Nu Holdings Ltd. (NYSE:NU) Receives Average Recommendation of "Hold" from Brokerages

Shares of Nu Holdings Ltd. (NYSE:NU - Get Free Report) have earned a consensus recommendation of "Hold" from the ten analysts that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $15.63.

Several equities analysts recently weighed in on NU shares. Itau BBA Securities lowered shares of NU from an "outperform" rating to a "market perform" rating in a report on Thursday, November 14th. The Goldman Sachs Group boosted their price objective on NU from $17.00 to $19.00 and gave the stock a "buy" rating in a research note on Thursday, November 14th. KeyCorp increased their target price on NU from $15.00 to $17.00 and gave the company an "overweight" rating in a research note on Thursday, November 14th. Citigroup lowered NU from a "neutral" rating to a "sell" rating and reduced their price target for the stock from $14.60 to $11.00 in a research report on Monday, December 2nd. Finally, Susquehanna upped their price target on NU from $16.00 to $18.00 and gave the stock a "positive" rating in a report on Thursday, November 14th.

Hedge Funds Weigh In On NU

Several institutional investors have recently modified their holdings of the company. LRI Investments LLC increased its stake in shares of NU by 3.1% in the third quarter. LRI Investments LLC now owns 24,983 shares of the company's stock valued at $341,000 after purchasing an additional 743 shares during the period. Coldstream Capital Management Inc. raised its stake in NU by 3.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 26,517 shares of the company's stock valued at $362,000 after acquiring an additional 801 shares in the last quarter. Marcum Wealth LLC boosted its position in NU by 2.5% during the 3rd quarter. Marcum Wealth LLC now owns 37,221 shares of the company's stock worth $508,000 after acquiring an additional 903 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of NU by 1.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 69,110 shares of the company's stock worth $716,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Arkfeld Wealth Strategies L.L.C. increased its holdings in shares of NU by 2.0% during the fourth quarter. Arkfeld Wealth Strategies L.L.C. now owns 52,245 shares of the company's stock valued at $579,000 after purchasing an additional 1,000 shares during the period. Institutional investors own 84.02% of the company's stock.

NU Trading Down 1.5 %

NYSE NU traded down $0.21 during mid-day trading on Tuesday, hitting $13.24. The company's stock had a trading volume of 38,664,776 shares, compared to its average volume of 34,483,383. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. NU has a 52-week low of $8.58 and a 52-week high of $16.15. The stock's fifty day simple moving average is $11.66 and its two-hundred day simple moving average is $13.12. The firm has a market capitalization of $63.08 billion, a P/E ratio of 36.65, a price-to-earnings-growth ratio of 0.45 and a beta of 1.05.

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.