NU (NYSE:NU) Sets New 52-Week High Following Analyst Upgrade

Nu Holdings Ltd. (NYSE:NU)’s share price reached a new 52-week high during trading on Monday after Jefferies Financial Group raised their price target on the stock from $10.80 to $15.20. Jefferies Financial Group currently has a buy rating on the stock. NU traded as high as $12.95 and last traded at $12.39, with a volume of 10266718 shares changing hands. The stock had previously closed at $12.25.

Other analysts have also recently issued research reports about the company. KeyCorp lifted their price objective on NU from $12.00 to $13.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. TheStreet upgraded NU from a “c+” rating to a “b” rating in a report on Friday, March 8th. Finally, Susquehanna lifted their price target on NU from $12.00 to $14.00 and gave the company a “positive” rating in a report on Wednesday, May 15th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $11.29.

Hedge Funds Weigh In On NU

Several hedge funds and other institutional investors have recently bought and sold shares of NU. Itau Unibanco Holding S.A. grew its stake in NU by 401.5% during the 3rd quarter. Itau Unibanco Holding S.A. now owns 1,143,834 shares of the company’s stock worth $8,293,000 after buying an additional 915,773 shares during the last quarter. Morgan Stanley grew its stake in NU by 7.1% during the 3rd quarter. Morgan Stanley now owns 61,260,423 shares of the company’s stock worth $444,138,000 after buying an additional 4,044,904 shares during the last quarter. Hsbc Holdings PLC grew its stake in NU by 39.0% during the 3rd quarter. Hsbc Holdings PLC now owns 1,120,216 shares of the company’s stock worth $8,141,000 after buying an additional 314,131 shares during the last quarter. Raymond James & Associates grew its stake in NU by 1,235.7% during the 4th quarter. Raymond James & Associates now owns 371,729 shares of the company’s stock worth $3,096,000 after buying an additional 343,899 shares during the last quarter. Finally, Oak Thistle LLC bought a new position in NU during the 4th quarter worth $309,000. 80.90% of the stock is owned by institutional investors and hedge funds.

NU Stock Up 5.4 %

The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.21. The stock has a 50-day simple moving average of $11.58 and a 200-day simple moving average of $10.60. The company has a market cap of $59.57 billion, a price-to-earnings ratio of 48.08, a price-to-earnings-growth ratio of 0.56 and a beta of 1.13.

NU (NYSE:NU) last announced its quarterly earnings results on Tuesday, May 14th. The company reported $0.09 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.09. NU had a return on equity of 22.94% and a net margin of 13.86%. The company had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.58 billion. As a group, analysts predict that Nu Holdings Ltd. will post 0.41 EPS for the current year.

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.