Nu Holdings Ltd. (NYSE:NU) Stock Has Consensus Price Target of $17.92

Shares of Nu Holdings Ltd. (NYSE:NU) have been assigned an average recommendation of “Moderate Buy” from the fourteen research firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $17.92.

Several equities research analysts have issued reports on NU shares. Weiss Ratings downgraded NU from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, August 21st. Susquehanna raised their price target on shares of NU from $13.00 to $16.00 and gave the stock a “neutral” rating in a research report on Friday, August 14th. Needham & Company LLC restated a “buy” rating and issued a $19.00 price target on shares of NU in a research note on Friday, September 11th. Wolfe Research dropped their price target on shares of NU from $18.00 to $17.00 and set an “outperform” rating for the company in a research note on Tuesday, August 25th. Finally, Bank of America reaffirmed an “underperform” rating on shares of NU in a report on Tuesday, June 2nd.

Insider Transactions at NU

In other news, insider Henrique Camossa Sald Fragelli sold 221,707 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $15.81, for a total value of $3,505,187.67. Following the sale, the insider owned 979,446 shares in the company, valued at approximately $15,485,041.26. This represents a 18.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Cristina Junqueira sold 65,000 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $14.71, for a total value of $956,150.00. Following the transaction, the chief executive officer directly owned 2,542,083 shares in the company, valued at approximately $37,394,040.93. This represents a 2.49% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 361,707 shares of company stock worth $5,626,338. Company insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On NU

Large investors have recently added to or reduced their stakes in the company. QRG Capital Management Inc. bought a new stake in NU during the second quarter valued at $316,000. Envestnet Portfolio Solutions Inc. lifted its position in shares of NU by 25.3% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 19,227 shares of the company’s stock worth $257,000 after buying an additional 3,883 shares during the last quarter. Andra AP fonden lifted its position in shares of NU by 17.7% in the 2nd quarter. Andra AP fonden now owns 2,736,700 shares of the company’s stock worth $36,562,000 after buying an additional 411,500 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of NU by 2.4% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 201,341 shares of the company’s stock worth $2,690,000 after buying an additional 4,664 shares during the last quarter. Finally, IPG Investment Advisors LLC boosted its holdings in shares of NU by 12.0% in the 2nd quarter. IPG Investment Advisors LLC now owns 83,026 shares of the company’s stock valued at $1,109,000 after buying an additional 8,880 shares during the period. 84.02% of the stock is currently owned by institutional investors.

NU Stock Up 0.1%

Shares of NU stock opened at $13.57 on Friday. NU has a 1-year low of $11.20 and a 1-year high of $18.98. The company has a market capitalization of $65.88 billion, a PE ratio of 18.34, a P/E/G ratio of 0.55 and a beta of 0.94. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.55 and a quick ratio of 0.55. The business has a 50-day moving average of $14.42 and a 200-day moving average of $13.89.

NU (NYSE:NU) last released its quarterly earnings results on Tuesday, June 30th. The company reported $0.22 EPS for the quarter. The business had revenue of $5.88 billion for the quarter. NU had a return on equity of 31.59% and a net margin of 18.65%. As a group, equities analysts forecast that NU will post 0.86 EPS for the current fiscal year.

NU announced that its board has authorized a stock buyback program on Thursday, June 4th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

NU Company Profile

Nu Holdings Ltd., operating under the Nubank brand, is a digital financial services company that provides banking, payments and credit products through mobile applications. Its offerings include digital bank accounts, credit cards, personal loans, payment services, investment products and insurance, serving consumers and small businesses.

Founded in Brazil in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nubank was established to simplify financial services and expand access to banking through technology.