NU (NYSE:NU) PT Raised to $13.00

NU (NYSE:NU) had its target price lifted by KeyCorp from $12.00 to $13.00 in a report released on Monday morning, Benzinga reports. KeyCorp currently has an overweight rating on the stock.

Several other equities research analysts have also weighed in on NU. Susquehanna lifted their price target on NU from $11.00 to $12.00 and gave the company a positive rating in a research report on Friday, February 23rd. UBS Group lifted their price target on NU from $10.50 to $11.50 and gave the company a buy rating in a research report on Monday, January 29th. Finally, TheStreet upgraded NU from a c+ rating to a b rating in a research report on Friday, March 8th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of $10.00.

NU Price Performance

Shares of NU stock opened at $10.77 on Monday. The firm has a market cap of $50.56 billion, a P/E ratio of 51.29, a P/E/G ratio of 0.52 and a beta of 1.08. NU has a fifty-two week low of $4.85 and a fifty-two week high of $12.39. The business’s 50 day moving average price is $11.31 and its 200-day moving average price is $9.49. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.31 and a current ratio of 0.38.

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

Institutional Investors Weigh In On NU

Several hedge funds have recently added to or reduced their stakes in NU. Sands Capital Management LLC boosted its holdings in NU by 92.7% in the fourth quarter. Sands Capital Management LLC now owns 85,220,661 shares of the company’s stock worth $709,888,000 after acquiring an additional 40,992,413 shares in the last quarter. 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. Capital Research Global Investors boosted its holdings in NU by 20.7% in the fourth quarter. Capital Research Global Investors now owns 175,197,344 shares of the company’s stock worth $1,459,403,000 after acquiring an additional 30,002,685 shares in the last quarter. Norges Bank bought a new stake in NU in the fourth quarter worth $209,534,000. Finally, Sharp Capital Gestora de Recursos Ltda. bought a new stake in NU in the fourth quarter worth $90,633,000. 80.90% of the stock is owned by institutional investors.

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.