Nu Holdings Ltd. (NYSE:NU) Receives Average Recommendation of “Moderate Buy” from Analysts

Nu Holdings Ltd. (NYSE:NU) has received a consensus recommendation of “Moderate Buy” from the fourteen research firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $18.26.

NU has been the subject of several analyst reports. The Goldman Sachs Group restated a “buy” rating and issued a $21.00 target price on shares of NU in a report on Thursday, December 18th. Itau BBA Securities reissued an “outperform” rating on shares of NU in a research report on Tuesday, March 17th. Weiss Ratings raised shares of NU from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 18th. Bank of America restated a “neutral” rating on shares of NU in a research report on Monday, March 9th. Finally, Zacks Research cut NU from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th.

NU Stock Performance

NYSE:NU opened at $14.15 on Friday. The firm has a market capitalization of $68.20 billion, a PE ratio of 24.40, a PEG ratio of 0.56 and a beta of 1.10. The stock’s fifty day moving average is $15.86 and its 200 day moving average is $16.12. NU has a fifty-two week low of $9.01 and a fifty-two week high of $18.98. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.56 and a current ratio of 0.58.

NU (NYSE:NU) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.18 by $0.01. NU had a net margin of 18.19% and a return on equity of 30.68%. The company had revenue of $4.86 billion during the quarter, compared to analyst estimates of $4.55 billion. On average, sell-side analysts anticipate that NU will post 0.58 earnings per share for the current year.

Insider Transactions at NU

In other NU news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the company’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $14.81, for a total value of $4,443,000.00. Following the transaction, the chief executive officer owned 2,312,338 shares of the company’s stock, valued at $34,245,725.78. This represents a 11.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.20% of the stock is currently owned by insiders.

Institutional Trading of NU

A number of large investors have recently made changes to their positions in NU. Sumitomo Mitsui Trust Group Inc. grew its stake in NU by 14.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 13,695,159 shares of the company’s stock worth $219,259,000 after purchasing an additional 1,703,787 shares in the last quarter. Washington University raised its position in NU by 1.5% during the 3rd quarter. Washington University now owns 10,566,927 shares of the company’s stock valued at $169,177,000 after purchasing an additional 158,731 shares in the last quarter. Mawer Investment Management Ltd. purchased a new stake in shares of NU in the 3rd quarter worth $10,829,000. WCM Investment Management LLC lifted its holdings in shares of NU by 0.9% in the 3rd quarter. WCM Investment Management LLC now owns 74,478,698 shares of the company’s stock worth $1,187,935,000 after buying an additional 659,526 shares during the period. Finally, Liontrust Investment Partners LLP bought a new position in shares of NU during the 2nd quarter worth $4,490,000. 84.02% of the stock is owned by hedge funds and other institutional investors.

NU Company Profile

Nu Holdings Ltd (NYSE: NU), commonly known by its consumer brand Nubank, is a Latin American financial technology company that provides digital banking and financial services through a mobile-first platform. The company’s core offerings include no-fee digital checking accounts, credit cards, personal loans, payments and transfers, and a range of savings and investment products. Nubank emphasizes a streamlined customer experience delivered via its smartphone app, combined with data-driven underwriting and automated customer service tools.

Founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nu grew rapidly by targeting underbanked and digitally savvy consumers in Latin America with low-fee, transparent products.