Analysts Set Nu Holdings Ltd. (NYSE:NU) PT at $17.91

Nu Holdings Ltd. (NYSE:NU) has been assigned a consensus rating of “Moderate Buy” from the fourteen analysts that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and nine have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $17.9111.

A number of brokerages have recently issued reports on NU. Weiss Ratings downgraded shares of NU from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, August 21st. Scotiabank cut NU to a “sector perform” rating and set a $13.00 target price on the stock. in a report on Wednesday, June 3rd. Bank of America reiterated an “underperform” rating on shares of NU in a research report on Tuesday, June 2nd. UBS Group boosted their price target on NU from $16.90 to $18.20 and gave the company a “buy” rating in a report on Thursday, August 20th. Finally, Wolfe Research reduced their price target on NU from $18.00 to $17.00 and set an “outperform” rating for the company in a research report on Tuesday.

NU Stock Performance

NU opened at $14.31 on Wednesday. The company’s 50 day moving average is $13.99 and its 200 day moving average is $14.15. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.35. The company has a market cap of $69.48 billion, a price-to-earnings ratio of 19.34, a PEG ratio of 0.58 and a beta of 0.94. NU has a 12-month low of $11.20 and a 12-month high of $18.98.

NU (NYSE:NU) last announced its earnings results on Tuesday, June 30th. The company reported $0.22 EPS for the quarter. NU had a net margin of 18.65% and a return on equity of 31.59%. The business had revenue of $5.88 billion during the quarter. On average, equities research analysts predict that NU will post 0.86 EPS for the current year.

NU declared that its board has authorized a share buyback plan on Thursday, June 4th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In related news, CEO Cristina Helena Zing Junqueira sold 65,000 shares of the stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $14.71, for a total value of $956,150.00. Following the completion of the sale, the chief executive officer directly owned 2,542,083 shares of the company’s stock, valued at approximately $37,394,040.93. This represents a 2.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Henrique Camossa Sald Fragelli sold 221,707 shares of the stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $15.81, for a total transaction of $3,505,187.67. Following the completion of the sale, the insider directly owned 979,446 shares of the company’s stock, valued at $15,485,041.26. This represents a 18.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 361,707 shares of company stock valued at $5,626,338. 1.20% of the stock is currently owned by corporate insiders.

Institutional Trading of NU

Hedge funds and other institutional investors have recently modified their holdings of the company. Morgan Stanley lifted its stake in shares of NU by 2.9% during the 4th quarter. Morgan Stanley now owns 121,350,701 shares of the company’s stock valued at $2,031,411,000 after buying an additional 3,419,077 shares in the last quarter. State Street Corp increased its stake in NU by 0.3% in the 3rd quarter. State Street Corp now owns 91,478,395 shares of the company’s stock worth $1,464,569,000 after buying an additional 239,660 shares in the last quarter. Bank of America Corp DE raised its holdings in NU by 8.6% during the first quarter. Bank of America Corp DE now owns 45,966,932 shares of the company’s stock valued at $660,545,000 after acquiring an additional 3,656,945 shares during the period. Norges Bank bought a new stake in NU during the fourth quarter valued at about $763,792,000. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of NU by 11.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 42,602,086 shares of the company’s stock valued at $713,160,000 after acquiring an additional 4,215,824 shares in the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.

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.