Analysts Set Nu Holdings Ltd. (NYSE:NU) Price Target at $15.36

Shares of Nu Holdings Ltd. (NYSE:NU) have received a consensus rating of “Moderate Buy” from the ten ratings firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $15.36.

NU has been the topic of a number of research reports. Barclays reduced their price objective on NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a research note on Monday, February 24th. UBS Group decreased their price target on shares of NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. raised shares of NU from a “neutral” rating to an “overweight” rating and dropped their price objective for the stock from $14.00 to $13.00 in a research note on Tuesday, April 8th.

Hedge Funds Weigh In On NU

A number of large investors have recently made changes to their positions in the company. NBC Securities Inc. lifted its stake in NU by 286,000.0% in the first quarter. NBC Securities Inc. now owns 2,861 shares of the company’s stock worth $29,000 after purchasing an additional 2,860 shares during the last quarter. Piscataqua Savings Bank lifted its stake in shares of NU by 500.0% during the 4th quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock worth $31,000 after acquiring an additional 2,500 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in NU by 51.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 3,815 shares of the company’s stock valued at $39,000 after acquiring an additional 1,295 shares during the period. Farther Finance Advisors LLC grew its position in NU by 128.7% in the 1st quarter. Farther Finance Advisors LLC now owns 4,250 shares of the company’s stock valued at $44,000 after acquiring an additional 2,392 shares during the last quarter. Finally, Orion Capital Management LLC purchased a new stake in NU in the fourth quarter worth $50,000. 84.02% of the stock is owned by hedge funds and other institutional investors.

NU Trading Up 1.7 %

Shares of NU opened at $10.84 on Friday. The firm has a market cap of $51.64 billion, a P/E ratio of 27.09, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. NU has a 1 year low of $9.01 and a 1 year high of $16.15. The company has a 50 day simple moving average of $11.39 and a two-hundred day simple moving average of $12.36.

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. The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.17 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. On average, equities analysts expect that NU will post 0.58 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.