JPMorgan Chase & Co. Increases NU (NYSE:NU) Price Target to $15.00

NU (NYSE:NU) had its price objective upped by investment analysts at JPMorgan Chase & Co. from $14.50 to $15.00 in a report issued on Monday, Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 3.84% from the company’s current price.

Several other analysts have also recently weighed in on the stock. KeyCorp raised their target price on shares of NU from $12.00 to $13.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. UBS Group lowered shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 price objective on the stock. in a report on Friday, August 2nd. Barclays boosted their target price on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Susquehanna restated a “positive” rating and issued a $16.00 price target on shares of NU in a research note on Thursday, August 15th. Finally, The Goldman Sachs Group lifted their price target on NU from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.43.

NU Price Performance

Shares of NYSE NU opened at $14.45 on Monday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.21. The business’s 50 day moving average is $12.54 and its two-hundred day moving average is $11.73. NU has a 52-week low of $6.63 and a 52-week high of $14.50. The firm has a market cap of $68.84 billion, a price-to-earnings ratio of 55.56, a PEG ratio of 0.54 and a beta of 1.13.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. B. Riley Wealth Advisors Inc. purchased a new stake in NU during the second quarter worth about $135,000. NewEdge Advisors LLC purchased a new stake in shares of NU during the 2nd quarter worth approximately $2,148,000. Creative Planning grew its holdings in shares of NU by 1,937.0% in the 2nd quarter. Creative Planning now owns 418,624 shares of the company’s stock worth $5,396,000 after acquiring an additional 398,073 shares during the period. Driehaus Capital Management LLC purchased a new position in NU in the 2nd quarter valued at approximately $36,866,000. Finally, The Manufacturers Life Insurance Company raised its holdings in NU by 9.7% during the second quarter. The Manufacturers Life Insurance Company now owns 314,189 shares of the company’s stock worth $4,050,000 after purchasing an additional 27,662 shares during the last quarter. Institutional investors and hedge funds own 80.90% of the company’s stock.

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.