Nu Holdings Ltd. (NYSE:NU) Receives $17.10 Consensus PT from Analysts

Nu Holdings Ltd. (NYSE:NU) has been assigned an average recommendation of “Moderate Buy” from the thirteen research firms that are currently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $17.10.

A number of equities research analysts recently commented on the company. Bank of America lifted their target price on NU from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, August 25th. Santander raised NU to a “neutral” rating in a report on Monday, August 25th. UBS Group lifted their target price on NU from $15.60 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. Itau BBA Securities raised NU from a “market perform” rating to an “outperform” rating and set a $18.00 target price for the company in a report on Monday, August 18th. Finally, Citigroup upgraded NU from a “sell” rating to a “buy” rating and lifted their price target for the company from $9.00 to $18.00 in a research report on Wednesday, August 20th.

NU Trading Up 2.3%

NU stock opened at $16.17 on Thursday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.24. NU has a 52 week low of $9.01 and a 52 week high of $16.50. The company has a market capitalization of $77.92 billion, a price-to-earnings ratio of 35.15, a price-to-earnings-growth ratio of 0.81 and a beta of 1.08. The stock has a 50-day moving average price of $15.52 and a 200 day moving average price of $13.67.

NU (NYSE:NU) last released its earnings results on Thursday, August 14th. The company reported $0.14 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter in the previous year, the company posted $0.12 earnings per share. Sell-side analysts anticipate that NU will post 0.58 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Armstrong Advisory Group Inc. purchased a new position in NU during the second quarter valued at approximately $27,000. Quaker Wealth Management LLC raised its position in NU by 212.7% during the second quarter. Quaker Wealth Management LLC now owns 2,300 shares of the company’s stock valued at $32,000 after acquiring an additional 4,341 shares in the last quarter. ORG Partners LLC raised its position in NU by 474.1% during the second quarter. ORG Partners LLC now owns 2,325 shares of the company’s stock valued at $32,000 after acquiring an additional 1,920 shares in the last quarter. Allworth Financial LP raised its position in NU by 166.6% during the second quarter. Allworth Financial LP now owns 2,562 shares of the company’s stock valued at $35,000 after acquiring an additional 1,601 shares in the last quarter. Finally, Ameritas Advisory Services LLC purchased a new position in NU during the second quarter valued at approximately $36,000. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

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.