NU (NYSE:NU) Reaches New 52-Week High at $15.10

Nu Holdings Ltd. (NYSE:NU) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $15.10 and last traded at $15.09, with a volume of 6330439 shares trading hands. The stock had previously closed at $14.89.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. The Goldman Sachs Group increased their target price on shares of NU from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Bank of America boosted their target price on NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Susquehanna reiterated a “positive” rating and set a $16.00 price target on shares of NU in a report on Thursday, August 15th. UBS Group cut shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 price objective for the company. in a research note on Friday, August 2nd. Finally, Barclays upped their price objective on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $14.08.

NU Trading Up 1.7 %

The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.49. The stock has a market capitalization of $72.16 billion, a price-to-earnings ratio of 57.42, a PEG ratio of 0.68 and a beta of 1.17. The company’s 50 day moving average is $13.36 and its 200 day moving average is $12.30.

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. NU had a net margin of 15.11% and a return on equity of 27.00%. The business had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter last year, the company earned $0.05 earnings per share. On average, research analysts forecast that Nu Holdings Ltd. will post 0.4 EPS for the current fiscal year.

Institutional Investors Weigh In On NU

Institutional investors have recently bought and sold shares of the business. Bleakley Financial Group LLC acquired a new stake in shares of NU during the 1st quarter valued at about $152,000. Wasatch Advisors LP boosted its holdings in NU by 19.4% during the fourth quarter. Wasatch Advisors LP now owns 23,949,214 shares of the company’s stock valued at $199,497,000 after purchasing an additional 3,886,442 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. bought a new stake in shares of NU in the 1st quarter valued at approximately $1,958,000. Vaughan Nelson Investment Management L.P. raised its holdings in shares of NU by 499.9% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 413,165 shares of the company’s stock worth $5,326,000 after buying an additional 344,295 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of NU during the 1st quarter worth approximately $597,000. 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.