Susquehanna Boosts NU (NYSE:NU) Price Target to $14.00

NU (NYSE:NUFree Report) had its target price increased by Susquehanna from $12.00 to $14.00 in a research note released on Wednesday, Benzinga reports. Susquehanna currently has a positive rating on the stock.

Other research analysts also recently issued reports about the company. KeyCorp lifted their price target on NU from $12.00 to $13.00 and gave the company an overweight rating in a report on Monday, April 22nd. UBS Group lifted their price target on NU from $10.50 to $11.50 and gave the company a buy rating in a report on Monday, January 29th. Finally, TheStreet upgraded NU from a c+ rating to a b rating in a report on Friday, March 8th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, NU currently has a consensus rating of Moderate Buy and an average price target of $10.74.

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NU Trading Down 0.4 %

Shares of NYSE NU opened at $11.66 on Wednesday. The company has a quick ratio of 0.38, a current ratio of 0.40 and a debt-to-equity ratio of 0.21. The business has a fifty day simple moving average of $11.54 and a two-hundred day simple moving average of $9.90. The firm has a market cap of $54.74 billion, a PE ratio of 44.85, a price-to-earnings-growth ratio of 0.57 and a beta of 1.11. NU has a twelve month low of $6.02 and a twelve month high of $12.49.

NU (NYSE:NUGet Free Report) last issued its earnings results on Thursday, February 22nd. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). The firm had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.39 billion. NU had a net margin of 13.86% and a return on equity of 22.94%. During the same period last year, the firm earned $0.03 earnings per share. Analysts expect that NU will post 0.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Capital Research Global Investors raised its holdings in shares of NU by 15.7% during the first quarter. Capital Research Global Investors now owns 202,618,338 shares of the company’s stock valued at $2,417,237,000 after acquiring an additional 27,420,994 shares during the last quarter. Baillie Gifford & Co. raised its holdings in shares of NU by 47.6% during the first quarter. Baillie Gifford & Co. now owns 169,450,124 shares of the company’s stock valued at $2,021,540,000 after acquiring an additional 54,681,625 shares during the last quarter. WCM Investment Management LLC raised its holdings in shares of NU by 1,157.4% during the first quarter. WCM Investment Management LLC now owns 99,965,627 shares of the company’s stock valued at $1,192,590,000 after acquiring an additional 92,015,719 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of NU by 32.4% during the first quarter. Jennison Associates LLC now owns 87,155,886 shares of the company’s stock valued at $1,039,770,000 after acquiring an additional 21,342,814 shares during the last quarter. Finally, Sands Capital Management LLC raised its holdings in shares of NU by 92.7% during the fourth quarter. Sands Capital Management LLC now owns 85,220,661 shares of the company’s stock valued at $709,888,000 after acquiring an additional 40,992,413 shares during the last quarter. 80.90% of the stock is currently owned by hedge funds and other institutional investors.

NU Company Profile

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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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