NU (NYSE:NU) Given New $17.20 Price Target at UBS Group

NU (NYSE:NU) had its price objective decreased by UBS Group from $18.40 to $17.20 in a report released on Wednesday,Benzinga reports. UBS Group currently has a neutral rating on the stock.

A number of other analysts have also recently weighed in on the stock. KeyCorp boosted their target price on shares of NU from $15.00 to $19.00 and gave the stock an “overweight” rating in a research note on Friday, November 14th. JPMorgan Chase & Co. boosted their price objective on NU from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Thursday, November 20th. Santander raised NU from a “neutral” rating to an “outperform” rating in a report on Thursday, December 4th. The Goldman Sachs Group reiterated a “buy” rating and issued a $21.00 target price on shares of NU in a research report on Thursday, December 18th. Finally, Itau BBA Securities restated an “outperform” rating on shares of NU in a report on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.22.

NU Stock Up 1.7%

Shares of NYSE NU opened at $15.01 on Wednesday. The company has a market cap of $72.33 billion, a price-to-earnings ratio of 25.88, a PEG ratio of 0.48 and a beta of 1.11. The company has a current ratio of 0.58, a quick ratio of 0.56 and a debt-to-equity ratio of 0.39. NU has a 12 month low of $9.01 and a 12 month high of $18.98. The stock has a 50-day moving average price of $17.04 and a two-hundred day moving average price of $16.19.

NU (NYSE:NU) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.01. The company had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.55 billion. NU had a net margin of 18.19% and a return on equity of 30.68%. As a group, analysts forecast that NU will post 0.58 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NU

A number of institutional investors have recently made changes to their positions in NU. Norges Bank bought a new position in shares of NU during the second quarter worth about $626,569,000. Larch Capital Partners LLC acquired a new stake in NU during the 4th quarter valued at approximately $605,829,000. Lone Pine Capital LLC bought a new position in NU during the 3rd quarter worth approximately $406,757,000. Jennison Associates LLC raised its holdings in NU by 82.6% during the 4th quarter. Jennison Associates LLC now owns 39,370,791 shares of the company’s stock worth $659,067,000 after purchasing an additional 17,809,644 shares during the last quarter. Finally, Atmos Capital Gestao DE Recursos LTDA. lifted its position in shares of NU by 109.1% in the 4th quarter. Atmos Capital Gestao DE Recursos LTDA. now owns 29,813,810 shares of the company’s stock worth $499,083,000 after purchasing an additional 15,552,726 shares during the period. Institutional investors own 84.02% of the company’s stock.

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.