JPMorgan Chase & Co. downgraded shares of NU (NYSE:NU – Free Report) from an overweight rating to a neutral rating in a research report report published on Monday, MarketBeat Ratings reports. JPMorgan Chase & Co. currently has $14.50 price objective on the stock, up from their previous price objective of $12.00.
Other equities research analysts also recently issued research reports about the stock. KeyCorp increased their target price on shares of NU from $12.00 to $13.00 and gave the stock an overweight rating in a research report on Monday, April 22nd. Barclays initiated coverage on shares of NU in a research report on Wednesday, June 26th. They issued an overweight rating and a $15.00 target price for the company. The Goldman Sachs Group increased their target price on shares of NU from $15.00 to $17.00 and gave the stock a buy rating in a research report on Thursday, July 11th. Susquehanna increased their target price on shares of NU from $14.00 to $16.00 and gave the stock a positive rating in a research report on Tuesday, July 16th. Finally, Jefferies Financial Group increased their target price on shares of NU from $10.80 to $15.20 and gave the stock a buy rating in a research report on Monday, June 24th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $12.98.
Get Our Latest Stock Analysis on NU
NU Stock Down 2.6 %
NU (NYSE:NU – Get Free Report) last posted its quarterly earnings results on Tuesday, May 14th. The company reported $0.09 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.09. NU had a net margin of 13.86% and a return on equity of 22.94%. The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.58 billion. On average, sell-side analysts forecast that NU will post 0.41 earnings per share for the current fiscal year.
Hedge Funds Weigh In On NU
A number of institutional investors have recently modified their holdings of NU. GAMMA Investing LLC lifted its stake in shares of NU by 56.2% in the second quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock worth $29,000 after buying an additional 815 shares during the last quarter. ORG Partners LLC acquired a new stake in shares of NU in the second quarter worth $54,000. Tennessee Valley Asset Management Partners acquired a new stake in shares of NU in the fourth quarter worth $52,000. UMB Bank n.a. acquired a new position in NU during the 4th quarter valued at $55,000. Finally, Opal Wealth Advisors LLC acquired a new position in NU during the 2nd quarter valued at $88,000. Institutional investors own 80.90% of the company’s stock.
NU Company Profile
Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.
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