NU (NYSE:NU – Free Report) had its price target hoisted by Jefferies Financial Group from $10.80 to $15.20 in a report published on Monday, Benzinga reports. They currently have a buy rating on the stock.
A number of other equities analysts have also recently issued reports on NU. KeyCorp upped their target price on NU from $12.00 to $13.00 and gave the stock an overweight rating in a report on Monday, April 22nd. Susquehanna increased their price target on NU from $12.00 to $14.00 and gave the company a positive rating in a research note on Wednesday, May 15th. Finally, TheStreet raised NU from a c+ rating to a b rating in a research note on Friday, March 8th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, NU has an average rating of Moderate Buy and an average price target of $11.70.
NU Price Performance
NU (NYSE:NU – Get Free Report) last issued its earnings results on Tuesday, May 14th. The company reported $0.09 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.09. NU had a return on equity of 22.94% and a net margin of 13.86%. The business had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.58 billion. On average, sell-side analysts expect that NU will post 0.41 earnings per share for the current fiscal year.
Institutional Trading of NU
Institutional investors and hedge funds have recently modified their holdings of the business. Itau Unibanco Holding S.A. increased its position in shares of NU by 401.5% during the third quarter. Itau Unibanco Holding S.A. now owns 1,143,834 shares of the company’s stock valued at $8,293,000 after acquiring an additional 915,773 shares during the last quarter. Morgan Stanley increased its position in NU by 7.1% in the third quarter. Morgan Stanley now owns 61,260,423 shares of the company’s stock worth $444,138,000 after buying an additional 4,044,904 shares during the last quarter. Hsbc Holdings PLC increased its position in NU by 39.0% in the third quarter. Hsbc Holdings PLC now owns 1,120,216 shares of the company’s stock worth $8,141,000 after buying an additional 314,131 shares during the last quarter. Raymond James & Associates increased its position in NU by 1,235.7% in the fourth quarter. Raymond James & Associates now owns 371,729 shares of the company’s stock worth $3,096,000 after buying an additional 343,899 shares during the last quarter. Finally, Oak Thistle LLC purchased a new stake in NU in the fourth quarter worth $309,000. 80.90% of the stock is owned by hedge funds and other institutional investors.
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.
Featured Articles
- Five stocks we like better than NU
- What is a Death Cross in Stocks?
- Stock Impact: McDonald’s Price War with Starbucks, Wendy’s
- How Investors Can Identify and Successfully Trade Gap-Down Stocks
- General Mills Q4 Sales Miss Expectations, Triggering Stock Drop
- The 3 Best Blue-Chip Stocks to Buy Now
- Enovix Stock Rises 35% in Short-Squeeze: This Rally Has Legs
Receive News & Ratings for NU Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NU and related companies with MarketBeat.com's FREE daily email newsletter.