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

Key Points

• Nu Holdings Ltd. has received a consensus rating of "Moderate Buy" from twelve brokerages, with nine analysts recommending buying the stock.
• The average price target for Nu's stock among analysts is $17.06, with several firms adjusting their ratings and target prices in recent months.
• Nu Holdings recently reported a $0.14 earnings per share for the previous quarter, exceeding expectations and showing a year-over-year increase.

Shares of Nu Holdings Ltd. (NYSE:NU - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the twelve ratings firms that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $17.06.

Several brokerages have issued reports on NU. Citigroup raised NU from a "sell" rating to a "buy" rating and raised their target price for the stock from $9.00 to $18.00 in a research report on Wednesday, August 20th. Bank of America raised their price objective on shares of NU from $14.00 to $16.00 and gave the stock a "neutral" rating in a report on Monday, August 25th. Susquehanna upped their target price on shares of NU from $15.00 to $17.00 and gave the company a "positive" rating in a report on Wednesday, August 27th. Morgan Stanley reiterated an "overweight" rating on shares of NU in a research report on Friday, June 13th. Finally, UBS Group boosted their price objective on shares of NU from $14.30 to $15.60 and gave the company a "neutral" rating in a research report on Tuesday, September 2nd.

NU Trading Up 1.5%

Shares of NU stock opened at $15.45 on Wednesday. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.24. NU has a 12-month low of $9.01 and a 12-month high of $16.15. The stock has a market capitalization of $74.45 billion, a P/E ratio of 33.59, a P/E/G ratio of 0.79 and a beta of 1.07. The firm's 50 day moving average is $13.37 and its 200 day moving average is $12.28.

NU (NYSE:NU - Get Free Report) last released its quarterly earnings results on Thursday, August 14th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. The firm had revenue of $3.70 billion for the quarter, compared to analysts' expectations of $3.78 billion. NU had a return on equity of 29.91% and a net margin of 17.90%.During the same period in the prior year, the firm earned $0.12 EPS. Research analysts expect that NU will post 0.58 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in NU. Norges Bank purchased a new position in shares of NU during the 2nd quarter valued at about $626,569,000. Baillie Gifford & Co. raised its stake in NU by 17.9% during the 1st quarter. Baillie Gifford & Co. now owns 265,160,474 shares of the company's stock worth $2,715,243,000 after acquiring an additional 40,181,132 shares during the period. Nuveen LLC purchased a new position in NU during the first quarter valued at approximately $221,317,000. Orbis Allan Gray Ltd bought a new position in shares of NU in the first quarter worth approximately $150,763,000. Finally, Jennison Associates LLC increased its stake in shares of NU by 38.1% in the second quarter. Jennison Associates LLC now owns 41,962,679 shares of the company's stock worth $575,728,000 after purchasing an additional 11,567,865 shares in the last quarter. 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.

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