Nu Holdings Ltd. (NYSE:NU - Get Free Report) shot up 4.9% during mid-day trading on Wednesday . The stock traded as high as $12.50 and last traded at $12.56. 9,965,582 shares changed hands during trading, a decline of 77% from the average session volume of 44,285,646 shares. The stock had previously closed at $11.97.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on NU. Barclays boosted their target price on shares of NU from $15.00 to $16.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. JPMorgan Chase & Co. upgraded shares of NU from a "neutral" rating to an "overweight" rating and cut their target price for the company from $14.00 to $13.00 in a research report on Tuesday, April 8th. Susquehanna boosted their target price on shares of NU from $14.00 to $15.00 and gave the company a "positive" rating in a research report on Wednesday, May 14th. Finally, UBS Group cut their target price on shares of 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 assigned a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $15.13.
Check Out Our Latest Analysis on NU
NU Price Performance
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 $57.45 billion, a PE ratio of 29.81, a P/E/G ratio of 0.48 and a beta of 1.04. The firm's fifty day simple moving average is $11.95 and its two-hundred day simple moving average is $11.71.
NU (NYSE:NU - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.01). NU had a net margin of 17.12% and a return on equity of 30.99%. The firm had revenue of $3.25 billion for the quarter, compared to analysts' expectations of $3.09 billion. During the same period in the prior year, the firm earned $0.09 EPS. As a group, research analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current year.
Hedge Funds Weigh In On NU
Several large investors have recently added to or reduced their stakes in the company. OneAscent Wealth Management LLC lifted its holdings in NU by 6.5% during the fourth quarter. OneAscent Wealth Management LLC now owns 12,481 shares of the company's stock valued at $129,000 after purchasing an additional 760 shares in the last quarter. Focus Partners Advisor Solutions LLC lifted its holdings in shares of NU by 5.5% in the first quarter. Focus Partners Advisor Solutions LLC now owns 15,974 shares of the company's stock worth $164,000 after buying an additional 838 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of NU by 4.9% in the fourth quarter. Blue Trust Inc. now owns 21,784 shares of the company's stock worth $226,000 after buying an additional 1,011 shares in the last quarter. Perigon Wealth Management LLC lifted its holdings in shares of NU by 8.4% in the first quarter. Perigon Wealth Management LLC now owns 14,641 shares of the company's stock worth $150,000 after buying an additional 1,136 shares in the last quarter. Finally, Quarry LP lifted 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 worth $94,000 after buying an additional 1,205 shares in the last quarter. Hedge funds and other institutional investors own 84.02% of the company's stock.
About NU
(
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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