Nu Holdings Ltd. (NYSE:NU) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Nu Holdings Ltd. (NYSE:NU) have been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $15.21.

NU has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price target on NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. Bank of America boosted their price target on shares of NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. UBS Group downgraded shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 price objective for the company. in a research report on Friday, August 2nd. Barclays boosted their target price on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Finally, Susquehanna reissued a “positive” rating and issued a $16.00 price target on shares of NU in a report on Thursday, August 15th.

NU Trading Down 1.3 %

Shares of NU stock opened at $15.64 on Thursday. 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 company has a market capitalization of $74.54 billion, a P/E ratio of 50.45, a PEG ratio of 0.72 and a beta of 1.13. NU has a 1 year low of $7.74 and a 1 year high of $16.15. The company’s fifty day moving average is $14.45 and its two-hundred day moving average is $13.17.

NU (NYSE:NU) last released its quarterly earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. NU had a return on equity of 27.00% and a net margin of 15.11%. The firm had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same quarter last year, the company posted $0.05 earnings per share. Analysts forecast that NU will post 0.41 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in NU. Aigen Investment Management LP acquired a new stake in NU in the 3rd quarter valued at about $814,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of NU by 1,074.6% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 131,136 shares of the company’s stock valued at $1,790,000 after purchasing an additional 119,972 shares during the last quarter. Public Investment Fund increased its stake in shares of NU by 223.1% during the 2nd quarter. Public Investment Fund now owns 3,802,480 shares of the company’s stock worth $49,014,000 after purchasing an additional 2,625,500 shares in the last quarter. Bleakley Financial Group LLC acquired a new position in shares of NU during the 1st quarter worth approximately $152,000. Finally, Fiera Capital Corp purchased a new stake in NU in the 3rd quarter valued at approximately $3,045,000. Hedge funds and other institutional investors 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.