Analysts Set Nu Holdings Ltd. (NYSE:NU) PT at $15.50

Nu Holdings Ltd. (NYSE:NU - Get Free Report) has earned an average recommendation of "Moderate Buy" from the ten analysts that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $15.50.

Several research analysts have weighed in on the company. Barclays lifted their target price on NU from $15.00 to $16.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Morgan Stanley reaffirmed an "overweight" rating on shares of NU in a report on Friday, June 13th. Susquehanna increased their target price on NU from $14.00 to $15.00 and gave the company a "positive" rating in a report on Wednesday, May 14th. Finally, JPMorgan Chase & Co. upped their price objective on shares of NU from $14.50 to $16.00 and gave the company an "overweight" rating in a research note on Monday, June 30th.

NU Stock Down 1.5%

NYSE:NU traded down $0.20 during trading hours on Tuesday, hitting $12.77. The company's stock had a trading volume of 23,822,185 shares, compared to its average volume of 58,276,871. NU has a 52-week low of $9.01 and a 52-week high of $16.15. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $61.51 billion, a P/E ratio of 29.64, a price-to-earnings-growth ratio of 0.72 and a beta of 1.07. The stock has a fifty day moving average of $12.73 and a 200-day moving average of $12.06.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Proficio Capital Partners LLC acquired a new stake in shares of NU in the 4th quarter valued at about $441,000. Raymond James Financial Inc. acquired a new position in NU in the fourth quarter valued at approximately $3,499,000. AXQ Capital LP acquired a new position in NU during the 4th quarter valued at approximately $198,000. KLP Kapitalforvaltning AS bought a new position in NU during the 4th quarter worth $6,614,000. Finally, LPL Financial LLC increased its position in NU by 52.7% in the fourth quarter. LPL Financial LLC now owns 709,287 shares of the company's stock worth $7,348,000 after buying an additional 244,879 shares during the period. Hedge funds and other institutional investors 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.