Nu Holdings Ltd. (NYSE:NU – Get 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
NU (NYSE:NU – Get 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
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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