Nu Holdings Ltd. (NYSE:NU) Receives $15.21 Average Price Target from Brokerages

Nu Holdings Ltd. (NYSE:NU) has been assigned an average recommendation of “Moderate Buy” from the nine analysts that are presently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $16.21.

Several analysts have commented on the company. Barclays lifted their price target on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, August 16th. UBS Group downgraded shares of 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. KeyCorp increased their price target on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. The Goldman Sachs Group boosted their price objective on shares of NU from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, Susquehanna increased their target price on NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th.

Institutional Trading of NU

A number of institutional investors have recently added to or reduced their stakes in the business. Massmutual Trust Co. FSB ADV grew its stake in shares of NU by 287.9% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock valued at $26,000 after acquiring an additional 1,422 shares in the last quarter. GAMMA Investing LLC raised its position in shares of NU by 56.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock valued at $29,000 after acquiring an additional 815 shares in the last quarter. Carolina Wealth Advisors LLC bought a new position in shares of NU in the 3rd quarter worth about $44,000. ORG Partners LLC bought a new position in shares of NU in the 2nd quarter worth about $54,000. Finally, Toth Financial Advisory Corp acquired a new stake in NU during the third quarter worth about $55,000. 80.90% of the stock is owned by hedge funds and other institutional investors.

NU Price Performance

NU stock opened at $13.32 on Thursday. The stock has a market capitalization of $63.46 billion, a price-to-earnings ratio of 36.99, a price-to-earnings-growth ratio of 0.64 and a beta of 1.13. The stock’s fifty day simple moving average is $14.45 and its 200-day simple moving average is $13.27. NU has a 52-week low of $8.04 and a 52-week high of $16.15. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20.

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.