UBS Group Cuts NU (NYSE:NU) Price Target to $17.20

NU (NYSE:NU) had its price objective reduced by UBS Group from $18.40 to $17.20 in a research report report published on Wednesday morning,Benzinga reports. They currently have a neutral rating on the stock.

NU has been the subject of a number of other reports. Weiss Ratings upgraded shares of NU from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 18th. Zacks Research upgraded NU from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 9th. The Goldman Sachs Group reissued a “buy” rating and set a $21.00 price objective on shares of NU in a research note on Thursday, December 18th. Susquehanna boosted their target price on NU from $19.00 to $22.00 and gave the stock a “positive” rating in a research report on Tuesday, January 27th. Finally, Santander raised NU from a “neutral” rating to an “outperform” rating in a report on Thursday, December 4th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, NU currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.22.

NU Trading Down 1.8%

Shares of NU stock opened at $14.55 on Wednesday. The company’s 50-day moving average price is $16.95 and its 200-day moving average price is $16.18. The company has a current ratio of 0.58, a quick ratio of 0.56 and a debt-to-equity ratio of 0.39. NU has a 12-month low of $9.01 and a 12-month high of $18.98. The company has a market cap of $70.09 billion, a price-to-earnings ratio of 25.08, a PEG ratio of 0.48 and a beta of 1.11.

NU (NYSE:NU) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.18 by $0.01. The company had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.55 billion. NU had a net margin of 18.19% and a return on equity of 30.68%. On average, equities analysts expect that NU will post 0.58 earnings per share for the current fiscal year.

Institutional Trading of NU

Institutional investors and hedge funds have recently made changes to their positions in the stock. LOM Asset Management Ltd bought a new position in NU in the fourth quarter valued at $25,000. Caitong International Asset Management Co. Ltd raised its position in NU by 14,810.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,491 shares of the company’s stock valued at $25,000 after purchasing an additional 1,481 shares in the last quarter. Cornerstone Planning Group LLC lifted its stake in NU by 5,448.3% during the fourth quarter. Cornerstone Planning Group LLC now owns 1,609 shares of the company’s stock worth $27,000 after purchasing an additional 1,580 shares during the last quarter. Zions Bancorporation National Association UT purchased a new position in shares of NU in the 4th quarter worth about $27,000. Finally, Jordan Park Group LLC boosted its holdings in shares of NU by 129.3% in the 3rd quarter. Jordan Park Group LLC now owns 1,958,842 shares of the company’s stock worth $31,000 after purchasing an additional 1,104,421 shares in the last quarter. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Company Profile

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.