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

Key Points

• Nu Holdings Ltd. has received a consensus recommendation of "Moderate Buy" from ten analysts, with an average target price of $15.50.
• Institutional investors own 84.02% of Nu Holdings, with significant increases in stakes from firms like GAMMA Investing LLC and SG Americas Securities LLC.
• In its latest earnings report, Nu Holdings posted $0.14 EPS, surpassing analysts' expectations, while revenue for the quarter was $3.70 billion, slightly below forecasts.

Nu Holdings Ltd. (NYSE:NU - Get Free Report) has been given an average recommendation of "Moderate Buy" by the ten analysts that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $15.50.

NU has been the subject of several research reports. Morgan Stanley reaffirmed an "overweight" rating on shares of NU in a research note on Friday, June 13th. Barclays upped their target price on NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. Susquehanna upped their target price on NU from $14.00 to $15.00 and gave the stock a "positive" rating in a research note on Wednesday, May 14th. Finally, JPMorgan Chase & Co. upped their target price on NU from $14.50 to $16.00 and gave the stock an "overweight" rating in a research note on Monday, June 30th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its stake in shares of NU by 2,069.9% in the first quarter. GAMMA Investing LLC now owns 72,192 shares of the company's stock worth $7,050,000 after buying an additional 68,865 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of NU in the first quarter worth about $113,000. Cetera Investment Advisers boosted its stake in shares of NU by 6.0% in the fourth quarter. Cetera Investment Advisers now owns 194,295 shares of the company's stock worth $2,013,000 after buying an additional 10,955 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of NU by 212.1% in the first quarter. SG Americas Securities LLC now owns 83,401 shares of the company's stock worth $854,000 after buying an additional 56,682 shares during the last quarter. Finally, Unison Asset Management LLC boosted its stake in shares of NU by 3.1% in the first quarter. Unison Asset Management LLC now owns 1,261,650 shares of the company's stock worth $12,798,000 after buying an additional 37,888 shares during the last quarter. 84.02% of the stock is owned by institutional investors and hedge funds.

NU Price Performance

Shares of NYSE:NU opened at $13.08 on Friday. The company's 50-day moving average is $12.76 and its 200 day moving average is $12.16. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.54 and a current ratio of 0.54. The company has a market capitalization of $63.03 billion, a P/E ratio of 28.44, a price-to-earnings-growth ratio of 0.68 and a beta of 1.05. NU has a fifty-two week low of $9.01 and a fifty-two week high of $16.15.

NU (NYSE:NU - Get Free Report) last announced its quarterly earnings data on Thursday, August 14th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.02. NU had a return on equity of 31.42% and a net margin of 17.90%. The business had revenue of $3.70 billion for the quarter, compared to analysts' expectations of $3.78 billion. During the same period in the previous year, the business posted $0.12 EPS. On average, equities research analysts forecast that NU will post 0.58 earnings per share for the current year.

About NU

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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