Nu Holdings Ltd. (NYSE:NU) Receives Average Recommendation of “Moderate Buy” from Brokerages

Nu Holdings Ltd. (NYSE:NU) has earned a consensus rating of “Moderate Buy” from the ten brokerages that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $15.13.

Several equities analysts have recently issued reports on NU shares. JPMorgan Chase & Co. raised shares of NU from a “neutral” rating to an “overweight” rating and lowered their price objective for the stock from $14.00 to $13.00 in a research note on Tuesday, April 8th. UBS Group lowered their price objective on shares of NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 18th. Barclays lifted their price objective on shares of NU from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Friday, April 25th. Finally, Susquehanna lifted their price objective on shares of NU from $14.00 to $15.00 and gave the stock a “positive” rating in a research note on Wednesday.

NU Stock Performance

NU opened at $13.49 on Thursday. The company has a market capitalization of $65.00 billion, a price-to-earnings ratio of 33.73, a price-to-earnings-growth ratio of 0.48 and a beta of 1.11. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. NU has a 1-year low of $9.01 and a 1-year high of $16.15. The business has a 50 day moving average price of $11.34 and a two-hundred day moving average price of $12.10.

NU (NYSE:NU) last released its earnings results on Tuesday, May 13th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). The firm had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.09 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. During the same quarter last year, the company earned $0.09 earnings per share. Research analysts predict that NU will post 0.58 EPS for the current fiscal year.

Hedge Funds Weigh In On NU

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hershey Trust Co. purchased a new position in NU during the 1st quarter worth approximately $5,418,000. Corebridge Financial Inc. grew its position in NU by 2.0% during the 1st quarter. Corebridge Financial Inc. now owns 93,138 shares of the company’s stock worth $954,000 after purchasing an additional 1,837 shares in the last quarter. MetLife Investment Management LLC grew its position in NU by 1.7% during the 1st quarter. MetLife Investment Management LLC now owns 199,590 shares of the company’s stock worth $2,044,000 after purchasing an additional 3,424 shares in the last quarter. Synovus Financial Corp purchased a new position in NU during the 1st quarter worth approximately $760,000. Finally, ICONIQ Capital LLC grew its position in NU by 56.5% during the 1st quarter. ICONIQ Capital LLC now owns 4,612,411 shares of the company’s stock worth $47,231,000 after purchasing an additional 1,665,573 shares in the last quarter. 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.