Nu Holdings Ltd. (NYSE:NU) Receives $15.47 Average PT from Analysts

Nu Holdings Ltd. (NYSE:NU) has earned an average recommendation of “Hold” from the ten brokerages that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $15.47.

NU has been the subject of several analyst reports. Barclays decreased their target price on NU from $17.00 to $15.00 and set an “overweight” rating for the company in a research report on Monday, February 24th. JPMorgan Chase & Co. decreased their target price on NU from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Monday, February 24th. Citigroup downgraded NU from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $14.60 to $11.00 in a research report on Monday, December 2nd. Finally, UBS Group decreased their target price on NU from $15.50 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday, February 18th.

Hedge Funds Weigh In On NU

Several institutional investors have recently bought and sold shares of NU. Piscataqua Savings Bank raised its holdings in NU by 500.0% during the fourth quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock valued at $31,000 after buying an additional 2,500 shares in the last quarter. Orion Capital Management LLC bought a new position in NU during the fourth quarter valued at about $50,000. TD Waterhouse Canada Inc. raised its holdings in NU by 190.8% during the fourth quarter. TD Waterhouse Canada Inc. now owns 4,900 shares of the company’s stock valued at $51,000 after buying an additional 3,215 shares in the last quarter. Campbell Capital Management Inc. bought a new position in NU during the fourth quarter valued at about $52,000. Finally, Cliffwater LLC bought a new position in NU during the fourth quarter valued at about $57,000. 84.02% of the stock is currently owned by institutional investors.

NU Stock Performance

NYSE NU opened at $11.62 on Wednesday. NU has a fifty-two week low of $9.67 and a fifty-two week high of $16.15. The stock has a market cap of $55.36 billion, a price-to-earnings ratio of 29.04, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. The business has a fifty day moving average of $12.05 and a 200-day moving average of $12.87. 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 (NYSE:NU) last released its earnings results on Thursday, February 20th. The company reported $0.12 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 during the quarter, compared to analyst estimates of $3.17 billion. As a group, analysts predict that NU will post 0.58 earnings per share for the current fiscal year.

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.