NU (NYSE:NU) Upgraded to Overweight at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of NU (NYSE:NU - Free Report) from a neutral rating to an overweight rating in a report released on Tuesday morning, Marketbeat reports. They currently have $13.00 price objective on the stock, down from their previous price objective of $14.00.

Several other brokerages have also recently weighed in on NU. Barclays reduced their price objective on shares of NU from $17.00 to $15.00 and set an "overweight" rating on the stock in a research note on Monday, February 24th. UBS Group decreased their price target on shares of NU from $15.50 to $15.00 and set a "neutral" rating for the company in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $15.36.

NU Price Performance

NU stock traded up $0.29 during midday trading on Tuesday, reaching $10.54. The company had a trading volume of 55,374,309 shares, compared to its average volume of 39,772,385. The stock has a 50 day moving average price of $11.50 and a 200-day moving average price of $12.40. The company has a market capitalization of $50.25 billion, a price-to-earnings ratio of 26.36, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. NU has a 1-year low of $9.01 and a 1-year 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 EPS for the quarter, meeting the consensus estimate of $0.12. The business had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.17 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. Equities research analysts expect that NU will post 0.58 earnings per share for the current year.

Institutional Investors Weigh In On NU

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. NBC Securities Inc. grew its position in shares of NU by 286,000.0% during the 1st quarter. NBC Securities Inc. now owns 2,861 shares of the company's stock valued at $29,000 after purchasing an additional 2,860 shares in the last quarter. Piscataqua Savings Bank raised its holdings in shares of NU by 500.0% during the 4th quarter. Piscataqua Savings Bank now owns 3,000 shares of the company's stock valued at $31,000 after buying an additional 2,500 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of NU by 51.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 3,815 shares of the company's stock worth $39,000 after acquiring an additional 1,295 shares during the last quarter. Orion Capital Management LLC bought a new position in shares of NU during the fourth quarter valued at about $50,000. Finally, TD Waterhouse Canada Inc. increased its stake in NU by 190.8% in the 4th quarter. TD Waterhouse Canada Inc. now owns 4,900 shares of the company's stock worth $51,000 after purchasing an additional 3,215 shares during the period. 84.02% of the stock is currently 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.