NU (NYSE:NU) Reaches New 1-Year High at $13.60

Nu Holdings Ltd. (NYSE:NU)’s share price reached a new 52-week high on Monday . The stock traded as high as $13.60 and last traded at $13.60, with a volume of 59116 shares changing hands. The stock had previously closed at $13.41.

Analysts Set New Price Targets

Several research firms have recently weighed in on NU. Susquehanna raised their price objective on shares of NU from $12.00 to $14.00 and gave the company a “positive” rating in a research report on Wednesday, May 15th. The Goldman Sachs Group lifted their target price on shares of NU from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday. Barclays initiated coverage on shares of NU in a research report on Wednesday, June 26th. They issued an “overweight” rating and a $15.00 target price on the stock. KeyCorp lifted their target price on shares of NU from $12.00 to $13.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Finally, Jefferies Financial Group lifted their target price on shares of NU from $10.80 to $15.20 and gave the stock a “buy” rating in a research report on Monday, June 24th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, NU currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.23.

NU Stock Performance

The company has a market capitalization of $64.77 billion, a PE ratio of 51.58, a PEG ratio of 0.63 and a beta of 1.14. The business’s 50-day moving average is $12.09 and its 200-day moving average is $11.02. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.40 and a current ratio of 0.40.

NU (NYSE:NU) last issued its quarterly earnings results on Tuesday, May 14th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.09. The company had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.58 billion. NU had a net margin of 13.86% and a return on equity of 22.94%. On average, research analysts anticipate that Nu Holdings Ltd. will post 0.41 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in NU. Capital Research Global Investors grew its position in NU by 15.7% during the first quarter. Capital Research Global Investors now owns 202,618,338 shares of the company’s stock valued at $2,417,237,000 after buying an additional 27,420,994 shares during the period. Baillie Gifford & Co. grew its position in NU by 47.6% during the first quarter. Baillie Gifford & Co. now owns 169,450,124 shares of the company’s stock valued at $2,021,540,000 after buying an additional 54,681,625 shares during the period. WCM Investment Management LLC boosted its position in shares of NU by 1,157.4% in the first quarter. WCM Investment Management LLC now owns 99,965,627 shares of the company’s stock worth $1,192,590,000 after purchasing an additional 92,015,719 shares during the period. Jennison Associates LLC boosted its position in shares of NU by 32.4% in the first quarter. Jennison Associates LLC now owns 87,155,886 shares of the company’s stock worth $1,039,770,000 after purchasing an additional 21,342,814 shares during the period. Finally, Sands Capital Management LLC boosted its position in shares of NU by 92.7% in the fourth quarter. Sands Capital Management LLC now owns 85,220,661 shares of the company’s stock worth $709,888,000 after purchasing an additional 40,992,413 shares during the period. 80.90% of the stock is owned by hedge funds and other institutional investors.

NU Company Profile

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.