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

Nu Holdings Ltd. (NYSE:NU) has earned an average rating of “Moderate Buy” from the fourteen research firms that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $18.26.

Several equities research analysts recently commented on the company. Zacks Research cut NU from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Itau BBA Securities reiterated an “outperform” rating on shares of NU in a research report on Tuesday, March 17th. UBS Group raised NU from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $17.20 to $17.60 in a research note on Thursday, March 19th. 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, Santander raised NU from a “neutral” rating to an “outperform” rating in a research note on Thursday, December 4th.

NU Stock Down 2.9%

NU stock opened at $13.62 on Friday. NU has a 52 week low of $9.01 and a 52 week high of $18.98. The stock has a market cap of $65.61 billion, a price-to-earnings ratio of 23.47, a PEG ratio of 0.53 and a beta of 1.11. The company’s 50-day moving average price is $16.10 and its two-hundred day moving average price is $16.17. The company has a current ratio of 0.58, a quick ratio of 0.56 and a debt-to-equity ratio of 0.39.

NU (NYSE:NU) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. The company had revenue of $4.86 billion during the quarter, compared to analyst estimates of $4.55 billion. NU had a net margin of 18.19% and a return on equity of 30.68%. On average, analysts expect that NU will post 0.58 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the firm’s stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $14.81, for a total transaction of $4,443,000.00. Following the completion of the transaction, the chief executive officer owned 2,312,338 shares in the company, valued at approximately $34,245,725.78. This trade represents a 11.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.20% of the company’s stock.

Institutional Trading of NU

Hedge funds and other institutional investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd boosted its holdings in NU by 14,810.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,491 shares of the company’s stock worth $25,000 after buying an additional 1,481 shares in the last quarter. LOM Asset Management Ltd acquired a new position in NU in the fourth quarter worth approximately $25,000. Zions Bancorporation National Association UT bought a new position in shares of NU in the fourth quarter valued at $27,000. Cornerstone Planning Group LLC lifted its position in shares of NU by 5,448.3% during the 4th 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. Finally, Morse Asset Management Inc acquired a new stake in shares of NU during the 4th quarter valued at $31,000. 84.02% of the stock is currently owned by institutional investors.

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.