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

Shares of Nu Holdings Ltd. (NYSE:NU) have been assigned a consensus rating of “Moderate Buy” from the fourteen research firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $18.26.

Several equities research analysts have weighed in on NU shares. Bank of America restated a “neutral” rating on shares of NU in a research note on Monday, March 9th. Zacks Research lowered NU from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. UBS Group raised NU from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $17.20 to $17.60 in a report on Thursday, March 19th. Susquehanna upped their price objective on NU from $19.00 to $22.00 and gave the stock a “positive” rating in a research report on Tuesday, January 27th. Finally, Itau BBA Securities reaffirmed an “outperform” rating on shares of NU in a research note on Tuesday, March 17th.

NU Trading Up 0.0%

Shares of NU stock opened at $14.15 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.56 and a current ratio of 0.58. The firm has a 50-day moving average of $15.78 and a 200-day moving average of $16.11. NU has a 52-week low of $9.01 and a 52-week high of $18.98. The stock has a market cap of $68.20 billion, a PE ratio of 24.40, a PEG ratio of 0.55 and a beta of 1.10.

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

Insider Activity at NU

In other NU news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $14.81, for a total value of $4,443,000.00. Following the completion of the transaction, the chief executive officer directly owned 2,312,338 shares in the company, valued at approximately $34,245,725.78. This trade represents a 11.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On NU

Large investors have recently bought and sold shares of the stock. Prudential Financial Inc. raised its position in shares of NU by 186.3% during the second quarter. Prudential Financial Inc. now owns 403,641 shares of the company’s stock worth $5,675,000 after purchasing an additional 262,671 shares during the period. Steward Partners Investment Advisory LLC increased its stake in NU by 3.8% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 155,465 shares of the company’s stock valued at $2,133,000 after purchasing an additional 5,646 shares in the last quarter. Advisors Asset Management Inc. increased its stake in NU by 45.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 54,275 shares of the company’s stock valued at $745,000 after purchasing an additional 16,980 shares in the last quarter. Choreo LLC raised its holdings in NU by 12.6% during the second quarter. Choreo LLC now owns 75,961 shares of the company’s stock worth $1,042,000 after buying an additional 8,484 shares during the last quarter. Finally, Korea Investment CORP raised its holdings in NU by 0.8% during the second quarter. Korea Investment CORP now owns 1,248,200 shares of the company’s stock worth $17,125,000 after buying an additional 9,400 shares during the last quarter. 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.