Nu Holdings Ltd. (NYSE:NU) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Nu Holdings Ltd. (NYSE:NU) have earned an average rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $18.22.

A number of equities research analysts have commented on NU shares. The Goldman Sachs Group reiterated a “buy” rating and issued a $21.00 price target on shares of NU in a research note on Thursday, December 18th. KeyCorp upped their price objective on shares of NU from $15.00 to $19.00 and gave the company an “overweight” rating in a report on Friday, November 14th. Bank of America reaffirmed a “neutral” rating on shares of NU in a report on Monday. Zacks Research raised NU from a “hold” rating to a “strong-buy” rating in a report on Friday, January 9th. Finally, JPMorgan Chase & Co. increased their price target on NU from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Thursday, November 20th.

NU Stock Performance

Shares of NU stock opened at $14.87 on Wednesday. The firm has a market cap of $71.63 billion, a price-to-earnings ratio of 25.63, a PEG ratio of 0.47 and a beta of 1.11. NU has a 52-week low of $9.01 and a 52-week high of $18.98. The company has a quick ratio of 0.56, a current ratio of 0.58 and a debt-to-equity ratio of 0.39. The company’s 50 day moving average is $16.88 and its 200 day moving average is $16.24.

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

Hedge Funds Weigh In On NU

Large investors have recently made changes to their positions in the company. Norges Bank acquired a new stake in NU during the second quarter valued at $626,569,000. Larch Capital Partners LLC acquired a new position in shares of NU in the fourth quarter worth about $605,829,000. Lone Pine Capital LLC purchased a new stake in shares of NU during the 3rd quarter worth about $406,757,000. Jennison Associates LLC increased its stake in shares of NU by 82.6% in the 4th quarter. Jennison Associates LLC now owns 39,370,791 shares of the company’s stock valued at $659,067,000 after purchasing an additional 17,809,644 shares in the last quarter. Finally, Atmos Capital Gestao DE Recursos LTDA. grew its stake in NU by 109.1% in the 4th quarter. Atmos Capital Gestao DE Recursos LTDA. now owns 29,813,810 shares of the company’s stock valued at $499,083,000 after acquiring an additional 15,552,726 shares during the period. 84.02% of the stock is currently owned by institutional investors and hedge funds.

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.