Brokerages Set Nu Holdings Ltd. (NYSE:NU) PT at $15.21

Shares of Nu Holdings Ltd. (NYSE:NU) have been given an average rating of “Moderate Buy” by the nine research firms that are currently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $16.21.

Several analysts have recently weighed in on the company. KeyCorp upped their price objective on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Bank of America boosted their target price on shares of NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Susquehanna raised their target price on shares of NU from $16.00 to $18.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. JPMorgan Chase & Co. upped their price target on NU from $14.50 to $15.00 and gave the company a “neutral” rating in a report on Monday, August 19th. Finally, UBS Group lowered NU from a “buy” rating to a “neutral” rating and set a $13.50 price objective for the company. in a research note on Friday, August 2nd.

NU Stock Performance

Shares of NU opened at $13.65 on Thursday. NU has a 52-week low of $8.04 and a 52-week high of $16.15. The company has a quick ratio of 0.49, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $65.06 billion, a PE ratio of 37.92, a P/E/G ratio of 0.64 and a beta of 1.13. The firm has a 50-day moving average price of $14.47 and a 200 day moving average price of $13.26.

Institutional Investors Weigh In On NU

Institutional investors have recently modified their holdings of the stock. Massmutual Trust Co. FSB ADV lifted its stake in NU by 287.9% in the third quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock valued at $26,000 after acquiring an additional 1,422 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of NU by 56.2% in the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock valued at $29,000 after purchasing an additional 815 shares during the last quarter. Carolina Wealth Advisors LLC bought a new stake in NU in the third quarter worth $44,000. Toth Financial Advisory Corp bought a new position in NU during the third quarter valued at about $55,000. Finally, ORG Partners LLC acquired a new stake in shares of NU in the second quarter worth about $54,000. Institutional investors and hedge funds 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.