NU (NYSE:NU) Hits New 12-Month High – Should You Buy?

Nu Holdings Ltd. (NYSE:NU) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $16.67 and last traded at $16.6150, with a volume of 28992682 shares trading hands. The stock had previously closed at $15.92.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of NU from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Thursday, November 20th. Citigroup raised shares of NU from a “sell” rating to a “buy” rating and boosted their target price for the stock from $9.00 to $18.00 in a research report on Wednesday, August 20th. Bank of America raised their price target on shares of NU from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, August 25th. Santander raised NU to a “neutral” rating in a report on Monday, August 25th. Finally, Bradesco Corretora upgraded NU to an “outperform” rating and set a $17.00 target price on the stock in a report on Monday, August 25th. Eight research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $17.44.

NU Stock Up 4.3%

The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $80.01 billion, a P/E ratio of 32.56, a P/E/G ratio of 0.79 and a beta of 1.08. The stock’s 50-day simple moving average is $15.68 and its 200-day simple moving average is $14.02.

NU (NYSE:NU) last posted its earnings results on Thursday, November 13th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.15 by $0.02. The firm had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $3.96 billion. NU had a net margin of 17.97% and a return on equity of 30.12%. As a group, research analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NU

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank purchased a new stake in NU during the second quarter worth about $626,569,000. Lone Pine Capital LLC purchased a new position in NU in the 3rd quarter valued at approximately $406,757,000. Nuveen LLC purchased a new position in NU in the 1st quarter valued at approximately $221,317,000. Orbis Allan Gray Ltd bought a new stake in NU during the 1st quarter valued at $150,763,000. Finally, Marshall Wace LLP lifted its position in shares of NU by 98.4% during the third quarter. Marshall Wace LLP now owns 29,141,505 shares of the company’s stock worth $466,555,000 after acquiring an additional 14,449,834 shares in the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.

About NU

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.