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

Nu Holdings Ltd. (NYSE:NU) has earned a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $17.9111.

A number of equities analysts have recently commented on the stock. Weiss Ratings downgraded shares of NU from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, August 21st. Scotiabank cut shares of NU to a “sector perform” rating and set a $13.00 price target for the company. in a research report on Wednesday, June 3rd. UBS Group increased their price target on NU from $16.90 to $18.20 and gave the company a “buy” rating in a report on Thursday, August 20th. JPMorgan Chase & Co. raised their price objective on NU from $18.00 to $20.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th. Finally, Susquehanna boosted their price objective on NU from $13.00 to $16.00 and gave the stock a “neutral” rating in a research note on Friday, August 14th.

NU Stock Up 0.1%

Shares of NYSE:NU opened at $14.31 on Wednesday. The stock has a 50-day simple moving average of $13.99 and a 200-day simple moving average of $14.12. The stock has a market capitalization of $69.48 billion, a P/E ratio of 19.34, a PEG ratio of 0.55 and a beta of 0.94. NU has a 1 year low of $11.20 and a 1 year high of $18.98. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.55 and a current ratio of 0.55.

NU (NYSE:NU) last posted its quarterly earnings results on Tuesday, June 30th. The company reported $0.22 EPS for the quarter. The firm had revenue of $5.88 billion for the quarter. NU had a net margin of 18.65% and a return on equity of 31.59%. Equities analysts forecast that NU will post 0.86 earnings per share for the current year.

NU announced that its board has initiated a share repurchase plan on Thursday, June 4th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Insider Activity

In related news, insider Henrique Camossa Sald Fragelli sold 221,707 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $15.81, for a total transaction of $3,505,187.67. Following the transaction, the insider directly owned 979,446 shares of the company’s stock, valued at approximately $15,485,041.26. The trade was a 18.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Cristina Helena Zing Junqueira sold 65,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $14.71, for a total value of $956,150.00. Following the completion of the transaction, the chief executive officer owned 2,542,083 shares of the company’s stock, valued at approximately $37,394,040.93. This represents a 2.49% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 361,707 shares of company stock worth $5,626,338.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in NU. Groupe la Francaise grew its holdings in NU by 50.2% during the 2nd quarter. Groupe la Francaise now owns 872,703 shares of the company’s stock valued at $11,670,000 after purchasing an additional 291,553 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in NU during the 2nd quarter worth $2,358,000. Ameritas Advisory Services LLC lifted its holdings in NU by 74.6% in the 2nd quarter. Ameritas Advisory Services LLC now owns 35,242 shares of the company’s stock worth $471,000 after buying an additional 15,060 shares in the last quarter. Angeles Wealth Management LLC acquired a new position in NU in the 2nd quarter worth $630,000. Finally, AlphaGrep UK Ltd purchased a new position in NU in the 2nd quarter valued at about $200,000. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

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.