NU (NYSE:NU - Free Report) had its target price increased by Susquehanna from $16.00 to $18.00 in a report released on Thursday morning,Benzinga reports. Susquehanna currently has a positive rating on the stock.
NU has been the subject of several other research reports. Bank of America boosted their price objective on NU from $12.80 to $15.00 and gave the company a "neutral" rating in a report on Thursday, September 12th. JPMorgan Chase & Co. upped their target price on shares of NU from $14.50 to $15.00 and gave the stock a "neutral" rating in a report on Monday, August 19th. KeyCorp increased their target price on shares of NU from $15.00 to $17.00 and gave the company an "overweight" rating in a research report on Thursday. UBS Group lowered shares of NU from a "buy" rating to a "neutral" rating and set a $13.50 price target on the stock. in a research report on Friday, August 2nd. Finally, Barclays increased their price objective on shares of NU from $15.00 to $17.00 and gave the company an "overweight" rating in a report on Friday, August 16th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, NU has a consensus rating of "Moderate Buy" and a consensus price target of $16.21.
Check Out Our Latest Stock Analysis on NU
NU Stock Performance
NYSE NU traded down $0.60 during trading hours on Thursday, reaching $15.04. The stock had a trading volume of 81,232,785 shares, compared to its average volume of 32,146,225. 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 stock has a market cap of $71.68 billion, a P/E ratio of 46.19, a price-to-earnings-growth ratio of 0.72 and a beta of 1.13. The stock has a fifty day moving average of $14.45 and a 200 day moving average of $13.17.
NU (NYSE:NU - Get Free Report) last released its quarterly earnings data on Tuesday, August 13th. The company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.02. NU had a net margin of 15.11% and a return on equity of 27.00%. The firm had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same quarter in the prior year, the business earned $0.05 earnings per share. Sell-side analysts predict that NU will post 0.41 earnings per share for the current year.
Institutional Investors Weigh In On NU
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Baillie Gifford & Co. lifted its stake in NU by 13.0% during the 3rd quarter. Baillie Gifford & Co. now owns 210,103,451 shares of the company's stock worth $2,867,912,000 after acquiring an additional 24,140,416 shares in the last quarter. Capital Research Global Investors increased its stake in NU by 15.7% during the 1st quarter. Capital Research Global Investors now owns 202,618,338 shares of the company's stock worth $2,417,237,000 after buying an additional 27,420,994 shares during the period. Jennison Associates LLC lifted its holdings in NU by 7.1% during the 3rd quarter. Jennison Associates LLC now owns 96,754,946 shares of the company's stock worth $1,320,705,000 after buying an additional 6,435,526 shares in the last quarter. FMR LLC lifted its holdings in NU by 16.4% during the 3rd quarter. FMR LLC now owns 61,801,891 shares of the company's stock worth $843,596,000 after buying an additional 8,728,833 shares in the last quarter. Finally, Whale Rock Capital Management LLC increased its position in shares of NU by 0.8% during the first quarter. Whale Rock Capital Management LLC now owns 25,004,827 shares of the company's stock worth $298,308,000 after acquiring an additional 204,305 shares during the period. 80.90% of the stock is owned by hedge funds and other institutional investors.
NU Company Profile
(
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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.
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