Nu Holdings Ltd. (NYSE:NU - Get Free Report)'s stock price reached a new 52-week high on Friday . The company traded as high as $16.27 and last traded at $16.24, with a volume of 4198357 shares traded. The stock had previously closed at $15.99.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on NU. Bank of America upped their price target on shares of NU from $14.00 to $16.00 and gave the stock a "neutral" rating in a research note on Monday, August 25th. JPMorgan Chase & Co. raised their price target on shares of NU from $16.00 to $17.00 and gave the stock an "overweight" rating in a research note on Friday, September 5th. Susquehanna increased their price objective on shares of NU from $15.00 to $17.00 and gave the stock a "positive" rating in a report on Wednesday, August 27th. Santander upgraded shares of NU to a "neutral" rating in a report on Monday, August 25th. Finally, UBS Group increased their target price on shares of NU from $14.30 to $15.60 and gave the stock a "neutral" rating in a research report on Tuesday, September 2nd. Nine research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.06.
Check Out Our Latest Report on NU
NU Stock Performance
The company has a market capitalization of $77.23 billion, a PE ratio of 34.90, a PEG ratio of 0.83 and a beta of 1.07. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.57 and a current ratio of 0.57. The company has a 50 day moving average price of $13.70 and a 200 day moving average price of $12.50.
NU (NYSE:NU - Get Free Report) last released its earnings results on Thursday, August 14th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. NU had a return on equity of 29.91% and a net margin of 17.90%.The company had revenue of $3.70 billion during the quarter, compared to analysts' expectations of $3.78 billion. During the same period in the prior year, the business posted $0.12 EPS. Equities analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current year.
Institutional Investors Weigh In On NU
Hedge funds have recently added to or reduced their stakes in the stock. Armstrong Advisory Group Inc. bought a new stake in NU in the second quarter valued at $27,000. NBC Securities Inc. grew its holdings in NU by 286,000.0% during the first quarter. NBC Securities Inc. now owns 2,861 shares of the company's stock worth $29,000 after acquiring an additional 2,860 shares during the period. Capital Analysts LLC acquired a new position in NU during the first quarter worth about $31,000. TFC Financial Management Inc. grew its holdings in NU by 74.1% during the first quarter. TFC Financial Management Inc. now owns 3,114 shares of the company's stock worth $32,000 after acquiring an additional 1,325 shares during the period. Finally, ORG Partners LLC increased its stake 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 purchasing an additional 1,920 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors.
NU Company Profile
(
Get Free Report)
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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