Brokerages Set Nu Holdings Ltd. (NYSE:NU) Target Price at $14.08

Shares of Nu Holdings Ltd. (NYSE:NU) have earned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $14.08.

Several research firms have weighed in on NU. Bank of America increased their price target on shares of NU from $12.80 to $15.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. Susquehanna reissued a “positive” rating and issued a $16.00 price target on shares of NU in a report on Thursday, August 15th. Jefferies Financial Group increased their price target on shares of NU from $10.80 to $15.20 and gave the company a “buy” rating in a report on Monday, June 24th. The Goldman Sachs Group increased their price target on shares of NU from $15.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, July 11th. Finally, UBS Group lowered shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 target price on the stock. in a research report on Friday, August 2nd.

NU Stock Down 1.6 %

Shares of NU stock opened at $13.44 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.49. The firm’s 50-day moving average is $13.62 and its 200-day moving average is $12.53. The stock has a market cap of $64.03 billion, a price-to-earnings ratio of 51.67, a PEG ratio of 0.67 and a beta of 1.17. NU has a 52-week low of $6.80 and a 52-week high of $15.16.

NU (NYSE:NU) last released its quarterly earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.02. The firm had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.90 billion. NU had a net margin of 15.11% and a return on equity of 27.00%. During the same period in the prior year, the firm earned $0.05 EPS. Sell-side analysts predict that NU will post 0.41 EPS for the current year.

Institutional Trading of NU

Large investors have recently made changes to their positions in the company. Bleakley Financial Group LLC bought a new position in shares of NU during the first quarter valued at $152,000. Wasatch Advisors LP raised its stake in shares of NU by 19.4% during the fourth quarter. Wasatch Advisors LP now owns 23,949,214 shares of the company’s stock valued at $199,497,000 after acquiring an additional 3,886,442 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. bought a new position in shares of NU during the first quarter valued at $1,958,000. Vaughan Nelson Investment Management L.P. raised its stake in shares of NU by 499.9% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 413,165 shares of the company’s stock valued at $5,326,000 after acquiring an additional 344,295 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of NU during the first quarter valued at $597,000. Institutional investors and hedge funds own 80.90% of the company’s stock.

About NU

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.