Nu Holdings Ltd. (NYSE:NU) Receives $18.46 Consensus Price Target from Brokerages

Nu Holdings Ltd. (NYSE:NU) has been assigned a consensus rating of “Moderate Buy” from the fourteen analysts that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $18.39.

Several equities research analysts recently issued reports on the company. CICC Research assumed coverage on NU in a report on Tuesday, April 14th. They set an “outperform” rating and a $18.00 price target for the company. Weiss Ratings downgraded NU from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 13th. Itau BBA Securities reaffirmed an “outperform” rating on shares of NU in a research report on Tuesday, March 17th. Bank of America reaffirmed a “neutral” rating on shares of NU in a research report on Monday, March 9th. Finally, UBS Group decreased their price target on NU from $18.10 to $16.90 and set a “buy” rating for the company in a research report on Wednesday.

Insider Buying and Selling

In related news, Director Anita M. Sands sold 21,000 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $12.24, for a total transaction of $257,040.00. Following the completion of the sale, the director directly owned 162,150 shares of the company’s stock, valued at approximately $1,984,716. This trade represents a 11.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $14.81, for a total value of $4,443,000.00. Following the sale, the chief executive officer directly owned 2,312,338 shares of the company’s stock, valued at $34,245,725.78. The trade was a 11.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.20% of the company’s stock.

Institutional Trading of NU

Institutional investors and hedge funds have recently modified their holdings of the business. Baillie Gifford & Co. increased its position in NU by 2.3% in the fourth quarter. Baillie Gifford & Co. now owns 257,256,952 shares of the company’s stock worth $4,306,481,000 after buying an additional 5,797,365 shares during the last quarter. Morgan Stanley increased its position in NU by 2.9% in the fourth quarter. Morgan Stanley now owns 121,350,701 shares of the company’s stock worth $2,031,411,000 after buying an additional 3,419,077 shares during the last quarter. State Street Corp increased its position in NU by 0.3% in the third quarter. State Street Corp now owns 91,478,395 shares of the company’s stock worth $1,464,569,000 after buying an additional 239,660 shares during the last quarter. WCM Investment Management LLC boosted its holdings in shares of NU by 0.9% in the third quarter. WCM Investment Management LLC now owns 74,478,698 shares of the company’s stock worth $1,187,935,000 after acquiring an additional 659,526 shares during the period. Finally, Bank of America Corp DE boosted its holdings in shares of NU by 8.6% in the first quarter. Bank of America Corp DE now owns 45,966,932 shares of the company’s stock worth $660,545,000 after acquiring an additional 3,656,945 shares during the period. 84.02% of the stock is owned by hedge funds and other institutional investors.

NU Trading Down 3.2%

Shares of NU stock opened at $12.74 on Monday. The stock has a fifty day simple moving average of $14.11 and a 200 day simple moving average of $15.77. NU has a 12-month low of $11.71 and a 12-month high of $18.98. The company has a market capitalization of $61.84 billion, a P/E ratio of 19.59, a price-to-earnings-growth ratio of 0.53 and a beta of 1.01. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.36.

NU (NYSE:NU) last announced its quarterly earnings results on Friday, May 15th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01). NU had a return on equity of 30.91% and a net margin of 18.20%.The company had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.06 billion. On average, sell-side analysts anticipate that NU will post 0.84 earnings per share for the current fiscal year.

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.