Analysts Set Nu Holdings Ltd. (NYSE:NU) PT at $15.47

Nu Holdings Ltd. (NYSE:NU) has earned a consensus recommendation of “Hold” from the ten analysts that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $15.47.

Several brokerages have commented on NU. UBS Group decreased their price objective on shares of NU from $15.50 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, February 18th. Citigroup lowered shares of NU from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $14.60 to $11.00 in a report on Monday, December 2nd. Barclays reduced their target price on NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. lowered their target price on NU from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Monday, February 24th.

NU Stock Down 2.6 %

Shares of NYSE:NU opened at $11.39 on Wednesday. The stock’s 50-day moving average is $12.08 and its 200 day moving average is $12.81. The company has a market cap of $54.28 billion, a PE ratio of 28.48, a P/E/G ratio of 0.48 and a beta of 1.14. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. NU has a 1 year low of $9.67 and a 1 year high of $16.15.

NU (NYSE:NU) last posted its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.12. NU had a return on equity of 30.99% and a net margin of 17.12%. The firm had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $3.17 billion. Sell-side analysts anticipate that NU will post 0.58 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of NU in the fourth quarter worth $447,762,000. State Street Corp boosted its stake in NU by 105.9% in the 3rd quarter. State Street Corp now owns 78,865,138 shares of the company’s stock worth $1,076,509,000 after purchasing an additional 40,560,986 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in NU by 2,193.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 18,109,184 shares of the company’s stock worth $187,611,000 after purchasing an additional 17,319,681 shares in the last quarter. Geode Capital Management LLC grew its position in NU by 104.3% during the 3rd quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company’s stock valued at $442,935,000 after purchasing an additional 16,638,397 shares during the last quarter. Finally, D1 Capital Partners L.P. bought a new stake in NU during the 4th quarter valued at about $154,209,000. Institutional investors own 84.02% of the company’s stock.

About NU

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.