Nu Holdings Ltd. (NYSE:NU) Receives $15.63 Average Price Target from Analysts

Nu Holdings Ltd. (NYSE:NU) has been assigned an average rating of “Hold” from the ten ratings firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $15.63.

A number of analysts have recently weighed in on the stock. Citigroup cut shares of NU from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $14.60 to $11.00 in a research note on Monday, December 2nd. KeyCorp upped their price target on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Itau BBA Securities lowered NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. Susquehanna increased their target price on NU from $16.00 to $18.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. Finally, The Goldman Sachs Group raised their target price on NU from $17.00 to $19.00 and gave the company a “buy” rating in a report on Thursday, November 14th.

NU Stock Up 0.2 %

NU opened at $11.17 on Friday. The firm has a market cap of $53.24 billion, a P/E ratio of 31.03, a price-to-earnings-growth ratio of 0.59 and a beta of 1.05. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. The business has a 50 day moving average price of $12.66 and a 200 day moving average price of $13.24. NU has a twelve month low of $8.51 and a twelve month high of $16.15.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Massmutual Trust Co. FSB ADV increased its holdings in NU by 287.9% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock valued at $26,000 after buying an additional 1,422 shares during the period. Carolina Wealth Advisors LLC acquired a new stake in shares of NU during the 3rd quarter valued at about $44,000. Toth Financial Advisory Corp bought a new stake in NU in the third quarter valued at about $55,000. GAMMA Investing LLC increased its stake in NU by 81.9% in the third quarter. GAMMA Investing LLC now owns 4,119 shares of the company’s stock valued at $56,000 after acquiring an additional 1,855 shares during the period. Finally, Huntington National Bank lifted its stake in NU by 86.3% during the third quarter. Huntington National Bank now owns 4,601 shares of the company’s stock worth $63,000 after purchasing an additional 2,131 shares during the period. 84.02% of the stock is currently owned by institutional investors and hedge funds.

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.