NU (NYSE:NU) Shares Gap Up After Strong Earnings

Shares of Nu Holdings Ltd. (NYSE:NU) gapped up before the market opened on Friday after the company announced better than expected quarterly earnings. The stock had previously closed at $13.93, but opened at $15.74. NU shares last traded at $15.7890, with a volume of 48,412,171 shares trading hands.

The company reported $0.22 EPS for the quarter. NU had a net margin of 18.20% and a return on equity of 30.91%. The business had revenue of $5.88 billion during the quarter.

NU announced that its Board of Directors has initiated a stock buyback program on Thursday, June 4th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

More NU News

Here are the key news stories impacting NU this week:

• Positive Sentiment: Record profitability: Nu Holdings reported quarterly net profit above $1 billion for the first time, exceeding analyst expectations and helping drive investor enthusiasm. Reuters report on Nubank quarterly profit
• Positive Sentiment: Q2 earnings and revenue beats: NU delivered earnings of $0.22 per share, ahead of the $0.20 consensus estimate, while revenue of $5.88 billion exceeded expectations of $5.39 billion. Increased customer engagement supported the revenue outperformance. Seeking Alpha report on Nu Holdings Q2 results
• Positive Sentiment: Higher analyst target: Needham raised its price target for Nu Holdings from $17 to $19 and upgraded the stock to “buy.” The new target implies approximately 19.5% upside from the referenced $15.90 share price, potentially improving sentiment toward the stock. StreetInsider Needham analyst note
• Neutral Sentiment: Regulatory filing: Nu Holdings filed its routine August 2026 Form 6-K with the SEC. The filing itself does not appear to introduce a separate material catalyst beyond the company’s earnings disclosure. TipRanks report on Nu Holdings Form 6-K
• Negative Sentiment: Credit and cost risks: Before the earnings release, analysts highlighted rising provisions and expenses as potential pressure points. Investors will likely assess whether Nu can sustain rapid growth and strong margins while managing credit quality and costs. Zacks analysis of Nu Holdings before Q2 earnings

Wall Street Analysts Forecast Growth

Several research firms have weighed in on NU. Scotiabank cut NU to a “sector perform” rating and set a $13.00 price target for the company. in a report on Wednesday, June 3rd. UBS Group decreased their price objective on NU from $18.10 to $16.90 and set a “buy” rating on the stock in a report on Wednesday, May 20th. Needham & Company LLC raised their target price on shares of NU from $17.00 to $19.00 and gave the company a “buy” rating in a report on Friday. Bank of America reissued an “underperform” rating on shares of NU in a report on Tuesday, June 2nd. Finally, JPMorgan Chase & Co. boosted their price target on shares of NU from $18.00 to $20.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 7th. Ten investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, NU currently has a consensus rating of “Moderate Buy” and an average target price of $17.41.

Institutional Trading of NU

A number of institutional investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd increased its position in NU by 14,810.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,491 shares of the company’s stock valued at $25,000 after acquiring an additional 1,481 shares during the last quarter. Zions Bancorporation National Association UT bought a new stake in shares of NU in the 4th quarter worth about $27,000. Cornerstone Planning Group LLC boosted its stake in shares of NU by 5,448.3% during the 4th quarter. Cornerstone Planning Group LLC now owns 1,609 shares of the company’s stock worth $27,000 after purchasing an additional 1,580 shares during the period. Morse Asset Management Inc purchased a new position in shares of NU during the 4th quarter worth about $31,000. Finally, Fifth Third Bancorp grew its holdings in NU by 433.0% during the 4th quarter. Fifth Third Bancorp now owns 1,988 shares of the company’s stock valued at $33,000 after purchasing an additional 1,615 shares during the last quarter. 84.02% of the stock is currently owned by institutional investors.

NU Price Performance

The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $74.99 billion, a PE ratio of 23.76, a price-to-earnings-growth ratio of 0.54 and a beta of 0.94. The stock’s 50-day moving average is $13.45 and its two-hundred day moving average is $14.37.

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.