NU (NYSE:NU) Given New $14.00 Price Target at JPMorgan Chase & Co.

NU (NYSE:NU - Free Report) had its price target reduced by JPMorgan Chase & Co. from $15.00 to $14.00 in a research report sent to investors on Monday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Other research analysts also recently issued reports about the stock. Susquehanna lifted their target price on shares of NU from $16.00 to $18.00 and gave the stock a "positive" rating in a research note on Thursday, November 14th. The Goldman Sachs Group upped their price objective 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. UBS Group cut their target price on NU from $15.50 to $15.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 18th. Itau BBA Securities downgraded NU from an "outperform" rating to a "market perform" rating in a report on Thursday, November 14th. Finally, KeyCorp increased their price objective on NU from $15.00 to $17.00 and gave the stock an "overweight" rating in a report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, NU has a consensus rating of "Hold" and a consensus target price of $15.47.

NU Trading Down 1.9 %

Shares of NYSE:NU traded down $0.22 on Monday, reaching $11.27. 63,057,977 shares of the company traded hands, compared to its average volume of 43,442,953. The stock has a market capitalization of $53.69 billion, a P/E ratio of 28.16, a price-to-earnings-growth ratio of 0.48 and a beta of 1.10. The business's 50-day simple moving average is $11.92 and its 200 day simple moving average is $13.23. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. NU has a 52 week low of $9.67 and a 52 week high of $16.15.

NU (NYSE:NU - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.12. NU had a return on equity of 30.99% and a net margin of 17.12%. The business had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.17 billion. As a group, equities analysts anticipate that NU will post 0.58 EPS for the current fiscal year.

Institutional Investors Weigh In On NU

Several hedge funds have recently made changes to their positions in the company. Jefferies Financial Group Inc. purchased a new position in NU during the fourth quarter valued at $1,338,000. Cache Advisors LLC bought a new position in shares of NU in the 4th quarter worth about $4,578,000. JT Stratford LLC lifted its position in NU by 1.2% during the 4th quarter. JT Stratford LLC now owns 177,546 shares of the company's stock valued at $1,839,000 after acquiring an additional 2,085 shares during the period. Orion Capital Management LLC purchased a new position in NU during the 4th quarter valued at about $50,000. Finally, Adalta Capital Management LLC boosted its stake in NU by 27.5% during the fourth quarter. Adalta Capital Management LLC now owns 106,500 shares of the company's stock worth $1,103,000 after acquiring an additional 22,950 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors.

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.