Analysts Set Nu Holdings Ltd. (NYSE:NU) Price Target at $13.43

Shares of Nu Holdings Ltd. (NYSE:NU) have earned an average rating of “Moderate Buy” from the nine ratings firms that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $13.43.

Several research firms recently issued reports on NU. JPMorgan Chase & Co. raised their target price on shares of NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. The Goldman Sachs Group boosted their price objective on shares of NU from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. UBS Group lowered NU from a “buy” rating to a “neutral” rating and set a $13.50 target price on the stock. in a research report on Friday, August 2nd. Barclays boosted their price target on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Finally, Susquehanna restated a “positive” rating and issued a $16.00 price objective on shares of NU in a report on Thursday, August 15th.

Hedge Funds Weigh In On NU

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC boosted its position in NU by 56.2% in the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock valued at $29,000 after buying an additional 815 shares during the last quarter. ORG Partners LLC acquired a new stake in NU during the 2nd quarter valued at approximately $54,000. Opal Wealth Advisors LLC purchased a new stake in NU during the 2nd quarter worth approximately $88,000. LRI Investments LLC acquired a new position in shares of NU in the 1st quarter valued at approximately $91,000. Finally, Benjamin F. Edwards & Company Inc. purchased a new position in shares of NU during the 4th quarter valued at approximately $94,000. Hedge funds and other institutional investors own 80.90% of the company’s stock.

NU Trading Up 5.2 %

Shares of NU opened at $14.97 on Friday. NU has a fifty-two week low of $6.63 and a fifty-two week high of $15.06. The stock has a fifty day moving average of $13.03 and a two-hundred day moving average of $12.03. 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 $71.35 billion, a PE ratio of 57.58, a price-to-earnings-growth ratio of 0.72 and a beta of 1.13.

NU (NYSE:NU) last released its earnings results on Tuesday, August 13th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. The firm had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.90 billion. NU had a return on equity of 27.00% and a net margin of 15.11%. During the same period in the prior year, the firm posted $0.05 earnings per share. As a group, analysts forecast that NU will post 0.4 EPS for the current year.

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.