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

Shares of Nu Holdings Ltd. (NYSE:NU) have earned a consensus rating of “Hold” from the ten brokerages that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $15.63.

Several equities research analysts recently issued reports on the stock. Citigroup lowered shares of NU from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $14.60 to $11.00 in a report on Monday, December 2nd. Itau BBA Securities cut shares of NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. The Goldman Sachs Group lifted their target price on shares of 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 target on NU from $16.00 to $18.00 and gave the company a “positive” rating in a report on Thursday, November 14th. Finally, KeyCorp upped their price objective on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th.

NU Stock Performance

NYSE:NU opened at $12.33 on Tuesday. 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 50-day simple moving average of $11.69 and a two-hundred day simple moving average of $13.13. The firm has a market capitalization of $58.74 billion, a PE ratio of 34.24, a P/E/G ratio of 0.43 and a beta of 1.05. NU has a 52-week low of $8.51 and a 52-week high of $16.15.

Hedge Funds Weigh In On NU

Several large investors have recently modified their holdings of NU. LRI Investments LLC increased its stake in NU by 3.1% in the third 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. Coldstream Capital Management Inc. grew its holdings in shares of NU by 3.1% in the third 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 last quarter. Marcum Wealth LLC increased its stake in NU by 2.5% in the 3rd quarter. Marcum Wealth LLC now owns 37,221 shares of the company’s stock worth $508,000 after buying an additional 903 shares during the period. Wealth Enhancement Advisory Services LLC lifted 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 valued at $716,000 after buying an additional 1,000 shares in the last quarter. Finally, Arkfeld Wealth Strategies L.L.C. boosted its position in NU by 2.0% in the 4th quarter. Arkfeld Wealth Strategies L.L.C. now owns 52,245 shares of the company’s stock valued at $579,000 after buying an additional 1,000 shares during the period. Institutional investors own 84.02% of the company’s stock.

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.