Nu Holdings Ltd. (NYSE:NU) Receives $10.00 Average Price Target from Brokerages

Nu Holdings Ltd. (NYSE:NU) has been assigned an average rating of “Moderate Buy” from the eight analysts that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $10.00.

NU has been the subject of several research reports. KeyCorp raised their price objective on NU from $12.00 to $13.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. UBS Group increased their price target on NU from $10.50 to $11.50 and gave the company a “buy” rating in a research 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 report on Friday, February 23rd. Finally, TheStreet upgraded shares of NU from a “c+” rating to a “b” rating in a report on Friday, March 8th.

Institutional Trading of NU

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Yousif Capital Management LLC grew its stake in shares of NU by 5.5% during the fourth quarter. Yousif Capital Management LLC now owns 24,192 shares of the company’s stock worth $202,000 after purchasing an additional 1,261 shares during the period. AE Wealth Management LLC increased its stake in shares of NU by 10.9% in the 3rd quarter. AE Wealth Management LLC now owns 13,268 shares of the company’s stock valued at $96,000 after acquiring an additional 1,299 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of NU by 10.1% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 14,550 shares of the company’s stock valued at $121,000 after acquiring an additional 1,330 shares during the period. O Shaughnessy Asset Management LLC boosted its stake in NU by 4.2% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 33,583 shares of the company’s stock worth $243,000 after acquiring an additional 1,364 shares during the last quarter. Finally, ProVise Management Group LLC boosted its stake in NU by 13.5% during the 4th quarter. ProVise Management Group LLC now owns 11,580 shares of the company’s stock worth $96,000 after acquiring an additional 1,380 shares during the last quarter. Institutional investors and hedge funds own 80.90% of the company’s stock.

NU Trading Down 1.5 %

Shares of NU stock opened at $10.85 on Friday. NU has a 1 year low of $5.14 and a 1 year high of $12.39. The firm has a market capitalization of $50.94 billion, a PE ratio of 51.67, a price-to-earnings-growth ratio of 0.54 and a beta of 1.08. The stock has a fifty day moving average of $11.34 and a two-hundred day moving average of $9.57. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.38 and a current ratio of 0.38.

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

NU Company Profile

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.