NU (NYSE:NU) Reaches New 52-Week High at $12.95

Nu Holdings Ltd. (NYSE:NU)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $12.95 and last traded at $12.39, with a volume of 10266718 shares trading hands. The stock had previously closed at $12.25.

Wall Street Analyst Weigh In

NU has been the topic of a number of research analyst reports. KeyCorp lifted their price target on shares of NU from $12.00 to $13.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. TheStreet raised shares of NU from a “c+” rating to a “b” rating in a research note on Friday, March 8th. Finally, Susquehanna lifted their target price on shares of NU from $12.00 to $14.00 and gave the stock a “positive” rating in a research note on Wednesday, May 15th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $10.74.

NU Stock Performance

The firm’s 50-day moving average price is $11.53 and its two-hundred day moving average price is $10.55. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.40 and a current ratio of 0.40. The stock has a market cap of $60.19 billion, a price-to-earnings ratio of 47.12, a PEG ratio of 0.57 and a beta of 1.13.

NU (NYSE:NU) last announced its quarterly earnings results on Tuesday, May 14th. The company reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. The firm had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.58 billion. NU had a net margin of 13.86% and a return on equity of 22.94%. On average, analysts expect that Nu Holdings Ltd. will post 0.41 EPS for the current fiscal year.

Institutional Trading of NU

Several institutional investors and hedge funds have recently bought and sold shares of NU. Tennessee Valley Asset Management Partners purchased a new stake in NU in the 4th quarter valued at about $52,000. UMB Bank n.a. purchased a new stake in NU during the fourth quarter worth about $55,000. PNC Financial Services Group Inc. increased its stake in NU by 37.1% during the third quarter. PNC Financial Services Group Inc. now owns 8,339 shares of the company’s stock worth $60,000 after purchasing an additional 2,258 shares during the period. Seven Mile Advisory purchased a new stake in NU during the third quarter worth about $82,000. Finally, Sand Hill Global Advisors LLC purchased a new stake in NU during the third quarter worth about $84,000. 80.90% of the stock is currently owned by hedge funds and other institutional investors.

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.