NU (NYSE:NU) PT Raised to $13.00

NU (NYSE:NU) had its target price raised by KeyCorp from $12.00 to $13.00 in a report released on Monday, Benzinga reports. They currently have an overweight rating on the stock.

Other equities analysts have also issued reports about the company. TheStreet raised NU from a c+ rating to a b rating in a report on Friday, March 8th. UBS Group upped their target price on NU from $10.50 to $11.50 and gave the company a buy rating in a report on Monday, January 29th. Finally, Susquehanna upped their target price on NU from $11.00 to $12.00 and gave the company a positive rating in a report on Friday, February 23rd. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $10.00.

NU Stock Up 0.8 %

Shares of NU stock opened at $10.86 on Monday. The company has a quick ratio of 0.31, a current ratio of 0.38 and a debt-to-equity ratio of 0.18. The firm has a market cap of $50.99 billion, a P/E ratio of 51.72, a P/E/G ratio of 0.53 and a beta of 1.08. NU has a fifty-two week low of $4.91 and a fifty-two week high of $12.39. The business has a 50-day moving average price of $11.32 and a 200 day moving average price of $9.50.

NU (NYSE:NU) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.01). The firm had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.39 billion. NU had a net margin of 12.84% and a return on equity of 20.02%. During the same period in the prior year, the firm earned $0.03 earnings per share. On average, sell-side analysts forecast that NU will post 0.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NU

A number of institutional investors have recently added to or reduced their stakes in the company. AE Wealth Management LLC increased its holdings in shares of NU by 10.9% in the third quarter. AE Wealth Management LLC now owns 13,268 shares of the company’s stock valued at $96,000 after buying an additional 1,299 shares in the last quarter. SG Americas Securities LLC raised its stake in NU by 487.1% during the 3rd quarter. SG Americas Securities LLC now owns 190,907 shares of the company’s stock valued at $1,384,000 after purchasing an additional 158,392 shares during the period. Impact Partnership Wealth LLC increased its stake in shares of NU by 14.4% in the third quarter. Impact Partnership Wealth LLC now owns 12,362 shares of the company’s stock worth $90,000 after acquiring an additional 1,560 shares during the last quarter. TPG Financial Advisors LLC increased its stake in shares of NU by 17.3% in the third quarter. TPG Financial Advisors LLC now owns 132,450 shares of the company’s stock worth $960,000 after acquiring an additional 19,513 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its holdings in NU by 7.7% in the third quarter. Exchange Traded Concepts LLC now owns 294,515 shares of the company’s stock worth $2,135,000 after purchasing an additional 20,931 shares in the last quarter. 80.90% of the stock is currently owned by institutional investors and hedge funds.

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.