NU (NYSE:NU) Price Target Raised to $16.00 at Barclays

NU (NYSE:NU - Free Report) had its price objective increased by Barclays from $15.00 to $16.00 in a research report sent to investors on Friday,Benzinga reports. Barclays currently has an overweight rating on the stock.

NU has been the topic of several other reports. JPMorgan Chase & Co. upgraded shares of NU from a "neutral" rating to an "overweight" rating and cut their price target for the stock from $14.00 to $13.00 in a report on Tuesday, April 8th. UBS Group decreased their target price on NU from $15.50 to $15.00 and set a "neutral" rating for the company in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, NU has an average rating of "Moderate Buy" and an average target price of $15.47.

NU Stock Down 1.0 %

NYSE:NU traded down $0.13 during trading hours on Friday, reaching $12.28. The company had a trading volume of 27,753,689 shares, compared to its average volume of 41,002,652. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. The firm has a market cap of $58.53 billion, a price-to-earnings ratio of 30.70, a P/E/G ratio of 0.48 and a beta of 1.14. The business's 50-day simple moving average is $10.94 and its two-hundred day simple moving average is $12.22. NU has a twelve month low of $9.01 and a twelve month high of $16.15.

NU (NYSE:NU - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.12. The firm had revenue of $2.99 billion during the quarter, compared to analysts' expectations of $3.17 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. On average, equities analysts expect that NU will post 0.58 earnings per share for the current year.

Hedge Funds Weigh In On NU

A number of large investors have recently made changes to their positions in the stock. Nisa Investment Advisors LLC bought a new position in shares of NU in the first quarter worth $61,000. LBP AM SA boosted its stake in NU by 14.8% during the first quarter. LBP AM SA now owns 241,704 shares of the company's stock valued at $2,475,000 after buying an additional 31,201 shares during the period. Flossbach Von Storch SE boosted its stake in NU by 30.9% during the first quarter. Flossbach Von Storch SE now owns 720,000 shares of the company's stock valued at $7,373,000 after buying an additional 170,000 shares during the period. M&T Bank Corp boosted its stake in NU by 11.7% during the first quarter. M&T Bank Corp now owns 334,512 shares of the company's stock valued at $3,426,000 after buying an additional 35,090 shares during the period. Finally, Brown Advisory Inc. boosted its stake in NU by 32.3% during the first quarter. Brown Advisory Inc. now owns 31,371 shares of the company's stock valued at $321,000 after buying an additional 7,664 shares during the period. 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.