NU (NYSE:NU) Trading Up 0.8% – Here’s Why

Nu Holdings Ltd. (NYSE:NUGet Free Report)’s stock price shot up 0.8% during trading on Tuesday . The stock traded as high as $15.73 and last traded at $15.61. 4,486,497 shares changed hands during trading, a decline of 86% from the average session volume of 31,978,322 shares. The stock had previously closed at $15.48.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NU. Bank of America boosted their price objective on shares of NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. UBS Group lowered NU from a “buy” rating to a “neutral” rating and set a $13.50 target price on the stock. in a research report on Friday, August 2nd. Susquehanna reissued a “positive” rating and issued a $16.00 price objective on shares of NU in a research note on Thursday, August 15th. The Goldman Sachs Group upped their price objective 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. Finally, Barclays lifted their target price on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $15.21.

View Our Latest Research Report on NU

NU Stock Performance

The company has a 50-day moving average price of $14.34 and a two-hundred day moving average price of $12.87. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $72.16 billion, a P/E ratio of 49.94, a PEG ratio of 0.68 and a beta of 1.15.

NU (NYSE:NUGet Free Report) last posted its earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.02. The business had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.90 billion. NU had a net margin of 15.11% and a return on equity of 27.00%. During the same period in the prior year, the company posted $0.05 EPS. Equities analysts expect that Nu Holdings Ltd. will post 0.41 earnings per share for the current year.

Hedge Funds Weigh In On NU

A number of hedge funds and other institutional investors have recently bought and sold shares of NU. Malaga Cove Capital LLC bought a new position in shares of NU during the third quarter valued at about $313,000. Gulf International Bank UK Ltd bought a new position in shares of NU in the 3rd quarter worth approximately $3,046,000. Asset Management One Co. Ltd. bought a new position in shares of NU in the 3rd quarter worth about $5,041,000. National Pension Service bought a new stake in NU in the third quarter worth $11,477,000. Finally, Donaldson Capital Management LLC bought a new stake in NU during the 3rd quarter valued at about $2,486,000. Hedge funds and other institutional investors own 80.90% of the company’s stock.

NU Company Profile

(Get Free Report)

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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