NU (NYSE:NU) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

NU (NYSE:NU - Free Report) had its price objective upped by JPMorgan Chase & Co. from $14.50 to $16.00 in a report issued on Monday morning,Benzinga reports. They currently have an overweight rating on the stock.

Several other research firms have also recently issued reports on NU. Morgan Stanley reaffirmed an "overweight" rating on shares of NU in a research report on Friday, June 13th. Susquehanna lifted their price target on NU from $14.00 to $15.00 and gave the stock a "positive" rating in a report on Wednesday, May 14th. Finally, Barclays increased their price objective on NU from $15.00 to $16.00 and gave the company an "overweight" rating in a report on Friday, April 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, NU has an average rating of "Moderate Buy" and a consensus price target of $15.50.

NU Stock Down 1.2%

NYSE:NU traded down $0.17 during midday trading on Monday, reaching $13.47. The company had a trading volume of 60,892,667 shares, compared to its average volume of 47,269,851. The firm has a market capitalization of $64.91 billion, a price-to-earnings ratio of 31.33, a PEG ratio of 0.79 and a beta of 1.07. The stock's fifty day simple moving average is $12.46 and its 200-day simple moving average is $11.77. NU has a 12-month low of $9.01 and a 12-month high of $16.15. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.20.

NU (NYSE:NU - Get Free Report) last posted its quarterly earnings results on Tuesday, May 13th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.01). NU had a net margin of 17.88% and a return on equity of 30.77%. The company had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same period in the prior year, the business earned $0.09 EPS. On average, sell-side analysts anticipate that NU will post 0.58 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NU

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NU. OneAscent Wealth Management LLC increased its position in NU by 6.5% in the 4th quarter. OneAscent Wealth Management LLC now owns 12,481 shares of the company's stock valued at $129,000 after acquiring an additional 760 shares during the period. Focus Partners Advisor Solutions LLC grew its stake in shares of NU by 5.5% in the 1st quarter. Focus Partners Advisor Solutions LLC now owns 15,974 shares of the company's stock valued at $164,000 after purchasing an additional 838 shares during the last quarter. Perigon Wealth Management LLC grew its stake in shares of NU by 8.4% in the 1st quarter. Perigon Wealth Management LLC now owns 14,641 shares of the company's stock valued at $150,000 after purchasing an additional 1,136 shares during the last quarter. Quarry LP increased its holdings in shares of NU by 15.3% in the fourth quarter. Quarry LP now owns 9,095 shares of the company's stock valued at $94,000 after purchasing an additional 1,205 shares during the period. Finally, Richards Merrill & Peterson Inc. raised its stake in shares of NU by 43.6% during the first quarter. Richards Merrill & Peterson Inc. now owns 4,115 shares of the company's stock worth $42,000 after purchasing an additional 1,250 shares during the last quarter. Hedge funds and other institutional investors own 84.02% of the company's stock.

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.