Nu Holdings Ltd. (NYSE:NU) Receives Consensus Rating of “Hold” from Brokerages

Shares of Nu Holdings Ltd. (NYSE:NU) have earned an average rating of “Hold” from the ten analysts that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $15.63.

Several equities research analysts have recently issued reports on NU shares. Bank of America lifted their target price on NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Itau BBA Securities cut NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. Citigroup downgraded NU from a “neutral” rating to a “sell” rating and lowered their target price for the company from $14.60 to $11.00 in a research report on Monday, December 2nd. KeyCorp upped their price target on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Finally, The Goldman Sachs Group increased their price objective on shares of NU from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday, November 14th.

NU Stock Performance

NU opened at $11.19 on Friday. The stock has a market capitalization of $53.33 billion, a price-to-earnings ratio of 31.08, a PEG ratio of 0.59 and a beta of 1.05. NU has a fifty-two week low of $8.51 and a fifty-two week high of $16.15. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. The company has a fifty day moving average of $12.49 and a 200 day moving average of $13.22.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. LRI Investments LLC boosted its holdings in NU by 3.1% during the 3rd quarter. LRI Investments LLC now owns 24,983 shares of the company’s stock valued at $341,000 after acquiring an additional 743 shares during the period. Coldstream Capital Management Inc. boosted its stake in shares of NU by 3.1% during the third quarter. Coldstream Capital Management Inc. now owns 26,517 shares of the company’s stock valued at $362,000 after purchasing an additional 801 shares during the period. Marcum Wealth LLC grew its holdings in shares of NU by 2.5% in the third quarter. Marcum Wealth LLC now owns 37,221 shares of the company’s stock worth $508,000 after purchasing an additional 903 shares during the last quarter. OneDigital Investment Advisors LLC increased its stake in NU by 4.9% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 26,477 shares of the company’s stock worth $361,000 after buying an additional 1,248 shares during the period. Finally, Gateway Advisory LLC lifted its holdings in NU by 2.1% during the 2nd quarter. Gateway Advisory LLC now owns 69,255 shares of the company’s stock valued at $893,000 after buying an additional 1,419 shares in the last quarter. Institutional investors own 84.02% of the company’s stock.

NU Company Profile

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.