Nu Holdings Ltd. (NYSE:NU) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Nu Holdings Ltd. (NYSE:NU) have received an average recommendation of “Moderate Buy” from the ten brokerages that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $15.36.

A number of research firms have weighed in on NU. Barclays cut their price objective on shares of NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a research report on Monday, February 24th. JPMorgan Chase & Co. upgraded shares of NU from a “neutral” rating to an “overweight” rating and cut their price target for the company from $14.00 to $13.00 in a report on Tuesday, April 8th. Finally, UBS Group decreased their price objective 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.

Hedge Funds Weigh In On NU

A number of institutional investors have recently modified their holdings of NU. Baader Bank Aktiengesellschaft increased its holdings in NU by 19.6% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 355,332 shares of the company’s stock worth $3,680,000 after purchasing an additional 58,183 shares during the period. Baillie Gifford & Co. grew its position in shares of NU by 7.1% during the 4th quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company’s stock worth $2,330,786,000 after buying an additional 14,875,891 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of NU by 5.7% during the third quarter. Franklin Resources Inc. now owns 5,060,504 shares of the company’s stock valued at $74,288,000 after buying an additional 271,903 shares during the period. Blankinship & Foster LLC bought a new stake in shares of NU in the third quarter valued at about $3,212,000. Finally, Barclays PLC lifted its stake in NU by 55.7% in the third quarter. Barclays PLC now owns 1,005,022 shares of the company’s stock worth $13,718,000 after acquiring an additional 359,733 shares during the period. 84.02% of the stock is owned by hedge funds and other institutional investors.

NU Stock Performance

Shares of NYSE:NU opened at $10.98 on Friday. The firm has a fifty day simple moving average of $11.27 and a two-hundred day simple moving average of $12.33. NU has a 52 week low of $9.01 and a 52 week high of $16.15. 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 stock has a market capitalization of $52.33 billion, a P/E ratio of 27.45, a PEG ratio of 0.48 and a beta of 1.14.

NU (NYSE:NU) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, hitting the consensus estimate of $0.12. The company had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $3.17 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. On average, analysts expect that NU will post 0.58 earnings per share for the current fiscal year.

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.