Nu Holdings Ltd. (NYSE:NU) Receives Average Rating of “Hold” from Analysts

Shares of Nu Holdings Ltd. (NYSE:NU) have earned an average rating of “Hold” from the ten analysts that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $15.80.

NU has been the subject of several analyst reports. UBS Group lowered their price objective on NU from $15.50 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday. Itau BBA Securities lowered NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. The Goldman Sachs Group raised their price objective on NU from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Susquehanna raised their price objective on NU from $16.00 to $18.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. Finally, KeyCorp raised their price objective on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th.

NU Price Performance

Shares of NU stock opened at $10.78 on Friday. The stock has a 50 day moving average of $11.92 and a 200 day moving average of $13.23. NU has a 12 month low of $9.67 and a 12 month high of $16.15. The firm has a market cap of $51.35 billion, a PE ratio of 29.93, a PEG ratio of 0.48 and a beta of 1.10. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20.

NU (NYSE:NU) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.12 EPS for the quarter, meeting analysts’ consensus estimates of $0.12. The company had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.17 billion. NU had a return on equity of 28.70% and a net margin of 16.28%. On average, research analysts expect that NU will post 0.42 EPS for the current fiscal year.

Institutional Investors Weigh In On NU

Several hedge funds and other institutional investors have recently modified their holdings of the business. LRI Investments LLC increased its holdings in NU by 3.1% during the 3rd quarter. LRI Investments LLC now owns 24,983 shares of the company’s stock worth $341,000 after purchasing an additional 743 shares during the period. OneAscent Wealth Management LLC increased its holdings in NU by 6.5% during the 4th quarter. OneAscent Wealth Management LLC now owns 12,481 shares of the company’s stock worth $129,000 after purchasing an additional 760 shares during the period. Coldstream Capital Management Inc. increased its holdings in NU by 3.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 26,517 shares of the company’s stock worth $362,000 after purchasing an additional 801 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in NU by 1.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 69,110 shares of the company’s stock worth $716,000 after purchasing an additional 1,000 shares during the period. Finally, Arkfeld Wealth Strategies L.L.C. increased its holdings in NU by 2.0% during the 4th quarter. Arkfeld Wealth Strategies L.L.C. now owns 52,245 shares of the company’s stock worth $579,000 after purchasing an additional 1,000 shares during the period. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

About NU

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.