NU (NYSE:NU) Announces Quarterly Earnings Results

NU (NYSE:NU) posted its quarterly earnings data on Wednesday. The company reported $0.18 EPS for the quarter, meeting analysts’ consensus estimates of $0.18, FiscalAI reports. NU had a net margin of 17.97% and a return on equity of 30.12%. The company had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.55 billion.

NU Price Performance

Shares of NYSE:NU traded up $0.09 on Wednesday, reaching $16.62. 64,588,267 shares of the company were exchanged, compared to its average volume of 50,130,297. The company has a 50-day moving average of $17.18 and a 200-day moving average of $16.09. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.29. The firm has a market cap of $80.09 billion, a price-to-earnings ratio of 32.59, a price-to-earnings-growth ratio of 0.53 and a beta of 1.08. NU has a 1-year low of $9.01 and a 1-year high of $18.98.

Analyst Ratings Changes

NU has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their target price on NU from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Thursday, November 20th. KeyCorp increased their price target on NU from $15.00 to $19.00 and gave the stock an “overweight” rating in a report on Friday, November 14th. UBS Group boosted their price objective on shares of NU from $16.00 to $18.40 and gave the company a “neutral” rating in a research note on Thursday, December 4th. Itau BBA Securities restated an “outperform” rating on shares of NU in a research report on Tuesday. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $21.00 target price on shares of NU in a report on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, NU presently has an average rating of “Moderate Buy” and a consensus target price of $18.34.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd boosted its stake in shares of NU by 14,810.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,491 shares of the company’s stock worth $25,000 after acquiring an additional 1,481 shares in the last quarter. Zions Bancorporation National Association UT acquired a new position in NU during the fourth quarter worth $27,000. Hollencrest Capital Management purchased a new stake in NU during the fourth quarter worth $33,000. EverSource Wealth Advisors LLC grew its holdings in NU by 63.5% in the second quarter. EverSource Wealth Advisors LLC now owns 3,768 shares of the company’s stock valued at $52,000 after purchasing an additional 1,464 shares during the last quarter. Finally, Brown Brothers Harriman & Co. grew its holdings in NU by 61.4% in the fourth quarter. Brown Brothers Harriman & Co. now owns 3,260 shares of the company’s stock valued at $55,000 after purchasing an additional 1,240 shares during the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.

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.