NU (NYSE:NU) Given Hold (C) Rating at Weiss Ratings

Key Points

• Weiss Ratings has reiterated a "hold (C)" rating for NU (NYSE:NU), while other brokerages have made positive adjustments, boosting its stock ratings to "buy" or "outperform" and raising price targets to $18.00.
• NU's latest quarterly earnings showed an EPS of $0.14, exceeding estimates, though revenue of $3.70 billion was below expectations of $3.78 billion.
• Institutional investor interest is strong, with 84.02% of NU's stock owned by institutions, and significant increases in holdings reported by several investment groups during the second quarter.

NU (NYSE:NU - Get Free Report)'s stock had its "hold (c)" rating reiterated by equities researchers at Weiss Ratings in a report released on Saturday,Weiss Ratings reports.

Several other brokerages also recently issued reports on NU. Citigroup raised NU from a "sell" rating to a "buy" rating and increased their price objective for the stock from $9.00 to $18.00 in a research note on Wednesday, August 20th. Itau BBA Securities raised NU from a "market perform" rating to an "outperform" rating and set a $18.00 price target for the company in a research note on Monday, August 18th. Susquehanna raised their price target on NU from $15.00 to $17.00 and gave the stock a "positive" rating in a research note on Wednesday, August 27th. JPMorgan Chase & Co. raised their price target on NU from $16.00 to $17.00 and gave the stock an "overweight" rating in a research note on Friday, September 5th. Finally, Santander raised NU to a "neutral" rating in a research note on Monday, August 25th. Nine equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $17.10.

NU Stock Down 0.3%

Shares of NU stock opened at $15.86 on Friday. The stock has a 50-day moving average price of $15.17 and a 200 day moving average price of $13.36. The company has a market cap of $76.40 billion, a P/E ratio of 34.47, a P/E/G ratio of 0.83 and a beta of 1.08. 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 1 year low of $9.01 and a 1 year high of $16.42.

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, topping the consensus estimate of $0.12 by $0.02. The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate 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 business earned $0.12 EPS. As a group, analysts expect that NU will post 0.58 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Armstrong Advisory Group Inc. bought a new position in NU in the 2nd quarter worth approximately $27,000. Quaker Wealth Management LLC increased its position in NU by 212.7% in the 2nd quarter. Quaker Wealth Management LLC now owns 2,300 shares of the company's stock worth $32,000 after buying an additional 4,341 shares during the period. ORG Partners LLC increased its position in NU by 474.1% in the 2nd quarter. ORG Partners LLC now owns 2,325 shares of the company's stock worth $32,000 after buying an additional 1,920 shares during the period. Allworth Financial LP increased its position in NU by 166.6% in the 2nd quarter. Allworth Financial LP now owns 2,562 shares of the company's stock worth $35,000 after buying an additional 1,601 shares during the period. Finally, Ameritas Advisory Services LLC bought a new position in NU in the 2nd quarter worth approximately $36,000. 84.02% of the stock is owned by institutional investors.

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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