 and a quick ratio of 0.54.

NU (NYSE:NU - Get Free Report) last announced its earnings results on Tuesday, May 13th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.01). NU had a return on equity of 30.77% and a net margin of 17.88%. The business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same quarter in the previous year, the company posted $0.09 EPS. On average, equities analysts expect that NU will post 0.58 earnings per share for the current 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.