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

NU (NYSE:NU) had its target price cut by UBS Group from $15.50 to $15.00 in a research note released on Tuesday,Benzinga reports. They currently have a neutral rating on the stock.

NU has been the topic of several other reports. Citigroup downgraded NU from a “neutral” rating to a “sell” rating and cut their target price for the company from $14.60 to $11.00 in a research report on Monday, December 2nd. Itau BBA Securities lowered NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. Susquehanna boosted their price target on shares of NU from $16.00 to $18.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. The Goldman Sachs Group increased their price objective on shares of NU from $17.00 to $19.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, KeyCorp boosted their target price 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. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, NU currently has an average rating of “Hold” and an average target price of $15.80.

NU Trading Down 1.1 %

NU opened at $13.55 on Tuesday. NU has a 52 week low of $9.67 and a 52 week high of $16.15. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. The stock’s fifty day moving average is $11.90 and its two-hundred day moving average is $13.23. The company has a market capitalization of $64.55 billion, a P/E ratio of 37.63, a PEG ratio of 0.49 and a beta of 1.10.

Institutional Trading of NU

Several institutional investors have recently modified their holdings of the stock. Fisher Asset Management LLC acquired a new stake in NU during the 3rd quarter worth $98,704,000. Thrivent Financial for Lutherans lifted its holdings in NU by 23.2% in the third quarter. Thrivent Financial for Lutherans now owns 257,648 shares of the company’s stock valued at $3,517,000 after acquiring an additional 48,445 shares during the period. Adero Partners LLC boosted its position in shares of NU by 5.7% during the 3rd quarter. Adero Partners LLC now owns 4,819,355 shares of the company’s stock worth $65,784,000 after purchasing an additional 259,324 shares in the last quarter. Summit Partners Public Asset Management LLC grew its stake in shares of NU by 20.0% during the 3rd quarter. Summit Partners Public Asset Management LLC now owns 300,000 shares of the company’s stock worth $4,095,000 after purchasing an additional 50,000 shares during the period. Finally, Baader Bank Aktiengesellschaft increased its holdings in shares of NU by 19.6% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 355,332 shares of the company’s stock valued at $3,680,000 after purchasing an additional 58,183 shares in the last quarter. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Company Profile

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.