NU (NYSE:NU) Price Target Raised to $13.00

NU (NYSE:NU) had its price objective increased by KeyCorp from $12.00 to $13.00 in a report released on Monday morning, Benzinga reports. They currently have an overweight rating on the stock.

A number of other research analysts have also issued reports on the company. UBS Group lifted their target price on NU from $10.50 to $11.50 and gave the company a buy rating in a report on Monday, January 29th. Susquehanna boosted their price objective on NU from $11.00 to $12.00 and gave the stock a positive rating in a research report on Friday, February 23rd. Finally, TheStreet raised shares of NU from a c+ rating to a b rating in a report on Friday, March 8th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, NU has an average rating of Moderate Buy and an average price target of $10.00.

NU Price Performance

NU opened at $10.61 on Monday. The firm has a market cap of $49.79 billion, a price-to-earnings ratio of 50.50, a PEG ratio of 0.51 and a beta of 1.08. The company has a current ratio of 0.38, a quick ratio of 0.31 and a debt-to-equity ratio of 0.18. The stock’s 50-day moving average price is $11.28 and its 200 day moving average price is $9.45. NU has a 12-month low of $4.85 and a 12-month high of $12.39.

NU (NYSE:NU) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.01). The business had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.39 billion. NU had a net margin of 12.84% and a return on equity of 20.02%. During the same period in the previous year, the business posted $0.03 EPS. As a group, sell-side analysts expect that NU will post 0.39 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of NU. Raymond James Financial Services Advisors Inc. lifted its position in NU by 793.1% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 129,939 shares of the company’s stock valued at $1,550,000 after acquiring an additional 115,389 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of NU by 3.8% in the 1st quarter. Raymond James & Associates now owns 385,814 shares of the company’s stock valued at $4,603,000 after purchasing an additional 14,085 shares during the last quarter. Financial Perspectives Inc boosted its position in shares of NU by 11.8% in the 1st quarter. Financial Perspectives Inc now owns 25,584 shares of the company’s stock valued at $305,000 after purchasing an additional 2,692 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its stake in NU by 22.3% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 10,159,477 shares of the company’s stock worth $121,203,000 after buying an additional 1,853,273 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in NU by 179.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 8,841 shares of the company’s stock worth $105,000 after buying an additional 5,672 shares during the period. Institutional investors and hedge funds own 80.90% of the company’s stock.

About NU

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.