NU (NYSE:NU) Trading Up 0.1% – What’s Next?

Nu Holdings Ltd. (NYSE:NU) shares traded up 0.1% during mid-day trading on Tuesday . The stock traded as high as $16.15 and last traded at $15.91. 8,060,301 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 31,781,129 shares. The stock had previously closed at $15.89.

Analysts Set New Price Targets

Several brokerages recently commented on NU. JPMorgan Chase & Co. boosted their price target on NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Bank of America boosted their price target on shares of NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research report on Thursday, September 12th. Barclays lifted their target price on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Susquehanna reaffirmed a “positive” rating and set a $16.00 price objective on shares of NU in a report on Thursday, August 15th. Finally, UBS Group downgraded NU from a “buy” rating to a “neutral” rating and set a $13.50 price target for the company. in a research note on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $15.21.

NU Stock Performance

The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.49. The company has a fifty day moving average of $14.41 and a two-hundred day moving average of $13.12. The firm has a market capitalization of $75.44 billion, a price-to-earnings ratio of 51.32, a PEG ratio of 0.69 and a beta of 1.13.

NU (NYSE:NU) last issued its quarterly earnings data on Tuesday, August 13th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. The company had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.90 billion. NU had a net margin of 15.11% and a return on equity of 27.00%. During the same quarter in the previous year, the company earned $0.05 earnings per share. As a group, equities research analysts predict that Nu Holdings Ltd. will post 0.41 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Nwam LLC acquired a new position in NU in the third quarter valued at $347,000. Intech Investment Management LLC boosted its stake in NU by 5.1% in the 3rd quarter. Intech Investment Management LLC now owns 114,577 shares of the company’s stock worth $1,564,000 after purchasing an additional 5,537 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in NU by 324.8% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 860,520 shares of the company’s stock valued at $11,746,000 after acquiring an additional 657,969 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in NU in the third quarter worth about $164,000. Finally, Jennison Associates LLC lifted its holdings in NU by 7.1% during the 3rd quarter. Jennison Associates LLC now owns 96,754,946 shares of the company’s stock worth $1,320,705,000 after buying an additional 6,435,526 shares in the last quarter. Institutional investors own 80.90% of the company’s stock.

About NU

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.