Barclays Cuts NU (NYSE:NU) Price Target to $15.00

NU (NYSE:NU) had its price objective decreased by Barclays from $17.00 to $15.00 in a research note issued to investors on Monday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.

A number of other research firms have also weighed in on NU. The Goldman Sachs Group raised their target price on shares of NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. UBS Group lowered their price objective on NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 18th. Susquehanna upped their target price on NU from $16.00 to $18.00 and gave the company a “positive” rating in a report on Thursday, November 14th. Citigroup lowered NU from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $14.60 to $11.00 in a report on Monday, December 2nd. Finally, KeyCorp upped their price objective on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $15.47.

NU Stock Up 2.5 %

NYSE NU opened at $11.50 on Monday. The business has a fifty day moving average price of $11.92 and a 200 day moving average price of $13.23. 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 company has a market cap of $54.78 billion, a P/E ratio of 28.74, a P/E/G ratio of 0.48 and a beta of 1.10. NU has a one year low of $9.67 and a one year high of $16.15.

NU (NYSE:NU) last issued its earnings results on Thursday, February 20th. The company reported $0.12 EPS for the quarter, meeting analysts’ consensus estimates of $0.12. The business had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $3.17 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. Research analysts anticipate that NU will post 0.58 EPS for the current fiscal year.

Institutional Investors Weigh In On NU

A number of institutional investors have recently made changes to their positions in the stock. Baillie Gifford & Co. boosted its position in shares of NU by 7.1% during the 4th quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company’s stock worth $2,330,786,000 after purchasing an additional 14,875,891 shares during the period. Jennison Associates LLC boosted its position in shares of NU by 7.1% during the third quarter. Jennison Associates LLC now owns 96,754,946 shares of the company’s stock worth $1,320,705,000 after buying an additional 6,435,526 shares during the period. State Street Corp grew its stake in shares of NU by 105.9% in the third quarter. State Street Corp now owns 78,865,138 shares of the company’s stock valued at $1,076,509,000 after buying an additional 40,560,986 shares in the last quarter. FMR LLC raised its holdings in shares of NU by 16.4% in the 3rd quarter. FMR LLC now owns 61,801,891 shares of the company’s stock valued at $843,596,000 after buying an additional 8,728,833 shares during the period. Finally, Norges Bank acquired a new position in NU during the 4th quarter worth about $447,762,000. 84.02% of the stock is currently owned by institutional investors and hedge funds.

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.