NU (NYSE:NU) Given New $15.00 Price Target at Barclays

NU (NYSE:NU) had its price objective reduced by Barclays from $17.00 to $15.00 in a report issued on Monday,Benzinga reports. Barclays currently has an overweight rating on the stock.

A number of other research firms have also recently commented on NU. UBS Group lowered their target price on NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 18th. Susquehanna lifted their price objective on shares of NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. dropped their target price on shares of NU from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Monday. KeyCorp raised their price target on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Finally, Itau BBA Securities downgraded NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, NU has a consensus rating of “Hold” and a consensus target price of $15.47.

NU Stock Up 2.0 %

NU stock opened at $11.04 on Monday. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. The firm’s fifty day moving average price is $11.91 and its two-hundred day moving average price is $13.25. The firm has a market capitalization of $52.59 billion, a price-to-earnings ratio of 27.59, a price-to-earnings-growth ratio of 0.48 and a beta of 1.10. NU has a 1-year low of $9.67 and a 1-year high of $16.15.

NU (NYSE:NU) last posted its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.12. NU had a net margin of 17.12% and a return on equity of 30.99%. The firm had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.17 billion. On average, equities research analysts predict that NU will post 0.58 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NU

Large investors have recently made changes to their positions in the business. Sequoia Financial Advisors LLC bought a new stake in shares of NU during the third quarter valued at approximately $172,000. Signaturefd LLC bought a new stake in shares of NU during the 3rd quarter valued at $158,000. IFM Investors Pty Ltd purchased a new stake in shares of NU in the 3rd quarter worth about $1,379,000. Autumn Glory Partners LLC purchased a new stake in shares of NU in the 3rd quarter worth about $325,000. Finally, abrdn plc increased its stake in shares of NU by 5.4% in the 3rd quarter. abrdn plc now owns 11,288,186 shares of the company’s stock worth $154,930,000 after acquiring an additional 582,561 shares in the last quarter. 84.02% of the stock is currently owned by 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.