Nu Holdings Ltd. (NYSE:NU) Given Average Rating of “Hold” by Brokerages

Shares of Nu Holdings Ltd. (NYSE:NU) have been assigned a consensus recommendation of “Hold” from the ten analysts that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $15.63.

NU has been the topic of several research analyst reports. Susquehanna raised their target price on shares of NU from $16.00 to $18.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. Citigroup cut shares of NU from a “neutral” rating to a “sell” rating and cut their price objective for the company from $14.60 to $11.00 in a research report on Monday, December 2nd. The Goldman Sachs Group upped their target price on shares of NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. KeyCorp lifted their price target on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Finally, Itau BBA Securities cut NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th.

Hedge Funds Weigh In On NU

Several institutional investors and hedge funds have recently modified their holdings of NU. State Street Corp grew its position in NU by 105.9% during the third quarter. State Street Corp now owns 78,865,138 shares of the company’s stock worth $1,076,509,000 after buying an additional 40,560,986 shares in the last quarter. Baillie Gifford & Co. grew its holdings in shares of NU by 13.0% during the 3rd quarter. Baillie Gifford & Co. now owns 210,103,451 shares of the company’s stock worth $2,867,912,000 after purchasing an additional 24,140,416 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of NU by 104.3% during the 3rd quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company’s stock worth $442,935,000 after purchasing an additional 16,638,397 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of NU by 458.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,147,349 shares of the company’s stock worth $193,111,000 after purchasing an additional 11,613,191 shares during the period. Finally, FMR LLC raised its stake in NU by 16.4% in the third quarter. FMR LLC now owns 61,801,891 shares of the company’s stock valued at $843,596,000 after purchasing an additional 8,728,833 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors and hedge funds.

NU Stock Up 2.6 %

Shares of NYSE NU opened at $10.63 on Friday. NU has a 52-week low of $8.06 and a 52-week high of $16.15. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. The stock has a market cap of $50.66 billion, a P/E ratio of 29.53, a P/E/G ratio of 0.59 and a beta of 0.99. The firm has a 50 day moving average price of $13.00 and a 200 day moving average price of $13.26.

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.