NU (NYSE:NU) Given New $19.00 Price Target at The Goldman Sachs Group

NU (NYSE:NU - Free Report) had its price objective increased by The Goldman Sachs Group from $17.00 to $19.00 in a research note published on Thursday morning,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

A number of other equities research analysts also recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of NU from $14.50 to $15.00 and gave the company a "neutral" rating in a research note on Monday, August 19th. Itau BBA Securities lowered NU from an "outperform" rating to a "market perform" rating in a research report on Thursday. Bank of America lifted their price objective on NU from $12.80 to $15.00 and gave the company a "neutral" rating in a research note on Thursday, September 12th. UBS Group downgraded NU from a "buy" rating to a "neutral" rating and set a $13.50 target price for the company. in a research report on Friday, August 2nd. Finally, Barclays increased their price target on shares of NU from $15.00 to $17.00 and gave the stock an "overweight" rating in a research report on Friday, August 16th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, NU presently has a consensus rating of "Moderate Buy" and an average target price of $16.21.

NU Stock Performance

NU stock traded down $0.46 during midday trading on Thursday, hitting $15.19. 100,630,426 shares of the stock traded hands, compared to its average volume of 32,249,088. The stock's fifty day simple moving average is $14.47 and its 200-day simple moving average is $13.19. The firm has a market cap of $72.37 billion, a P/E ratio of 48.98, a PEG ratio of 0.72 and a beta of 1.13. NU has a 1-year low of $7.74 and a 1-year high of $16.15. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.49 and a quick ratio of 0.49.

NU (NYSE:NU - Get Free Report) last released its earnings results on Tuesday, August 13th. The company reported $0.12 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.02. The business had revenue of $2.85 billion during the quarter, compared to analysts' expectations of $2.90 billion. NU had a net margin of 15.11% and a return on equity of 27.00%. During the same quarter in the previous year, the company earned $0.05 earnings per share. On average, analysts expect that NU will post 0.41 earnings per share for the current year.

Hedge Funds Weigh In On NU

Large investors have recently made changes to their positions in the stock. Massmutual Trust Co. FSB ADV lifted its stake in shares of NU by 287.9% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company's stock valued at $26,000 after buying an additional 1,422 shares during the period. GAMMA Investing LLC grew its stake in NU by 56.2% during the second quarter. GAMMA Investing LLC now owns 2,264 shares of the company's stock worth $29,000 after buying an additional 815 shares during the period. Carolina Wealth Advisors LLC purchased a new position in shares of NU in the 3rd quarter valued at $44,000. Toth Financial Advisory Corp acquired a new position in shares of NU during the 3rd quarter valued at $55,000. Finally, ORG Partners LLC acquired a new stake in NU in the 2nd quarter valued at $54,000. Hedge funds and other institutional investors own 80.90% of the company's stock.

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.