Nu Holdings Ltd. (NYSE:NU) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Nu Holdings Ltd. (NYSE:NU - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the ten analysts that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $15.36.

A number of analysts recently weighed in on NU shares. UBS Group lowered their price objective on shares of NU from $15.50 to $15.00 and set a "neutral" rating for the company in a research note on Tuesday, February 18th. JPMorgan Chase & Co. upgraded NU from a "neutral" rating to an "overweight" rating and decreased their price target for the company from $14.00 to $13.00 in a research note on Tuesday, April 8th. Finally, Barclays reduced their target price on NU from $17.00 to $15.00 and set an "overweight" rating for the company in a research note on Monday, February 24th.

NU Trading Up 0.9 %

Shares of NU traded up $0.10 during midday trading on Friday, hitting $10.90. The stock had a trading volume of 8,689,217 shares, compared to its average volume of 40,010,261. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. The firm has a market cap of $51.92 billion, a PE ratio of 27.24, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. NU has a 1 year low of $9.01 and a 1 year high of $16.15. The stock's 50 day moving average is $11.33 and its 200 day moving average is $12.35.

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

Institutional Trading of NU

A number of institutional investors and hedge funds have recently made changes to their positions in NU. Opal Wealth Advisors LLC purchased a new stake in NU in the 1st quarter worth $59,000. Wealth Enhancement Advisory Services LLC increased its stake in shares of NU by 6.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 282,317 shares of the company's stock worth $2,891,000 after purchasing an additional 17,532 shares in the last quarter. Salem Investment Counselors Inc. raised its position in shares of NU by 5.3% during the 1st quarter. Salem Investment Counselors Inc. now owns 2,281,213 shares of the company's stock worth $23,360,000 after purchasing an additional 115,100 shares during the last quarter. Focus Financial Network Inc. purchased a new position in NU in the 1st quarter valued at about $158,000. Finally, Handelsbanken Fonder AB raised its position in shares of NU by 16.7% in the first quarter. Handelsbanken Fonder AB now owns 1,387,160 shares of the company's stock valued at $14,205,000 after buying an additional 198,001 shares during the last quarter. 84.02% of the stock is currently owned by hedge funds and other 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.