NU (NYSE:NU) Upgraded to "Overweight" at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of NU (NYSE:NU - Free Report) from a neutral rating to an overweight rating in a report released on Tuesday, MarketBeat reports. They currently have $13.00 price target on the stock, down from their prior price target of $14.00.

Several other brokerages have also weighed in on NU. UBS Group dropped their price objective on shares of NU from $15.50 to $15.00 and set a "neutral" rating on the stock in a report on Tuesday, February 18th. Barclays dropped their price target on NU from $17.00 to $15.00 and set an "overweight" rating on the stock in a research note on Monday, February 24th. One 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. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $15.36.

NU Trading Up 2.9 %

NYSE NU traded up $0.29 during trading hours on Tuesday, hitting $10.54. 55,374,309 shares of the company's stock were exchanged, compared to its average volume of 39,772,385. The firm has a market cap of $50.25 billion, a price-to-earnings ratio of 26.36, a PEG ratio of 0.48 and a beta of 1.14. The stock has a 50-day simple moving average of $11.50 and a 200 day simple moving average of $12.40. 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 1-year low of $9.01 and a 1-year high of $16.15.

Remove Ads

NU (NYSE:NU - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $3.17 billion. On average, equities analysts forecast that NU will post 0.58 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. NBC Securities Inc. boosted its holdings in NU by 286,000.0% during the 1st quarter. NBC Securities Inc. now owns 2,861 shares of the company's stock worth $29,000 after acquiring an additional 2,860 shares during the last quarter. Piscataqua Savings Bank lifted its position in shares of NU by 500.0% during the fourth quarter. Piscataqua Savings Bank now owns 3,000 shares of the company's stock valued at $31,000 after purchasing an additional 2,500 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in NU by 51.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 3,815 shares of the company's stock worth $39,000 after purchasing an additional 1,295 shares during the last quarter. Orion Capital Management LLC bought a new stake in NU in the 4th quarter worth about $50,000. Finally, TD Waterhouse Canada Inc. increased its stake in NU by 190.8% in the 4th quarter. TD Waterhouse Canada Inc. now owns 4,900 shares of the company's stock valued at $51,000 after buying an additional 3,215 shares during the last quarter. Hedge funds and other institutional investors own 84.02% of the company's stock.

NU Company Profile

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.