Analysts Set Nu Holdings Ltd. (NYSE:NU) Target Price at $18.34

Shares of Nu Holdings Ltd. (NYSE:NU) have earned an average rating of “Moderate Buy” from the fourteen brokerages that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $18.34.

NU has been the subject of a number of recent research reports. UBS Group raised their target price on NU from $16.00 to $18.40 and gave the stock a “neutral” rating in a research report on Thursday, December 4th. The Goldman Sachs Group reiterated a “buy” rating and set a $21.00 price target on shares of NU in a research note on Thursday, December 18th. JPMorgan Chase & Co. lifted their price objective on NU from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Thursday, November 20th. Santander raised shares of NU from a “neutral” rating to an “outperform” rating in a report on Thursday, December 4th. Finally, Susquehanna lifted their target price on shares of NU from $19.00 to $22.00 and gave the stock a “positive” rating in a research note on Tuesday, January 27th.

Institutional Investors Weigh In On NU

Institutional investors have recently made changes to their positions in the stock. Picton Mahoney Asset Management purchased a new position in shares of NU in the fourth quarter valued at $1,313,000. Empowered Funds LLC boosted its stake in NU by 40.9% in the 4th quarter. Empowered Funds LLC now owns 323,214 shares of the company’s stock worth $5,411,000 after purchasing an additional 93,767 shares during the period. Inceptionr LLC purchased a new position in NU during the 4th quarter valued at about $526,000. Capital Wealth Planning LLC bought a new stake in shares of NU during the fourth quarter valued at about $2,937,000. Finally, Nixon Capital LLC increased its position in shares of NU by 1.2% during the fourth quarter. Nixon Capital LLC now owns 1,648,009 shares of the company’s stock valued at $27,588,000 after buying an additional 19,203 shares during the period. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Stock Performance

Shares of NU opened at $17.41 on Friday. The stock has a 50 day moving average of $17.15 and a 200 day moving average of $15.77. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.29. NU has a 12 month low of $9.01 and a 12 month high of $18.98. The company has a market capitalization of $83.91 billion, a price-to-earnings ratio of 34.14, a PEG ratio of 0.57 and a beta of 1.08.

NU (NYSE:NU) last announced its earnings results on Thursday, November 13th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.02. The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $3.96 billion. NU had a return on equity of 30.12% and a net margin of 17.97%. As a group, sell-side analysts forecast that NU will post 0.58 earnings per share for the current year.

NU Company Profile

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.