Nu Holdings Ltd. (NYSE:NU) Receives $15.21 Average PT from Analysts

Shares of Nu Holdings Ltd. (NYSE:NU) have been given a consensus rating of “Moderate Buy” by the nine analysts that are covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $16.21.

NU has been the topic of several recent analyst reports. The Goldman Sachs Group boosted their price objective on shares of NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday. KeyCorp boosted their price target on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday. UBS Group cut NU from a “buy” rating to a “neutral” rating and set a $13.50 price objective for the company. in a research report on Friday, August 2nd. Itau BBA Securities downgraded NU from an “outperform” rating to a “market perform” rating in a research note on Thursday. Finally, Bank of America increased their price target on NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th.

Hedge Funds Weigh In On NU

Several hedge funds and other institutional investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC grew its stake in shares of NU by 179.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 8,841 shares of the company’s stock worth $105,000 after buying an additional 5,672 shares during the last quarter. Hamilton Lane Advisors LLC increased its holdings in NU by 97.8% in the 1st quarter. Hamilton Lane Advisors LLC now owns 500,791 shares of the company’s stock worth $5,974,000 after purchasing an additional 247,642 shares in the last quarter. SG Americas Securities LLC bought a new position in NU in the first quarter valued at about $1,790,000. Oppenheimer & Co. Inc. acquired a new stake in shares of NU during the first quarter valued at about $133,000. Finally, US Bancorp DE grew its holdings in shares of NU by 1,241.5% during the first quarter. US Bancorp DE now owns 226,036 shares of the company’s stock worth $2,697,000 after purchasing an additional 209,187 shares during the last quarter. Institutional investors own 80.90% of the company’s stock.

NU Price Performance

NYSE:NU opened at $14.06 on Thursday. The stock’s 50-day simple moving average is $14.48 and its 200 day simple moving average is $13.22. NU has a 52-week low of $7.74 and a 52-week high of $16.15. 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 cap of $67.01 billion, a P/E ratio of 39.06, a P/E/G ratio of 0.71 and a beta of 1.13.

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.