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

Nu Holdings Ltd. (NYSE:NU) shares rose 0.8% during trading on Tuesday . The company traded as high as $15.73 and last traded at $15.61. Approximately 4,486,497 shares were traded during trading, a decline of 86% from the average daily volume of 31,978,322 shares. The stock had previously closed at $15.48.

Analysts Set New Price Targets

A number of research firms recently commented on NU. JPMorgan Chase & Co. upped their price objective on NU from $14.50 to $15.00 and gave the company a “neutral” rating in a report on Monday, August 19th. The Goldman Sachs Group upped their price target on NU from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. UBS Group lowered shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 price objective on the stock. in a research note on Friday, August 2nd. Barclays upped their target price on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Finally, Bank of America lifted their price target on shares of NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $15.21.

NU Stock Up 2.8 %

The firm’s 50 day simple moving average is $14.29 and its 200-day simple moving average is $12.82. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $75.83 billion, a price-to-earnings ratio of 50.35, a price-to-earnings-growth ratio of 0.68 and a beta of 1.15.

NU (NYSE:NU) last released 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 analyst estimates of $2.90 billion. NU had a return on equity of 27.00% and a net margin of 15.11%. During the same quarter in the prior year, the company posted $0.05 earnings per share. Equities analysts expect that Nu Holdings Ltd. will post 0.41 earnings per share for the current fiscal year.

Institutional Trading of NU

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV increased its stake in shares of NU by 287.9% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock worth $26,000 after purchasing an additional 1,422 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of 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 buying an additional 815 shares during the last quarter. Carolina Wealth Advisors LLC acquired a new stake in shares of NU in the third quarter valued at approximately $44,000. Toth Financial Advisory Corp bought a new position in shares of NU during the 3rd quarter worth approximately $55,000. Finally, ORG Partners LLC acquired a new position in shares of NU during the 2nd quarter worth approximately $54,000. 80.90% of the stock is owned by institutional investors.

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.