NU (NYSE:NU) Raised to “Buy” at UBS Group

NU (NYSE:NU) was upgraded by stock analysts at UBS Group from a “neutral” rating to a “buy” rating in a report released on Thursday,Finviz reports. The firm presently has a $17.60 price objective on the stock. UBS Group’s price target points to a potential upside of 26.07% from the company’s previous close.

NU has been the topic of several other reports. The Goldman Sachs Group reissued a “buy” rating and issued a $21.00 target price on shares of NU in a research report on Thursday, December 18th. Santander raised shares of NU from a “neutral” rating to an “outperform” rating in a report on Thursday, December 4th. Bank of America reaffirmed a “neutral” rating on shares of NU in a report on Monday, March 9th. Susquehanna lifted their price objective on NU from $19.00 to $22.00 and gave the company a “positive” rating in a research note on Tuesday, January 27th. Finally, JPMorgan Chase & Co. boosted their price objective on NU from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Thursday, November 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, NU presently has a consensus rating of “Buy” and a consensus target price of $18.26.

NU Stock Down 2.0%

Shares of NU stock opened at $13.96 on Thursday. The stock’s fifty day moving average price is $16.50 and its 200 day moving average price is $16.21. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.58 and a quick ratio of 0.56. NU has a 1-year low of $9.01 and a 1-year high of $18.98. The company has a market cap of $67.27 billion, a price-to-earnings ratio of 24.07, a price-to-earnings-growth ratio of 0.56 and a beta of 1.11.

NU (NYSE:NU) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.01. The business had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.55 billion. NU had a return on equity of 30.68% and a net margin of 18.19%. On average, research analysts expect that NU will post 0.58 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NU

A number of large investors have recently added to or reduced their stakes in the stock. Osbon Capital Management LLC acquired a new position in shares of NU during the 4th quarter worth about $227,000. World Investment Advisors boosted its stake in NU by 20.4% during the 4th quarter. World Investment Advisors now owns 15,579 shares of the company’s stock worth $261,000 after purchasing an additional 2,638 shares during the last quarter. ARP Global Capital Ltd acquired a new stake in NU during the 4th quarter worth $5,628,000. Larry Mathis Financial Planning LLC purchased a new stake in shares of NU during the fourth quarter worth $721,000. Finally, Corient Private Wealth LLC raised its position in shares of NU by 1.7% in the fourth quarter. Corient Private Wealth LLC now owns 126,662 shares of the company’s stock valued at $2,120,000 after buying an additional 2,174 shares during the last quarter. 84.02% of the stock is currently owned by institutional investors and hedge funds.

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.