Susquehanna Boosts NU (NYSE:NU) Price Target to $17.00

Key Points

• Susquehanna has raised the price target for NU Holdings Ltd. (NYSE: NU) from $15.00 to $17.00, indicating a potential upside of 19.01% from its current price.
• Multiple analysts have upgraded NU's ratings recently, with Itau BBA Securities setting a target price of $18.00 and Citigroup increasing it from $9.00 to $18.00.
• NU reported earnings of $0.14 per share for the last quarter, exceeding expectations and reflecting a year-over-year increase from $0.12 per share.

NU (NYSE:NU - Get Free Report) had its price target raised by equities researchers at Susquehanna from $15.00 to $17.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a "positive" rating on the stock. Susquehanna's price target indicates a potential upside of 19.01% from the stock's current price.

Several other research analysts have also recently issued reports on NU. Itau BBA Securities raised shares of NU from a "market perform" rating to an "outperform" rating and set a $18.00 target price for the company in a report on Monday, August 18th. Citigroup upgraded NU from a "sell" rating to a "buy" rating and boosted their price target for the stock from $9.00 to $18.00 in a research note on Wednesday, August 20th. Bradesco Corretora upgraded NU to an "outperform" rating and set a $17.00 price target for the company in a research note on Monday. Bank of America boosted their target price on shares of NU from $14.00 to $16.00 and gave the company a "neutral" rating in a research note on Monday. Finally, Santander upgraded shares of NU to a "neutral" rating in a research note on Monday. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, NU has an average rating of "Moderate Buy" and an average price target of $16.90.

NU Trading Up 0.4%

Shares of NYSE NU opened at $14.29 on Wednesday. The firm has a 50-day moving average of $12.99 and a 200 day moving average of $12.17. NU has a 1 year low of $9.01 and a 1 year high of $16.15. The stock has a market cap of $68.83 billion, a P/E ratio of 31.06, a price-to-earnings-growth ratio of 0.79 and a beta of 1.05. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.57 and a quick ratio of 0.57.

NU (NYSE:NU - Get Free Report) last released its earnings results on Thursday, August 14th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. NU had a net margin of 17.90% and a return on equity of 29.91%. The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same period last year, the business earned $0.12 earnings per share. As a group, sell-side analysts expect that NU will post 0.58 EPS for the current fiscal year.

Institutional Trading of NU

Several institutional investors have recently made changes to their positions in the business. Baillie Gifford & Co. grew its holdings in NU by 17.9% during the 1st quarter. Baillie Gifford & Co. now owns 265,160,474 shares of the company's stock valued at $2,715,243,000 after buying an additional 40,181,132 shares in the last quarter. State Street Corp grew its position in shares of NU by 2.4% during the second quarter. State Street Corp now owns 91,238,735 shares of the company's stock valued at $1,251,795,000 after purchasing an additional 2,158,037 shares in the last quarter. Sands Capital Management LLC grew its position in shares of NU by 5.9% during the second quarter. Sands Capital Management LLC now owns 54,504,428 shares of the company's stock valued at $747,801,000 after purchasing an additional 3,060,463 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of NU by 24.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 54,435,568 shares of the company's stock valued at $557,422,000 after purchasing an additional 10,785,851 shares in the last quarter. Finally, Norges Bank purchased a new position in NU in the second quarter worth about $626,569,000. Hedge funds and other institutional investors own 84.02% of the company's stock.

NU Company Profile

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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