Brokerages Set Nu Holdings Ltd. (NYSE:NU) Price Target at $18.46

Shares of Nu Holdings Ltd. (NYSE:NU) have earned a consensus rating of “Moderate Buy” from the fourteen ratings firms that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $18.39.

Several equities analysts have weighed in on NU shares. Zacks Research downgraded NU from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Bank of America reiterated a “neutral” rating on shares of NU in a report on Monday, March 9th. UBS Group reduced their target price on NU from $18.10 to $16.90 and set a “buy” rating on the stock in a report on Wednesday. CICC Research started coverage on NU in a report on Tuesday, April 14th. They issued an “outperform” rating and a $18.00 target price on the stock. Finally, Itau BBA Securities reiterated an “outperform” rating on shares of NU in a report on Tuesday, March 17th.

NU Stock Performance

NYSE NU opened at $12.74 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.58 and a quick ratio of 0.58. The business has a 50 day moving average price of $14.11 and a 200 day moving average price of $15.77. The company has a market capitalization of $61.84 billion, a P/E ratio of 19.59, a PEG ratio of 0.51 and a beta of 1.01. NU has a 1-year low of $11.71 and a 1-year high of $18.98.

NU (NYSE:NU) last released its quarterly earnings results on Friday, May 15th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01). The company had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.06 billion. NU had a return on equity of 30.91% and a net margin of 18.20%. Sell-side analysts expect that NU will post 0.84 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of NU stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $14.81, for a total value of $4,443,000.00. Following the transaction, the chief executive officer owned 2,312,338 shares in the company, valued at approximately $34,245,725.78. This trade represents a 11.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anita M. Sands sold 21,000 shares of NU stock in a transaction on Friday, May 15th. The shares were sold at an average price of $12.24, for a total value of $257,040.00. Following the completion of the transaction, the director owned 162,150 shares in the company, valued at $1,984,716. The trade was a 11.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE lifted its stake in shares of NU by 8.6% during the first quarter. Bank of America Corp DE now owns 45,966,932 shares of the company’s stock worth $660,545,000 after purchasing an additional 3,656,945 shares in the last quarter. Edgestream Partners L.P. acquired a new position in shares of NU during the first quarter worth about $4,532,000. Janus Henderson Group PLC lifted its stake in shares of NU by 35.4% during the first quarter. Janus Henderson Group PLC now owns 848,878 shares of the company’s stock worth $12,200,000 after purchasing an additional 221,985 shares in the last quarter. Opal Capital LLC acquired a new position in shares of NU during the first quarter worth about $3,869,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of NU by 58.1% during the first quarter. EverSource Wealth Advisors LLC now owns 6,468 shares of the company’s stock worth $93,000 after purchasing an additional 2,377 shares in the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.

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.