NU (NYSE:NU) Shares Up 1.1% – Should You Buy?

Shares of Nu Holdings Ltd. (NYSE:NU) traded up 1.1% on Thursday . The company traded as high as $15.22 and last traded at $15.19. 6,259,062 shares were traded during mid-day trading, a decline of 80% from the average session volume of 31,823,211 shares. The stock had previously closed at $15.03.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on NU shares. The Goldman Sachs Group increased their price target on NU from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Bank of America lifted their price target on shares of NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Susquehanna restated a “positive” rating and issued a $16.00 target price on shares of NU in a research note on Thursday, August 15th. Barclays upped their price target on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Finally, UBS Group cut NU from a “buy” rating to a “neutral” rating and set a $13.50 price objective for the company. in a research note on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, NU presently has a consensus rating of “Moderate Buy” and an average price target of $15.21.

NU Stock Performance

The company has a debt-to-equity ratio of 0.25, a current ratio of 0.49 and a quick ratio of 0.49. The firm has a market capitalization of $72.54 billion, a PE ratio of 49.00, a P/E/G ratio of 0.65 and a beta of 1.13. The company’s fifty day simple moving average is $14.36 and its 200 day simple moving average is $13.01.

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in NU. GAMMA Investing LLC increased its holdings in shares of NU by 56.2% in the second quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock worth $29,000 after purchasing an additional 815 shares during the period. Marcum Wealth LLC increased its stake in NU by 2.5% in the third quarter. Marcum Wealth LLC now owns 37,221 shares of the company’s stock valued at $508,000 after acquiring an additional 903 shares during the last quarter. Stokes Family Office LLC raised its holdings in shares of NU by 10.0% during the 1st quarter. Stokes Family Office LLC now owns 11,000 shares of the company’s stock valued at $131,000 after buying an additional 1,000 shares in the last quarter. Fortis Capital Management LLC lifted its position in NU by 6.6% in the 2nd quarter. Fortis Capital Management LLC now owns 17,330 shares of the company’s stock worth $223,000 after buying an additional 1,072 shares during the last quarter. Finally, Americana Partners LLC boosted its stake in NU by 7.8% in the second quarter. Americana Partners LLC now owns 15,449 shares of the company’s stock worth $199,000 after buying an additional 1,115 shares in the last quarter. Hedge funds and other 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.