Nu Holdings Ltd. (NYSE:NU) Receives $15.63 Consensus PT from Analysts

Nu Holdings Ltd. (NYSE:NU) has been assigned an average rating of “Hold” from the ten analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $15.63.

NU has been the topic of a number of recent analyst reports. KeyCorp increased their target price on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. The Goldman Sachs Group raised their price objective on NU from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Susquehanna boosted their target price on NU from $16.00 to $18.00 and gave the company a “positive” rating in a 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, Citigroup cut NU from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $14.60 to $11.00 in a research note on Monday, December 2nd.

NU Stock Performance

Shares of NU stock opened at $10.97 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. NU has a 52 week low of $8.09 and a 52 week high of $16.15. The firm’s 50 day moving average is $12.83 and its two-hundred day moving average is $13.26. The firm has a market capitalization of $52.28 billion, a P/E ratio of 30.47, a P/E/G ratio of 0.59 and a beta of 0.99.

Hedge Funds Weigh In On NU

Hedge funds and other institutional investors have recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV lifted its stake in shares of NU by 287.9% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock worth $26,000 after acquiring an additional 1,422 shares during the period. Carolina Wealth Advisors LLC purchased a new position in NU during the third quarter worth about $44,000. Toth Financial Advisory Corp acquired a new stake in NU in the third quarter valued at about $55,000. GAMMA Investing LLC increased its position in NU by 81.9% during the 3rd quarter. GAMMA Investing LLC now owns 4,119 shares of the company’s stock worth $56,000 after purchasing an additional 1,855 shares during the period. Finally, Huntington National Bank raised its stake in shares of NU by 86.3% during the 3rd quarter. Huntington National Bank now owns 4,601 shares of the company’s stock worth $63,000 after buying an additional 2,131 shares in the last quarter. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

About NU

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.