Nu Holdings Ltd. (NYSE:NU) Receives $18.26 Average Price Target from Brokerages

Shares of Nu Holdings Ltd. (NYSE:NU) have been assigned an average recommendation of “Moderate Buy” from the fourteen ratings firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $18.26.

NU has been the topic of a number of research analyst reports. Zacks Research cut NU from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Santander upgraded NU from a “neutral” rating to an “outperform” rating in a research note on Thursday, December 4th. Susquehanna raised their price objective on NU from $19.00 to $22.00 and gave the stock a “positive” rating in a report on Tuesday, January 27th. Itau BBA Securities reaffirmed an “outperform” rating on shares of NU in a research note on Tuesday, March 17th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $21.00 target price on shares of NU in a report on Thursday, December 18th.

NU Stock Performance

NYSE:NU opened at $14.34 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.58 and a debt-to-equity ratio of 0.39. The company has a market cap of $69.09 billion, a P/E ratio of 24.72, a P/E/G ratio of 0.53 and a beta of 1.11. NU has a fifty-two week low of $9.01 and a fifty-two week high of $18.98. The firm’s 50 day moving average is $15.99 and its two-hundred day moving average is $16.15.

NU (NYSE:NU) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.01. The company had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.55 billion. NU had a net margin of 18.19% and a return on equity of 30.68%. Analysts expect that NU will post 0.58 EPS for the current year.

Insiders Place Their Bets

In other NU news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of NU stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $14.81, for a total transaction of $4,443,000.00. Following the transaction, the chief executive officer directly owned 2,312,338 shares of the company’s stock, valued at $34,245,725.78. The trade was a 11.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Hedge Funds Weigh In On NU

Hedge funds have recently made changes to their positions in the business. Osbon Capital Management LLC acquired a new position in shares of NU during the 4th quarter valued at $227,000. World Investment Advisors boosted its position in NU by 20.4% during the 4th quarter. World Investment Advisors now owns 15,579 shares of the company’s stock worth $261,000 after purchasing an additional 2,638 shares during the period. ARP Global Capital Ltd acquired a new stake in NU in the 4th quarter valued at $5,628,000. Larry Mathis Financial Planning LLC acquired a new stake in NU in the 4th quarter valued at $721,000. Finally, Corient Private Wealth LLC raised its position in NU by 1.7% in the fourth quarter. Corient Private Wealth LLC now owns 126,662 shares of the company’s stock valued at $2,120,000 after purchasing an additional 2,174 shares during the period. Hedge funds and other 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.