NU (NYSE:NU) Upgraded at UBS Group

UBS Group upgraded shares of NU (NYSE:NUFree Report) from a neutral rating to a buy rating in a research report released on Thursday, Marketbeat reports. They currently have $17.60 price target on the stock, up from their previous price target of $17.20.

A number of other brokerages have also recently commented on NU. Weiss Ratings raised shares of NU from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 18th. JPMorgan Chase & Co. raised their price target on NU from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Thursday, November 20th. Bank of America restated a “neutral” rating on shares of NU in a research report on Monday, March 9th. Zacks Research raised NU from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 9th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $21.00 target price on shares of NU in a research note on Thursday, December 18th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $18.26.

Check Out Our Latest Analysis on NU

NU Stock Performance

Shares of NU opened at $13.95 on Thursday. The company’s 50 day simple moving average is $16.36 and its 200-day simple moving average is $16.20. The firm has a market cap of $67.20 billion, a PE ratio of 24.04, a price-to-earnings-growth ratio of 0.54 and a beta of 1.11. NU has a 12-month low of $9.01 and a 12-month high of $18.98. The company has a current ratio of 0.58, a quick ratio of 0.56 and a debt-to-equity ratio of 0.39.

NU (NYSE:NUGet Free Report) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.18 by $0.01. NU had a net margin of 18.19% and a return on equity of 30.68%. The firm had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.55 billion. As a group, equities analysts predict that NU will post 0.58 EPS for the current year.

Institutional Trading of NU

Several hedge funds and other institutional investors have recently made changes to their positions in NU. Caitong International Asset Management Co. Ltd lifted its position in NU by 14,810.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,491 shares of the company’s stock valued at $25,000 after purchasing an additional 1,481 shares during the period. LOM Asset Management Ltd purchased a new stake in NU in the 4th quarter valued at approximately $25,000. Zions Bancorporation National Association UT acquired a new position in NU during the 4th quarter worth approximately $27,000. Cornerstone Planning Group LLC increased its position in NU by 5,448.3% during the 4th quarter. Cornerstone Planning Group LLC now owns 1,609 shares of the company’s stock worth $27,000 after purchasing an additional 1,580 shares during the period. Finally, Morse Asset Management Inc purchased a new position in shares of NU during the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU News Roundup

Here are the key news stories impacting NU this week:

NU Company Profile

(Get Free Report)

Nu Holdings Ltd (NYSE: NU), commonly known by its consumer brand Nubank, is a Latin American financial technology company that provides digital banking and financial services through a mobile-first platform. The company’s core offerings include no-fee digital checking accounts, credit cards, personal loans, payments and transfers, and a range of savings and investment products. Nubank emphasizes a streamlined customer experience delivered via its smartphone app, combined with data-driven underwriting and automated customer service tools.

Founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nu grew rapidly by targeting underbanked and digitally savvy consumers in Latin America with low-fee, transparent products.

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Analyst Recommendations for NU (NYSE:NU)

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