NU (NYSE:NU) Given New $19.00 Price Target at The Goldman Sachs Group

NU (NYSE:NU) had its target price lifted by The Goldman Sachs Group from $17.00 to $19.00 in a report released on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

NU has been the subject of several other reports. KeyCorp lifted their target price on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday. UBS Group cut NU from a “buy” rating to a “neutral” rating and set a $13.50 target price for the company. in a research note on Friday, August 2nd. JPMorgan Chase & Co. lifted their target price on NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. Susquehanna lifted their target price on NU from $16.00 to $18.00 and gave the company a “positive” rating in a research note on Thursday. Finally, Barclays lifted their target price on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Four 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.com, the company currently has an average rating of “Moderate Buy” and an average target price of $16.21.

NU Trading Down 7.4 %

Shares of NU opened at $14.06 on Thursday. The stock has a fifty day moving average price of $14.48 and a two-hundred day moving average price of $13.24. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.49 and a current ratio of 0.44. NU has a 52-week low of $7.74 and a 52-week high of $16.15. The company has a market cap of $67.01 billion, a price-to-earnings ratio of 39.06, a PEG ratio of 0.64 and a beta of 1.13.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NU. Massmutual Trust Co. FSB ADV grew its stake in NU by 287.9% in the third quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock valued at $26,000 after acquiring an additional 1,422 shares during the period. GAMMA Investing LLC grew its stake in NU by 56.2% in the second quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock valued at $29,000 after acquiring an additional 815 shares during the period. Carolina Wealth Advisors LLC acquired a new position in NU in the third quarter valued at about $44,000. ORG Partners LLC acquired a new position in NU in the second quarter valued at about $54,000. Finally, Toth Financial Advisory Corp acquired a new position in NU in the third quarter valued at about $55,000. 80.90% of the stock is owned by institutional investors and hedge funds.

About NU

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.