NU (NYSE:NU) PT Raised to $17.00 at Barclays

NU (NYSE:NU) had its price target lifted by Barclays from $15.00 to $17.00 in a research report sent to investors on Friday morning, Benzinga reports. They currently have an overweight rating on the stock.

NU has been the topic of a number of other reports. KeyCorp raised their price target on shares of NU from $12.00 to $13.00 and gave the company an overweight rating in a research note on Monday, April 22nd. The Goldman Sachs Group raised their target price on shares of NU from $15.00 to $17.00 and gave the company a buy rating in a research report on Thursday, July 11th. Susquehanna reiterated a positive rating and set a $16.00 price target on shares of NU in a report on Thursday, August 15th. Jefferies Financial Group raised their price objective on NU from $10.80 to $15.20 and gave the company a buy rating in a report on Monday, June 24th. Finally, UBS Group cut NU from a buy rating to a neutral rating and set a $13.50 target price for the company. in a report on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, NU currently has a consensus rating of Moderate Buy and an average target price of $13.43.

NU Stock Performance

Shares of NYSE:NU opened at $14.45 on Friday. NU has a 1 year low of $6.63 and a 1 year high of $14.46. The stock has a market capitalization of $68.84 billion, a price-to-earnings ratio of 55.56, a price-to-earnings-growth ratio of 0.54 and a beta of 1.13. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.40 and a quick ratio of 0.40. The company’s 50 day simple moving average is $12.48 and its 200 day simple moving average is $11.70.

NU (NYSE:NU) last issued its quarterly earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.02. NU had a return on equity of 22.94% and a net margin of 13.86%. The company had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same quarter last year, the company posted $0.05 EPS. As a group, research analysts predict that NU will post 0.41 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in NU. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of NU by 10.1% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 14,550 shares of the company’s stock worth $121,000 after buying an additional 1,330 shares in the last quarter. Tennessee Valley Asset Management Partners bought a new position in NU during the fourth quarter worth $52,000. Ninety One UK Ltd acquired a new stake in NU in the fourth quarter worth $2,370,000. abrdn plc increased its stake in NU by 110.9% in the fourth quarter. abrdn plc now owns 767,497 shares of the company’s stock valued at $6,370,000 after purchasing an additional 403,656 shares in the last quarter. Finally, Verdence Capital Advisors LLC raised its holdings in shares of NU by 65.2% during the fourth quarter. Verdence Capital Advisors LLC now owns 16,517 shares of the company’s stock valued at $138,000 after purchasing an additional 6,517 shares during the period. 80.90% of the stock is owned by institutional investors.

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.