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

JPMorgan Chase & Co. upgraded shares of NU (NYSE:NU) from a neutral rating to an overweight rating in a research report sent to investors on Tuesday, Marketbeat reports. The firm currently has $13.00 price objective on the stock, down from their previous price objective of $14.00.

Several other equities research analysts also recently issued reports on the stock. Barclays cut their target price on shares of NU from $17.00 to $15.00 and set an “overweight” rating for the company in a research note on Monday, February 24th. UBS Group reduced their target price on NU from $15.50 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $15.36.

NU Stock Down 6.1 %

NYSE:NU opened at $10.26 on Tuesday. The firm has a market capitalization of $48.87 billion, a price-to-earnings ratio of 25.64, a price-to-earnings-growth 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 has a twelve month low of $9.01 and a twelve month high of $16.15. The stock’s 50 day moving average price is $11.56 and its two-hundred day moving average price is $12.43.

NU (NYSE:NU) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (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 firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.17 billion. Equities research analysts expect that NU will post 0.58 earnings per share for the current fiscal year.

Institutional Trading of NU

Hedge funds have recently added to or reduced their stakes in the company. NBC Securities Inc. increased its position 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 buying an additional 2,860 shares during the period. Piscataqua Savings Bank increased its position in NU by 500.0% during the fourth quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock worth $31,000 after acquiring an additional 2,500 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in NU by 51.4% in the 1st 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 in the last quarter. Orion Capital Management LLC bought a new stake in NU in the 4th quarter valued at about $50,000. Finally, TD Waterhouse Canada Inc. grew 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 in the last quarter. 84.02% of the stock is owned by institutional investors and hedge funds.

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.