Nu Holdings Ltd. (NYSE:NU) Receives Consensus Rating of “Moderate Buy” from Analysts

Nu Holdings Ltd. (NYSE:NU) has been given a consensus recommendation of “Moderate Buy” by the ten analysts that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $16.5556.

NU has been the topic of a number of analyst reports. Barclays upped their price target on NU from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Friday, April 25th. Susquehanna upped their price target on NU from $14.00 to $15.00 and gave the company a “positive” rating in a research report on Wednesday, May 14th. JPMorgan Chase & Co. upped their price target on NU from $14.50 to $16.00 and gave the company an “overweight” rating in a research report on Monday, June 30th. Morgan Stanley reiterated an “overweight” rating on shares of NU in a research report on Friday, June 13th. Finally, Citigroup upgraded NU from a “sell” rating to a “buy” rating and upped their target price for the company from $9.00 to $18.00 in a research report on Wednesday.

Institutional Investors Weigh In On NU

Several institutional investors and hedge funds have recently made changes to their positions in the business. Marex Group plc bought a new stake in shares of NU during the 2nd quarter valued at about $304,000. MRP Capital Investments LLC boosted its position in shares of NU by 31.9% during the 2nd quarter. MRP Capital Investments LLC now owns 118,550 shares of the company’s stock valued at $1,627,000 after purchasing an additional 28,700 shares in the last quarter. Advisory Services Network LLC boosted its position in shares of NU by 27.2% during the 2nd quarter. Advisory Services Network LLC now owns 119,721 shares of the company’s stock valued at $1,643,000 after purchasing an additional 25,631 shares in the last quarter. State of Wyoming boosted its position in shares of NU by 20.5% during the 2nd quarter. State of Wyoming now owns 61,158 shares of the company’s stock valued at $839,000 after purchasing an additional 10,405 shares in the last quarter. Finally, Liontrust Investment Partners LLP bought a new stake in shares of NU during the 2nd quarter valued at about $4,490,000. Institutional investors own 84.02% of the company’s stock.

NU Trading Up 3.7%

NYSE NU opened at $13.6040 on Friday. The business’s 50-day moving average price is $12.83 and its two-hundred day moving average price is $12.17. NU has a 12 month low of $9.01 and a 12 month high of $16.15. The firm has a market capitalization of $65.55 billion, a PE ratio of 29.57, a price-to-earnings-growth ratio of 0.75 and a beta of 1.05. The company has a current ratio of 0.57, a quick ratio of 0.54 and a debt-to-equity ratio of 0.24.

NU (NYSE:NU) last released its quarterly earnings results on Thursday, August 14th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. NU had a return on equity of 29.91% and a net margin of 17.90%.The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same quarter in the previous year, the company posted $0.12 EPS. On average, analysts expect that NU will post 0.58 EPS for the current year.

NU Company Profile

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.