Nu Holdings Ltd. (NYSE:NU) Receives $10.00 Consensus Price Target from Analysts

Shares of Nu Holdings Ltd. (NYSE:NU) have earned an average recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $10.00.

Several research analysts recently weighed in on the stock. TheStreet upgraded shares of NU from a “c+” rating to a “b” rating in a research report on Friday, March 8th. KeyCorp boosted their price objective 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. UBS Group boosted their price objective on shares of NU from $10.50 to $11.50 and gave the stock a “buy” rating in a research report on Monday, January 29th. Finally, Susquehanna lifted their target price on shares of NU from $11.00 to $12.00 and gave the stock a “positive” rating in a report on Friday, February 23rd.

NU Stock Performance

NYSE:NU opened at $11.68 on Friday. NU has a 1 year low of $5.18 and a 1 year high of $12.39. The firm has a 50 day moving average of $11.41 and a 200-day moving average of $9.64. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $54.84 billion, a P/E ratio of 55.62, a price-to-earnings-growth ratio of 0.54 and a beta of 1.11.

NU (NYSE:NU) last posted its earnings results on Thursday, February 22nd. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). NU had a net margin of 12.84% and a return on equity of 20.02%. The firm had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter last year, the firm posted $0.03 EPS. As a group, sell-side analysts anticipate that NU will post 0.39 EPS for the current fiscal year.

Hedge Funds Weigh In On NU

Several institutional investors and hedge funds have recently made changes to their positions in the company. FDx Advisors Inc. grew its holdings in shares of NU by 267.5% in the 1st quarter. FDx Advisors Inc. now owns 45,813 shares of the company’s stock valued at $547,000 after buying an additional 33,347 shares during the period. Carlyle Group Inc. bought a new stake in NU in the 1st quarter valued at $863,000. Nikko Asset Management Americas Inc. lifted its position in NU by 24.3% in the 1st quarter. Nikko Asset Management Americas Inc. now owns 9,484,794 shares of the company’s stock valued at $113,154,000 after acquiring an additional 1,853,273 shares in the last quarter. Whittier Trust Co. of Nevada Inc. bought a new stake in NU in the 1st quarter valued at $302,000. Finally, Whittier Trust Co. bought a new stake in NU in the 1st quarter valued at $669,000. Institutional investors and hedge funds own 80.90% of the company’s stock.

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.