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

Nu Holdings Ltd. (NYSE:NU) has been assigned an average recommendation of “Moderate Buy” from the fourteen research firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $18.34.

Several research firms have commented on NU. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $21.00 price target on shares of NU in a report on Thursday, December 18th. JPMorgan Chase & Co. increased their price target on shares of NU from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Thursday, November 20th. Santander raised NU from a “neutral” rating to an “outperform” rating in a report on Thursday, December 4th. UBS Group upped their price target on NU from $16.00 to $18.40 and gave the company a “neutral” rating in a research report on Thursday, December 4th. Finally, Zacks Research raised shares of NU from a “hold” rating to a “strong-buy” rating in a report on Friday, January 9th.

NU Stock Down 2.9%

Shares of NU stock opened at $14.76 on Wednesday. NU has a 12 month low of $9.01 and a 12 month high of $18.98. The company has a quick ratio of 0.56, a current ratio of 0.58 and a debt-to-equity ratio of 0.39. The firm has a market cap of $71.10 billion, a PE ratio of 25.44, a price-to-earnings-growth ratio of 0.49 and a beta of 1.11. The stock has a 50 day moving average of $17.07 and a 200-day moving average of $16.19.

NU (NYSE:NU) last released its earnings results on Wednesday, February 25th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.18 by $0.01. The firm had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.55 billion. NU had a net margin of 18.19% and a return on equity of 30.68%. On average, equities analysts predict that NU will post 0.58 EPS for the current year.

Hedge Funds Weigh In On NU

Institutional investors and hedge funds have recently bought and sold shares of the business. LOM Asset Management Ltd bought a new stake in NU during the 4th quarter worth about $25,000. Caitong International Asset Management Co. Ltd increased its stake in shares of NU by 14,810.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,491 shares of the company’s stock valued at $25,000 after buying an additional 1,481 shares during the period. Cornerstone Planning Group LLC boosted its holdings in NU by 5,448.3% in the fourth quarter. Cornerstone Planning Group LLC now owns 1,609 shares of the company’s stock valued at $27,000 after acquiring an additional 1,580 shares during the last quarter. Zions Bancorporation National Association UT bought a new position in shares of NU in the 4th quarter valued at about $27,000. Finally, Jordan Park Group LLC grew its holdings in NU by 129.3% during the 3rd quarter. Jordan Park Group LLC now owns 1,958,842 shares of the company’s stock worth $31,000 after acquiring an additional 1,104,421 shares during the period. Institutional investors and hedge funds own 84.02% of the company’s stock.

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.