NU (NYSE:NU) Reaches New 52-Week High – Should You Buy?

Nu Holdings Ltd. (NYSE:NU)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $16.52 and last traded at $16.2950, with a volume of 9075555 shares changing hands. The stock had previously closed at $16.02.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Bradesco Corretora upgraded shares of NU to an “outperform” rating and set a $17.00 price objective on the stock in a research report on Monday, August 25th. UBS Group boosted their price target on shares of NU from $15.60 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, October 16th. Susquehanna lifted their target price on NU from $15.00 to $17.00 and gave the stock a “positive” rating in a report on Wednesday, August 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NU in a report on Wednesday, October 8th. Finally, Itau BBA Securities upgraded NU from a “market perform” rating to an “outperform” rating and set a $18.00 target price for the company in a report on Monday, August 18th. Nine equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $17.10.

NU Trading Up 3.0%

The stock’s fifty day moving average price is $15.58 and its 200 day moving average price is $13.78. The stock has a market capitalization of $79.48 billion, a P/E ratio of 35.86, a PEG ratio of 0.82 and a beta of 1.08. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.57 and a quick ratio of 0.57.

NU (NYSE:NU) last announced its quarterly earnings results on Thursday, August 14th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.78 billion. NU had a return on equity of 29.91% and a net margin of 17.90%.During the same quarter in the previous year, the business earned $0.12 earnings per share. Research analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in NU. Verdence Capital Advisors LLC raised its holdings in NU by 1.8% during the third quarter. Verdence Capital Advisors LLC now owns 44,508 shares of the company’s stock worth $712,000 after purchasing an additional 804 shares in the last quarter. Focus Partners Advisor Solutions LLC raised its stake in NU by 5.5% during the 1st quarter. Focus Partners Advisor Solutions LLC now owns 15,974 shares of the company’s stock worth $164,000 after acquiring an additional 838 shares in the last quarter. Canvas Wealth Advisors LLC lifted its position in NU by 4.9% in the third quarter. Canvas Wealth Advisors LLC now owns 19,087 shares of the company’s stock valued at $292,000 after acquiring an additional 900 shares during the last quarter. Covestor Ltd boosted its stake in NU by 8.2% in the third quarter. Covestor Ltd now owns 12,194 shares of the company’s stock valued at $195,000 after acquiring an additional 919 shares in the last quarter. Finally, TD Waterhouse Canada Inc. grew its holdings in shares of NU by 15.3% during the third quarter. TD Waterhouse Canada Inc. now owns 7,324 shares of the company’s stock worth $128,000 after purchasing an additional 972 shares during the last quarter. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

NU Company Profile

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.