NU (NYSE:NU) Price Target Raised to $20.50

NU (NYSE:NU) had its price objective lifted by analysts at UBS Group from $18.20 to $20.50 in a research note issued on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group’s price objective would suggest a potential upside of 41.11% from the company’s current price.

Other research analysts also recently issued research reports about the stock. Wolfe Research dropped their price objective on shares of NU from $18.00 to $17.00 and set an “outperform” rating for the company in a report on Tuesday, August 25th. Susquehanna lifted their target price on NU from $13.00 to $16.00 and gave the stock a “neutral” rating in a report on Friday, August 14th. Weiss Ratings downgraded NU from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, August 21st. JPMorgan Chase & Co. boosted their target price on NU from $20.00 to $23.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 6th. Finally, Itau BBA Securities lowered NU from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $20.00 to $18.00 in a research note on Wednesday, September 16th. Nine research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, NU presently has a consensus rating of “Moderate Buy” and an average target price of $18.12.

NU Price Performance

Shares of NYSE:NU opened at $14.53 on Tuesday. The firm has a market cap of $70.54 billion, a price-to-earnings ratio of 19.63, a P/E/G ratio of 0.60 and a beta of 0.95. The firm has a fifty day moving average price of $14.50 and a 200 day moving average price of $13.93. NU has a fifty-two week low of $11.20 and a fifty-two week high of $18.98. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.55 and a current ratio of 0.55.

NU (NYSE:NU) last announced its quarterly earnings results on Tuesday, June 30th. The company reported $0.22 earnings per share (EPS) for the quarter. The company had revenue of $5.88 billion for the quarter. NU had a net margin of 18.65% and a return on equity of 31.59%. As a group, sell-side analysts expect that NU will post 0.86 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other NU news, CEO Cristina Junqueira sold 25,000 shares of the stock in a transaction on Monday, October 5th. The shares were sold at an average price of $15.01, for a total transaction of $375,250.00. Following the completion of the transaction, the chief executive officer owned 4,877,593 shares in the company, valued at $73,212,670.93. This trade represents a 0.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Henrique Camossa Sald Fragelli sold 221,707 shares of NU stock in a transaction on Friday, August 14th. The stock was sold at an average price of $15.81, for a total transaction of $3,505,187.67. Following the completion of the transaction, the insider directly owned 979,446 shares of the company’s stock, valued at $15,485,041.26. The trade was a 18.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 386,707 shares of company stock worth $6,001,588.

Institutional Trading of NU

Several hedge funds have recently made changes to their positions in the business. Waverly Advisors LLC raised its stake in shares of NU by 6.4% in the second quarter. Waverly Advisors LLC now owns 12,933 shares of the company’s stock valued at $173,000 after acquiring an additional 783 shares in the last quarter. World Investment Advisors boosted its holdings in NU by 5.1% in the first quarter. World Investment Advisors now owns 16,370 shares of the company’s stock valued at $235,000 after purchasing an additional 791 shares during the period. Mason & Associates Inc grew its stake in NU by 2.7% during the 1st quarter. Mason & Associates Inc now owns 30,783 shares of the company’s stock worth $416,000 after purchasing an additional 808 shares in the last quarter. United Asset Strategies Inc. grew its stake in NU by 1.6% during the 1st quarter. United Asset Strategies Inc. now owns 54,216 shares of the company’s stock worth $779,000 after purchasing an additional 837 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC grew its stake in NU by 1.9% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 50,790 shares of the company’s stock worth $679,000 after purchasing an additional 935 shares in the last quarter. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

NU Company Profile

Nubank (NYSE: NU) is a digital financial services company headquartered in São Paulo, Brazil. Founded in 2013, the company was established to simplify banking through technology and expand access to financial services in markets traditionally served by large, conventional institutions.

Nubank offers a range of consumer and business products, including digital bank accounts, credit cards, personal loans, payment services, investment products and insurance. Its platform is designed to allow customers to manage accounts, payments and other financial products through mobile applications and other digital channels.

The company primarily serves customers in Brazil, Mexico and Colombia.