NU (NYSE:NU) Reaches New 1-Year High – Still a Buy?

Shares of Nu Holdings Ltd. (NYSE:NU) reached a new 52-week high on Monday . The company traded as high as $16.50 and last traded at $16.0550, with a volume of 2129967 shares trading hands. The stock had previously closed at $16.11.

Wall Street Analysts Forecast Growth

NU has been the topic of a number of recent research reports. Bradesco Corretora upgraded NU to an “outperform” rating and set a $17.00 price objective on the stock in a research report on Monday, August 25th. Itau BBA Securities upgraded NU from a “market perform” rating to an “outperform” rating and set a $18.00 price objective on the stock in a research report on Monday, August 18th. Susquehanna increased their price objective on NU from $15.00 to $17.00 and gave the company a “positive” rating in a research report on Wednesday, August 27th. JPMorgan Chase & Co. raised their price target on NU from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday, September 5th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of NU in a research report on Wednesday, October 8th. Nine equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $17.10.

NU Price Performance

The company has a 50 day simple moving average of $15.48 and a 200-day simple moving average of $13.65. The stock has a market cap of $78.77 billion, a price-to-earnings ratio of 35.55, a P/E/G ratio of 0.83 and a beta of 1.08. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.24.

NU (NYSE:NU) last released its quarterly earnings results on Thursday, August 14th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. The firm had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.78 billion. NU had a return on equity of 29.91% and a net margin of 17.90%.During the same quarter last year, the business posted $0.12 EPS. Research analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Institutional Trading of NU

Hedge funds and other institutional investors have recently modified their holdings of the stock. Armstrong Advisory Group Inc. acquired a new position in NU during the second quarter worth approximately $27,000. Capital Analysts LLC acquired a new position in shares of NU in the first quarter valued at approximately $31,000. Jordan Park Group LLC grew its position in NU by 129.3% during the third quarter. Jordan Park Group LLC now owns 1,958,842 shares of the company’s stock worth $31,000 after buying an additional 1,104,421 shares in the last quarter. ORG Partners LLC grew its position in NU by 474.1% during the second quarter. ORG Partners LLC now owns 2,325 shares of the company’s stock worth $32,000 after buying an additional 1,920 shares in the last quarter. Finally, Quaker Wealth Management LLC grew its position in NU by 212.7% during the second quarter. Quaker Wealth Management LLC now owns 2,300 shares of the company’s stock worth $32,000 after buying an additional 4,341 shares in the last quarter. Institutional investors and hedge funds 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.