UBS Group Lowers NU (NYSE:NU) Price Target to $15.00

NU (NYSE:NU) had its price target lowered by research analysts at UBS Group from $15.50 to $15.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s target price would indicate a potential upside of 10.25% from the stock’s current price.

A number of other brokerages have also weighed in on NU. KeyCorp boosted their target price on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Citigroup lowered shares of NU from a “neutral” rating to a “sell” rating and reduced their price target for the company from $14.60 to $11.00 in a research report on Monday, December 2nd. The Goldman Sachs Group upped their price target on shares of NU from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Itau BBA Securities downgraded NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. Finally, Susquehanna boosted their price objective on NU from $16.00 to $18.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $15.80.

NU Stock Performance

NYSE:NU opened at $13.61 on Tuesday. The stock has a market cap of $64.84 billion, a P/E ratio of 37.76, a price-to-earnings-growth ratio of 0.49 and a beta of 1.10. The firm’s fifty day simple moving average is $11.86 and its 200 day simple moving average is $13.21. NU has a twelve month low of $9.67 and a twelve month 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.

Institutional Trading of NU

A number of hedge funds and other institutional investors have recently bought and sold shares of NU. Piscataqua Savings Bank boosted its position in NU by 500.0% during the fourth quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock valued at $31,000 after purchasing an additional 2,500 shares in the last quarter. Orion Capital Management LLC acquired a new stake in NU in the fourth quarter worth about $50,000. TD Waterhouse Canada Inc. boosted its holdings in NU by 190.8% in the fourth quarter. TD Waterhouse Canada Inc. now owns 4,900 shares of the company’s stock worth $51,000 after acquiring an additional 3,215 shares in the last quarter. Campbell Capital Management Inc. acquired a new stake in NU in the fourth quarter worth about $52,000. Finally, Toth Financial Advisory Corp purchased a new position in shares of NU in the third quarter worth about $55,000. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Company Profile

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.