Nu Holdings Ltd. (NYSE:NU) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Nu Holdings Ltd. (NYSE:NU) have received an average recommendation of “Moderate Buy” from the thirteen ratings firms that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $18.04.

Several research firms recently commented on NU. UBS Group upped their price objective on NU from $16.00 to $18.40 and gave the company a “neutral” rating in a research note on Thursday, December 4th. Susquehanna boosted their target price on NU from $17.00 to $19.00 and gave the company a “positive” rating in a research note on Friday, November 14th. Santander raised NU from a “neutral” rating to an “outperform” rating in a research report on Thursday, December 4th. JPMorgan Chase & Co. increased their price target on NU from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of NU in a report on Wednesday, October 8th.

Institutional Trading of NU

Several hedge funds and other institutional investors have recently modified their holdings of NU. State Street Corp boosted its holdings in NU by 0.3% in the 3rd quarter. State Street Corp now owns 91,478,395 shares of the company’s stock worth $1,464,569,000 after buying an additional 239,660 shares during the period. WCM Investment Management LLC lifted its position in shares of NU by 0.9% during the third quarter. WCM Investment Management LLC now owns 74,478,698 shares of the company’s stock worth $1,187,935,000 after acquiring an additional 659,526 shares in the last quarter. Sands Capital Management LLC boosted its holdings in shares of NU by 5.9% in the second quarter. Sands Capital Management LLC now owns 54,504,428 shares of the company’s stock worth $747,801,000 after acquiring an additional 3,060,463 shares during the period. Norges Bank purchased a new position in shares of NU in the second quarter valued at $626,569,000. Finally, Jennison Associates LLC raised its stake in shares of NU by 38.1% during the 2nd quarter. Jennison Associates LLC now owns 41,962,679 shares of the company’s stock valued at $575,728,000 after purchasing an additional 11,567,865 shares during the period. Institutional investors own 84.02% of the company’s stock.

NU Stock Performance

NYSE NU opened at $17.05 on Tuesday. The company has a market capitalization of $82.13 billion, a PE ratio of 33.42, a price-to-earnings-growth ratio of 0.58 and a beta of 1.08. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.56 and a current ratio of 0.56. NU has a 52-week low of $9.01 and a 52-week high of $18.37. The company has a 50-day simple moving average of $16.62 and a 200 day simple moving average of $15.14.

NU (NYSE:NU) last released its earnings results on Thursday, November 13th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. NU had a net margin of 17.97% and a return on equity of 30.12%. The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $3.96 billion. On average, research analysts predict that NU will post 0.58 EPS for the current year.

About NU

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.