Nu Holdings Ltd. (NYSE:NU) Given Consensus Rating of “Moderate Buy” by Analysts

Nu Holdings Ltd. (NYSE:NU) has been assigned a consensus rating of “Moderate Buy” from the thirteen analysts that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $18.04.

Several equities research analysts have commented on NU shares. Weiss Ratings restated a “hold (c)” rating on shares of NU in a research note on Wednesday, October 8th. JPMorgan Chase & Co. increased their price objective on NU from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Thursday, November 20th. Santander raised NU from a “neutral” rating to an “outperform” rating in a research note on Thursday, December 4th. The Goldman Sachs Group reiterated a “buy” rating and set a $21.00 price target on shares of NU in a research report on Thursday, December 18th. Finally, KeyCorp raised their price target on NU from $15.00 to $19.00 and gave the company an “overweight” rating in a report on Friday, November 14th.

NU Price Performance

Shares of NYSE NU opened at $16.74 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.56 and a quick ratio of 0.56. The firm has a market capitalization of $80.64 billion, a PE ratio of 32.81, a P/E/G ratio of 0.79 and a beta of 1.07. NU has a 1-year low of $9.01 and a 1-year high of $17.84. The business’s fifty day moving average price is $16.20 and its two-hundred day moving average price is $14.68.

NU (NYSE:NU) last released its quarterly earnings results on Thursday, November 13th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.15 by $0.02. The business had revenue of $2.79 billion during 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%. On average, research analysts expect that NU will post 0.58 EPS for the current year.

Hedge Funds Weigh In On NU

Large investors have recently bought and sold shares of the stock. Armstrong Advisory Group Inc. bought a new position in shares of NU in the second quarter valued at approximately $27,000. Capital Analysts LLC bought a new position in NU during the 1st quarter valued at $31,000. Jordan Park Group LLC boosted its stake in NU by 129.3% during the 3rd quarter. Jordan Park Group LLC now owns 1,958,842 shares of the company’s stock valued at $31,000 after purchasing an additional 1,104,421 shares in the last quarter. ORG Partners LLC increased its position in shares of NU by 474.1% during the 2nd quarter. ORG Partners LLC now owns 2,325 shares of the company’s stock valued at $32,000 after purchasing an additional 1,920 shares during the period. Finally, Quaker Wealth Management LLC raised its stake in shares of NU by 212.7% in the 2nd 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 (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.