Nu Holdings Ltd. (NYSE:NU) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Nu Holdings Ltd. (NYSE:NU) have been assigned a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $18.04.

NU has been the topic of several recent research reports. Zacks Research upgraded NU from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 9th. UBS Group raised their price target on shares of NU from $16.00 to $18.40 and gave the stock a “neutral” rating in a research report on Thursday, December 4th. The Goldman Sachs Group reissued a “buy” rating and issued a $21.00 price objective on shares of NU in a report on Thursday, December 18th. KeyCorp increased their target price on shares of NU from $15.00 to $19.00 and gave the stock an “overweight” rating in a research report on Friday, November 14th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of NU in a research report on Wednesday, October 8th.

Institutional Trading of NU

Institutional investors have recently modified their holdings of the stock. Rathbones Group PLC raised its position in shares of NU by 119.0% in the 2nd quarter. Rathbones Group PLC now owns 147,590 shares of the company’s stock worth $2,025,000 after acquiring an additional 80,200 shares in the last quarter. Itau Unibanco Holding S.A. bought a new stake in NU in the second quarter worth approximately $39,848,000. Sumitomo Mitsui Trust Group Inc. lifted its stake in NU by 14.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 13,695,159 shares of the company’s stock valued at $219,259,000 after buying an additional 1,703,787 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of NU by 39.9% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 95,879 shares of the company’s stock worth $1,315,000 after buying an additional 27,335 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its position in shares of NU by 87.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 64,052 shares of the company’s stock worth $879,000 after buying an additional 29,824 shares during the period. 84.02% of the stock is currently owned by institutional investors.

NU Price Performance

Shares of NU opened at $16.61 on Tuesday. The firm has a market cap of $80.04 billion, a P/E ratio of 32.57, a price-to-earnings-growth ratio of 0.55 and a beta of 1.08. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.56 and a current ratio of 0.56. NU has a 52 week low of $9.01 and a 52 week high of $18.37. The firm’s 50-day simple moving average is $16.68 and its 200 day simple moving average is $15.25.

NU (NYSE:NU) last issued its quarterly earnings data on Thursday, November 13th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. The company had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $3.96 billion. NU had a return on equity of 30.12% and a net margin of 17.97%. On average, analysts forecast that NU will post 0.58 earnings per share for the current year.

About NU

Nu Holdings Ltd (NYSE: NU), commonly known by its consumer brand Nubank, is a Latin American financial technology company that provides digital banking and financial services through a mobile-first platform. The company’s core offerings include no-fee digital checking accounts, credit cards, personal loans, payments and transfers, and a range of savings and investment products. Nubank emphasizes a streamlined customer experience delivered via its smartphone app, combined with data-driven underwriting and automated customer service tools.

Founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nu grew rapidly by targeting underbanked and digitally savvy consumers in Latin America with low-fee, transparent products.