NU (NYSE:NU) Hits New 1-Year High – Should You Buy?

Nu Holdings Ltd. (NYSE:NU) reached a new 52-week high on Monday . The company traded as high as $17.99 and last traded at $17.9350, with a volume of 26455021 shares trading hands. The stock had previously closed at $17.02.

Analyst Ratings Changes

Several equities analysts have commented on NU shares. UBS Group raised their target price on shares of NU from $16.00 to $18.40 and gave the company a “neutral” rating in a report on Thursday, December 4th. Santander upgraded NU from a “neutral” rating to an “outperform” rating in a research report on Thursday, December 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of NU in a report on Wednesday, October 8th. JPMorgan Chase & Co. upped their target price on NU from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Thursday, November 20th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $21.00 price target on shares of NU in a report on Thursday, December 18th. Ten investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.04.

NU Stock Up 5.4%

The stock has a market capitalization of $86.42 billion, a PE ratio of 35.17, a P/E/G ratio of 0.57 and a beta of 1.08. The stock’s fifty day simple moving average is $16.44 and its 200-day simple moving average is $14.94. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.29.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Rathbones Group PLC increased its stake in NU by 119.0% during the 2nd quarter. Rathbones Group PLC now owns 147,590 shares of the company’s stock valued at $2,025,000 after purchasing an additional 80,200 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new stake in shares of NU during the second quarter valued at approximately $39,848,000. IFM Investors Pty Ltd grew its holdings in shares of NU by 46.4% during the first quarter. IFM Investors Pty Ltd now owns 107,268 shares of the company’s stock valued at $1,098,000 after buying an additional 34,017 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in shares of NU by 39.9% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 95,879 shares of the company’s stock valued at $1,315,000 after acquiring an additional 27,335 shares in the last quarter. Finally, Kera Capital Partners Inc. raised its holdings in NU by 6.8% in the 2nd quarter. Kera Capital Partners Inc. now owns 530,635 shares of the company’s stock worth $7,280,000 after acquiring an additional 33,999 shares during the last quarter. 84.02% of the stock is owned by 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.