Nu Holdings Ltd. (NYSE:NU) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Nu Holdings Ltd. (NYSE:NU) have earned an average rating of “Moderate Buy” from the fourteen analysts that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $18.46.

A number of analysts recently weighed in on the stock. Susquehanna upped their target price on shares of NU from $19.00 to $22.00 and gave the stock a “positive” rating in a research note on Tuesday, January 27th. Bank of America reaffirmed a “neutral” rating on shares of NU in a report on Monday, March 9th. Zacks Research downgraded NU from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Weiss Ratings raised NU from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 18th. Finally, Itau BBA Securities reaffirmed an “outperform” rating on shares of NU in a report on Tuesday, March 17th.

NU Stock Down 3.1%

NU stock opened at $14.06 on Thursday. The company’s 50 day moving average price is $14.77 and its 200 day moving average price is $16.00. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.58 and a current ratio of 0.58. NU has a fifty-two week low of $11.71 and a fifty-two week high of $18.98. The firm has a market capitalization of $68.25 billion, a price-to-earnings ratio of 24.23, a PEG ratio of 0.59 and a beta of 1.10.

NU (NYSE:NU) last released its earnings results on Wednesday, February 25th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. NU had a net margin of 18.19% and a return on equity of 30.68%. The firm had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.55 billion. On average, equities research analysts anticipate that NU will post 0.84 EPS for the current fiscal year.

Insider Transactions at NU

In other NU news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of NU stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $14.81, for a total transaction of $4,443,000.00. Following the completion of the sale, the chief executive officer directly owned 2,312,338 shares of the company’s stock, valued at $34,245,725.78. The trade was a 11.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.20% of the stock is owned by company insiders.

Institutional Trading of NU

A number of institutional investors have recently bought and sold shares of NU. Sumitomo Mitsui Trust Group Inc. increased its position in shares of NU by 14.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 13,695,159 shares of the company’s stock worth $219,259,000 after purchasing an additional 1,703,787 shares in the last quarter. Washington University increased its position in shares of NU by 1.5% during the third quarter. Washington University now owns 10,566,927 shares of the company’s stock worth $169,177,000 after purchasing an additional 158,731 shares in the last quarter. Mawer Investment Management Ltd. acquired a new stake in shares of NU in the third quarter valued at approximately $10,829,000. WCM Investment Management LLC boosted its holdings in shares of NU by 0.9% in the third quarter. WCM Investment Management LLC now owns 74,478,698 shares of the company’s stock valued at $1,187,935,000 after acquiring an additional 659,526 shares during the period. Finally, Genoa Capital Gestora de Recursos Ltda. acquired a new stake in shares of NU in the fourth quarter valued at approximately $3,869,000. 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.