Nu Holdings Ltd. (NYSE:NU – Get Free Report) has been given an average recommendation of “Moderate Buy” by the fifteen research firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $18.12.
A number of research firms have commented on NU. UBS Group raised their price objective on NU from $18.20 to $20.50 and gave the stock a “buy” rating in a research note on Tuesday. Susquehanna lifted their price objective on NU from $13.00 to $16.00 and gave the company a “neutral” rating in a report on Friday, August 14th. Wolfe Research cut their target price on NU from $18.00 to $17.00 and set an “outperform” rating for the company in a research report on Tuesday, August 25th. JPMorgan Chase & Co. increased their target price on NU from $20.00 to $23.00 and gave the stock an “overweight” rating in a report on Tuesday, October 6th. Finally, Itau BBA Securities cut NU from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $20.00 to $18.00 in a research report on Wednesday, September 16th.
Get Our Latest Research Report on NU
Insider Buying and Selling at NU
In other news, CEO Cristina Junqueira sold 25,000 shares of NU 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 transaction, the chief executive officer owned 4,877,593 shares in the company, valued at approximately $73,212,670.93. The trade was a 0.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 that occurred on Friday, August 14th. The stock was sold at an average price of $15.81, for a total value of $3,505,187.67. Following the completion of the transaction, the insider directly owned 979,446 shares in the company, valued at approximately $15,485,041.26. This represents a 18.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 386,707 shares of company stock valued at $6,001,588. 1.20% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On NU
Several hedge funds and other institutional investors have recently bought and sold shares of NU. GK Wealth Management LLC bought a new stake in NU in the 3rd quarter valued at about $31,000. Harbor Investment Advisory LLC raised its stake in NU by 68.2% during the 2nd quarter. Harbor Investment Advisory LLC now owns 3,010 shares of the company’s stock worth $40,000 after buying an additional 1,220 shares during the period. Whipplewood Advisors LLC boosted its holdings in NU by 1,584.0% in the first quarter. Whipplewood Advisors LLC now owns 5,052 shares of the company’s stock worth $73,000 after acquiring an additional 4,752 shares in the last quarter. Ancora Advisors LLC bought a new position in NU in the second quarter worth approximately $76,000. Finally, EverSource Wealth Advisors LLC grew its stake in NU by 58.1% in the first quarter. EverSource Wealth Advisors LLC now owns 6,468 shares of the company’s stock valued at $93,000 after acquiring an additional 2,377 shares during the period. 84.02% of the stock is owned by institutional investors.
NU Trading Down 0.2%
NU stock opened at $15.05 on Thursday. NU has a 52 week low of $11.20 and a 52 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. The stock has a market capitalization of $73.10 billion, a P/E ratio of 20.34, a PEG ratio of 0.62 and a beta of 0.95. The stock has a 50-day simple moving average of $14.56 and a 200 day simple moving average of $13.94.
NU (NYSE:NU – Get Free Report) last announced its quarterly earnings results on Tuesday, June 30th. The company reported $0.22 earnings per share (EPS) for the quarter. The business had revenue of $5.88 billion during the quarter. NU had a return on equity of 31.59% and a net margin of 18.65%. Analysts expect that NU will post 0.86 earnings per share for the current year.
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.
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