Nu Holdings Ltd. (NYSE:NU) Receives Consensus Rating of “Moderate Buy” from Brokerages

Nu Holdings Ltd. (NYSE:NU) has earned an average rating of “Moderate Buy” from the fourteen analysts that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $18.04.

A number of equities research analysts have recently issued reports on NU shares. KeyCorp lifted their price target on shares of NU from $15.00 to $19.00 and gave the company an “overweight” rating in a research report on Friday, November 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NU in a report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their target price on NU from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Thursday, November 20th. Santander upgraded NU from a “neutral” rating to an “outperform” rating in a research report on Thursday, December 4th. Finally, Zacks Research raised NU from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 9th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Armstrong Advisory Group Inc. purchased a new stake in NU during the 2nd quarter worth about $27,000. Jordan Park Group LLC grew its holdings in shares of NU by 129.3% during the third quarter. Jordan Park Group LLC now owns 1,958,842 shares of the company’s stock worth $31,000 after buying an additional 1,104,421 shares in the last quarter. ORG Partners LLC raised its position in shares of NU by 474.1% in the second quarter. ORG Partners LLC now owns 2,325 shares of the company’s stock valued at $32,000 after buying an additional 1,920 shares during the last quarter. Quaker Wealth Management LLC lifted its stake in shares of NU by 212.7% during the second quarter. Quaker Wealth Management LLC now owns 2,300 shares of the company’s stock valued at $32,000 after buying an additional 4,341 shares during the period. Finally, Allworth Financial LP lifted its stake in shares of NU by 166.6% during the second quarter. Allworth Financial LP now owns 2,562 shares of the company’s stock valued at $35,000 after buying an additional 1,601 shares during the period. 84.02% of the stock is currently owned by institutional investors and hedge funds.

NU Stock Performance

NYSE:NU opened at $16.61 on Tuesday. The stock has a market capitalization of $80.04 billion, a price-to-earnings ratio of 32.57, a PEG ratio of 0.55 and a beta of 1.08. NU has a 1 year low of $9.01 and a 1 year high of $18.37. The stock has a fifty day moving average price of $16.67 and a two-hundred day moving average price of $15.21. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.56 and a current ratio of 0.56.

NU (NYSE:NU) last announced its quarterly earnings results on Thursday, November 13th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $3.96 billion. NU had a net margin of 17.97% and a return on equity of 30.12%. As a group, sell-side analysts anticipate that NU will post 0.58 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.