NU (NYSE:NU) Shares Up 5.3% – Still a Buy?

Nu Holdings Ltd. (NYSE:NU)’s stock price rose 5.3% during trading on Tuesday . The company traded as high as $10.62 and last traded at $10.24. Approximately 35,636,464 shares were traded during mid-day trading, a decline of 9% from the average daily volume of 38,951,524 shares. The stock had previously closed at $9.72.

Analysts Set New Price Targets

NU has been the subject of several analyst reports. JPMorgan Chase & Co. raised NU from a “neutral” rating to an “overweight” rating and lowered their price objective for the company from $14.00 to $13.00 in a research note on Tuesday. Barclays dropped their price target on NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a research report on Monday, February 24th. Finally, UBS Group dropped their price objective on NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, NU currently has a consensus rating of “Moderate Buy” and an average target price of $15.36.

NU Stock Up 2.6 %

The business’s 50-day moving average is $11.82 and its 200-day moving average is $12.55. The company has a market capitalization of $47.55 billion, a price-to-earnings ratio of 24.94, a P/E/G ratio of 0.48 and a beta of 1.14. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20.

NU (NYSE:NU) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.12. NU had a net margin of 17.12% and a return on equity of 30.99%. The firm had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.17 billion. As a group, equities analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Institutional Investors Weigh In On NU

A number of institutional investors have recently added to or reduced their stakes in the stock. Piscataqua Savings Bank lifted its position in shares of NU by 500.0% in the fourth quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock valued at $31,000 after acquiring an additional 2,500 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in NU by 51.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 3,815 shares of the company’s stock valued at $39,000 after purchasing an additional 1,295 shares during the last quarter. Orion Capital Management LLC acquired a new stake in NU during the fourth quarter worth $50,000. TD Waterhouse Canada Inc. increased its position in shares of NU by 190.8% during the 4th quarter. TD Waterhouse Canada Inc. now owns 4,900 shares of the company’s stock worth $51,000 after purchasing an additional 3,215 shares during the last quarter. Finally, Campbell Capital Management Inc. acquired a new position in shares of NU in the 4th quarter worth approximately $52,000. Institutional investors and hedge funds own 84.02% of the company’s stock.

About NU

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.