Analysts Set Nu Holdings Ltd. (NYSE:NU) PT at $18.34

Shares of Nu Holdings Ltd. (NYSE:NU) have earned an average rating of “Moderate Buy” from the fourteen analysts that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $18.34.

Several research firms have commented on NU. Zacks Research raised shares of NU from a “hold” rating to a “strong-buy” rating in a report on Friday, January 9th. UBS Group boosted their price objective on shares of NU from $16.00 to $18.40 and gave the company a “neutral” rating in a research report on Thursday, December 4th. Santander raised NU from a “neutral” rating to an “outperform” rating in a report on Thursday, December 4th. The Goldman Sachs Group reiterated a “buy” rating and issued a $21.00 price target on shares of NU in a research note on Thursday, December 18th. Finally, Susquehanna upped their price objective on NU from $19.00 to $22.00 and gave the stock a “positive” rating in a research report on Tuesday, January 27th.

NU Stock Performance

Shares of NU opened at $17.50 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.29. NU has a 12 month low of $9.01 and a 12 month high of $18.98. The firm has a fifty day simple moving average of $17.15 and a 200 day simple moving average of $15.73. The stock has a market capitalization of $84.33 billion, a price-to-earnings ratio of 34.31, a PEG ratio of 0.56 and a beta of 1.08.

NU (NYSE:NU) last posted its quarterly earnings results on Thursday, November 13th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.02. The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $3.96 billion. NU had a net margin of 17.97% and a return on equity of 30.12%. Research analysts forecast that NU will post 0.58 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of NU. Rathbones Group PLC boosted its stake in shares of NU by 119.0% during the second quarter. Rathbones Group PLC now owns 147,590 shares of the company’s stock valued at $2,025,000 after purchasing an additional 80,200 shares during the period. Itau Unibanco Holding S.A. bought a new stake in NU during the 2nd quarter valued at $39,848,000. Sumitomo Mitsui Trust Group Inc. boosted its position in NU by 14.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 13,695,159 shares of the company’s stock valued at $219,259,000 after buying an additional 1,703,787 shares during the period. Washington University boosted its position in NU by 1.5% during the 3rd quarter. Washington University now owns 10,566,927 shares of the company’s stock valued at $169,177,000 after buying an additional 158,731 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in NU by 39.9% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 95,879 shares of the company’s stock worth $1,315,000 after acquiring an additional 27,335 shares during the last quarter. 84.02% of the stock is owned by institutional investors.

About NU

Nu Holdings Ltd (NYSE: NU), commonly known by its consumer brand Nubank, is a Latin American financial technology company that provides digital banking and financial services through a mobile-first platform. The company’s core offerings include no-fee digital checking accounts, credit cards, personal loans, payments and transfers, and a range of savings and investment products. Nubank emphasizes a streamlined customer experience delivered via its smartphone app, combined with data-driven underwriting and automated customer service tools.

Founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nu grew rapidly by targeting underbanked and digitally savvy consumers in Latin America with low-fee, transparent products.