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

Shares of Nu Holdings Ltd. (NYSE:NU) have earned an average rating of “Moderate Buy” from the fourteen ratings firms that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $18.34.

NU has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised their target price on NU from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Thursday, November 20th. UBS Group increased their price target on shares of NU from $16.00 to $18.40 and gave the stock a “neutral” rating in a research report on Thursday, December 4th. Santander raised shares of NU from a “neutral” rating to an “outperform” rating in a research note on Thursday, December 4th. The Goldman Sachs Group restated a “buy” rating and issued a $21.00 price objective on shares of NU in a report on Thursday, December 18th. Finally, Susquehanna upped their price target on NU from $19.00 to $22.00 and gave the stock a “positive” rating in a report on Tuesday, January 27th.

Institutional Investors Weigh In On NU

A number of hedge funds and other institutional investors have recently modified their holdings of NU. Rathbones Group PLC lifted its holdings in NU by 119.0% in the second quarter. Rathbones Group PLC now owns 147,590 shares of the company’s stock valued at $2,025,000 after acquiring an additional 80,200 shares during the period. Itau Unibanco Holding S.A. purchased a new position in shares of NU in the 2nd quarter valued at about $39,848,000. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of NU by 14.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 13,695,159 shares of the company’s stock valued at $219,259,000 after purchasing an additional 1,703,787 shares during the period. Washington University lifted its stake in shares of NU by 1.5% in the third 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 during the period. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in NU by 39.9% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 95,879 shares of the company’s stock worth $1,315,000 after buying an additional 27,335 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors and hedge funds.

NU Price Performance

NYSE:NU opened at $17.41 on Friday. The stock’s fifty day moving average is $17.15 and its two-hundred day moving average is $15.65. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $83.89 billion, a P/E ratio of 34.14, a P/E/G ratio of 0.55 and a beta of 1.08. NU has a 52 week low of $9.01 and a 52 week high of $18.98.

NU (NYSE:NU) last issued its quarterly earnings data on Thursday, November 13th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $3.96 billion. Equities analysts expect 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.