Nu Holdings Ltd. (NYSE:NU) Receives $15.47 Consensus Price Target from Brokerages

Shares of Nu Holdings Ltd. (NYSE:NU) have received an average recommendation of “Hold” from the ten analysts that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $15.47.

NU has been the subject of a number of research reports. Barclays lowered their target price on NU from $17.00 to $15.00 and set an “overweight” rating for the company in a research report on Monday, February 24th. JPMorgan Chase & Co. lowered their price target on NU from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Monday, February 24th. Citigroup downgraded NU from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $14.60 to $11.00 in a research report on Monday, December 2nd. Finally, UBS Group lowered their price target on NU from $15.50 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday, February 18th.

NU Price Performance

NYSE NU opened at $11.62 on Wednesday. NU has a 52 week low of $9.67 and a 52 week high of $16.15. The firm has a market capitalization of $55.36 billion, a P/E ratio of 29.04, a PEG ratio of 0.48 and a beta of 1.14. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. The company has a 50-day moving average price of $12.05 and a 200-day moving average price of $12.87.

NU (NYSE:NU) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.12 EPS for the quarter, meeting the consensus estimate of $0.12. The firm had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.17 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. Equities research analysts anticipate that NU will post 0.58 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in NU. Piscataqua Savings Bank lifted its holdings in shares of NU by 500.0% in the 4th quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock valued at $31,000 after buying an additional 2,500 shares during the period. Huntington National Bank lifted its holdings in shares of NU by 86.3% in the 3rd quarter. Huntington National Bank now owns 4,601 shares of the company’s stock valued at $63,000 after buying an additional 2,131 shares during the period. Orion Capital Management LLC acquired a new stake in shares of NU in the 4th quarter valued at approximately $50,000. TD Waterhouse Canada Inc. lifted its holdings in shares of NU by 190.8% in the 4th quarter. TD Waterhouse Canada Inc. now owns 4,900 shares of the company’s stock valued at $51,000 after buying an additional 3,215 shares during the period. Finally, Campbell Capital Management Inc. acquired a new stake in shares of NU in the 4th quarter valued at approximately $52,000. Hedge funds and other institutional investors own 84.02% of the company’s stock.

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.