Nu Holdings Ltd. (NYSE:NU) Receives Average Rating of “Hold” from Analysts

Nu Holdings Ltd. (NYSE:NU) has earned a consensus recommendation of “Hold” from the ten research firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $15.80.

A number of research analysts have recently issued reports on the company. The Goldman Sachs Group lifted their price target on NU from $17.00 to $19.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Susquehanna raised their price objective on NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th. Citigroup cut NU from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $14.60 to $11.00 in a research report on Monday, December 2nd. Itau BBA Securities cut NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. Finally, KeyCorp raised their price objective on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th.

Institutional Trading of NU

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fisher Asset Management LLC acquired a new stake in NU during the 3rd quarter worth about $98,704,000. Thrivent Financial for Lutherans lifted its position in NU by 23.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 257,648 shares of the company’s stock worth $3,517,000 after acquiring an additional 48,445 shares during the period. Adero Partners LLC lifted its position in NU by 5.7% during the 3rd quarter. Adero Partners LLC now owns 4,819,355 shares of the company’s stock worth $65,784,000 after acquiring an additional 259,324 shares during the period. Summit Partners Public Asset Management LLC lifted its position in NU by 20.0% during the 3rd quarter. Summit Partners Public Asset Management LLC now owns 300,000 shares of the company’s stock worth $4,095,000 after acquiring an additional 50,000 shares during the period. Finally, Baader Bank Aktiengesellschaft lifted its position in NU by 19.6% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 355,332 shares of the company’s stock worth $3,680,000 after acquiring an additional 58,183 shares during the period. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Trading Down 19.2 %

Shares of NYSE:NU opened at $10.78 on Friday. NU has a 12-month low of $9.67 and a 12-month high of $16.15. The business’s fifty day simple moving average is $11.92 and its 200-day simple moving average is $13.23. The company has a market capitalization of $51.35 billion, a PE ratio of 29.93, a P/E/G ratio of 0.48 and a beta of 1.10. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20.

NU (NYSE:NU) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.12. NU had a return on equity of 28.70% and a net margin of 16.28%. The business had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.17 billion. As a group, equities research analysts predict that NU will post 0.42 earnings per share for the current fiscal year.

About NU

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.