NU (NYSE:NU) Reaches New 1-Year High – Still a Buy?

Nu Holdings Ltd. (NYSE:NU)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $18.38 and last traded at $18.1750, with a volume of 6713351 shares trading hands. The stock had previously closed at $18.18.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. UBS Group increased their price objective on shares of NU from $16.00 to $18.40 and gave the company a “neutral” rating in a research report on Thursday, December 4th. KeyCorp raised their price target on shares of NU from $15.00 to $19.00 and gave the company an “overweight” rating in a report on Friday, November 14th. Susquehanna upped their price objective on shares of NU from $19.00 to $22.00 and gave the company a “positive” rating in a research report on Tuesday. JPMorgan Chase & Co. lifted their target price on NU from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Thursday, November 20th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of NU in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $18.34.

NU Trading Down 0.1%

The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.29. The company has a market cap of $90.33 billion, a price-to-earnings ratio of 36.76, a price-to-earnings-growth ratio of 0.60 and a beta of 1.08. The firm has a 50-day moving average price of $16.99 and a 200 day moving average price of $15.46.

NU (NYSE:NU) last announced its quarterly earnings data on Thursday, November 13th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.02. NU had a return on equity of 30.12% and a net margin of 17.97%.The firm had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $3.96 billion. As a group, sell-side analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Hedge Funds Weigh In On NU

A number of large investors have recently bought and sold shares of NU. Aprio Wealth Management LLC bought a new position in shares of NU during the fourth quarter valued at approximately $192,000. Pictet Asset Management Holding SA increased its position in NU by 2.2% in the fourth quarter. Pictet Asset Management Holding SA now owns 4,745,936 shares of the company’s stock worth $79,444,000 after buying an additional 104,139 shares during the period. Physician Wealth Advisors Inc. lifted its stake in NU by 143.9% in the fourth quarter. Physician Wealth Advisors Inc. now owns 4,032 shares of the company’s stock valued at $67,000 after buying an additional 2,379 shares during the last quarter. State of Michigan Retirement System boosted its holdings in shares of NU by 42.1% during the fourth quarter. State of Michigan Retirement System now owns 540,800 shares of the company’s stock valued at $9,053,000 after acquiring an additional 160,100 shares during the period. Finally, Sanctuary Advisors LLC boosted its holdings in shares of NU by 18.4% during the fourth quarter. Sanctuary Advisors LLC now owns 47,315 shares of the company’s stock valued at $792,000 after acquiring an additional 7,354 shares during the period. Institutional investors own 84.02% of the company’s stock.

NU Company Profile

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.