NU (NYSE:NU) Sets New 52-Week High - Here's Why

Nu Holdings Ltd. (NYSE:NU - Get Free Report)'s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $12.47 and last traded at $12.43, with a volume of 54670148 shares trading hands. The stock had previously closed at $12.41.

Analyst Upgrades and Downgrades

NU has been the subject of a number of analyst reports. UBS Group reduced their price objective on NU from $15.50 to $15.00 and set a "neutral" rating for the company in a research report on Tuesday, February 18th. Barclays boosted their price target on shares of NU from $15.00 to $16.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Finally, JPMorgan Chase & Co. upgraded shares of NU from a "neutral" rating to an "overweight" rating and cut their price objective for the company from $14.00 to $13.00 in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $15.47.

NU Price Performance

The business has a 50-day simple moving average of $10.97 and a two-hundred day simple moving average of $12.23. 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 stock has a market capitalization of $59.90 billion, a price-to-earnings ratio of 31.08, a P/E/G ratio of 0.48 and a beta of 1.14.

NU (NYSE:NU - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. NU had a return on equity of 30.99% and a net margin of 17.12%. The business had revenue of $2.99 billion during the quarter, compared to analysts' expectations of $3.17 billion. As a group, research analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Institutional Trading of NU

Several institutional investors and hedge funds have recently added to or reduced their stakes in NU. Baader Bank Aktiengesellschaft lifted its position in shares of NU by 19.6% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 355,332 shares of the company's stock valued at $3,680,000 after acquiring an additional 58,183 shares during the last quarter. Baillie Gifford & Co. raised its position in shares of NU by 7.1% during the fourth quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company's stock worth $2,330,786,000 after purchasing an additional 14,875,891 shares during the period. Franklin Resources Inc. lifted its holdings in shares of NU by 5.7% during the third quarter. Franklin Resources Inc. now owns 5,060,504 shares of the company's stock valued at $74,288,000 after purchasing an additional 271,903 shares during the last quarter. Blankinship & Foster LLC acquired a new position in shares of NU in the 3rd quarter valued at $3,212,000. Finally, Barclays PLC increased its stake in NU by 55.7% in the 3rd quarter. Barclays PLC now owns 1,005,022 shares of the company's stock worth $13,718,000 after purchasing an additional 359,733 shares in the last quarter. 84.02% of the stock is owned by institutional investors and hedge funds.

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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