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

Nu Holdings Ltd. (NYSE:NU) has earned an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $10.00.

Several brokerages have recently commented on NU. TheStreet upgraded shares of NU from a “c+” rating to a “b” rating in a research report on Friday, March 8th. KeyCorp upped their price objective on NU from $12.00 to $13.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. UBS Group lifted their target price on NU from $10.50 to $11.50 and gave the company a “buy” rating in a research report on Monday, January 29th. Finally, Susquehanna boosted their target price on NU from $11.00 to $12.00 and gave the stock a “positive” rating in a research note on Friday, February 23rd.

NU Stock Up 1.7 %

NU stock opened at $11.05 on Friday. The business’s fifty day moving average price is $11.33 and its two-hundred day moving average price is $9.53. The stock has a market capitalization of $51.88 billion, a price-to-earnings ratio of 52.62, a PEG ratio of 0.53 and a beta of 1.08. NU has a fifty-two week low of $4.94 and a fifty-two week high of $12.39. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.38 and a quick ratio of 0.31.

NU (NYSE:NU) last announced its earnings results on Thursday, February 22nd. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). NU had a return on equity of 20.02% and a net margin of 12.84%. The business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same quarter in the previous year, the company earned $0.03 EPS. On average, equities analysts anticipate that NU will post 0.39 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in NU. Capital Research Global Investors increased its stake in NU by 20.7% in the fourth quarter. Capital Research Global Investors now owns 175,197,344 shares of the company’s stock valued at $1,459,403,000 after purchasing an additional 30,002,685 shares in the last quarter. WCM Investment Management LLC grew its stake in shares of NU by 1,157.4% in the 1st quarter. WCM Investment Management LLC now owns 99,965,627 shares of the company’s stock valued at $1,192,590,000 after buying an additional 92,015,719 shares during the period. Sands Capital Management LLC increased its position in NU by 92.7% in the 4th quarter. Sands Capital Management LLC now owns 85,220,661 shares of the company’s stock valued at $709,888,000 after buying an additional 40,992,413 shares in the last quarter. Artisan Partners Limited Partnership raised its stake in NU by 6.6% during the 3rd quarter. Artisan Partners Limited Partnership now owns 75,703,469 shares of the company’s stock worth $548,850,000 after buying an additional 4,672,092 shares during the period. Finally, Jennison Associates LLC boosted its holdings in NU by 160.9% in the fourth quarter. Jennison Associates LLC now owns 65,813,072 shares of the company’s stock worth $548,223,000 after acquiring an additional 40,584,189 shares in the last quarter. 80.90% of the stock is owned by institutional investors and hedge funds.

About NU

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.