NU (NYSE:NU) Trading 0.6% Higher – Should You Buy?

Nu Holdings Ltd. (NYSE:NU)’s stock price shot up 0.6% on Tuesday . The stock traded as high as $14.56 and last traded at $14.45. 3,320,002 shares were traded during mid-day trading, a decline of 90% from the average session volume of 31,903,068 shares. The stock had previously closed at $14.37.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Susquehanna restated a “positive” rating and issued a $16.00 price target on shares of NU in a research report on Thursday, August 15th. UBS Group lowered NU from a “buy” rating to a “neutral” rating and set a $13.50 target price on the stock. in a research report on Friday, August 2nd. JPMorgan Chase & Co. lifted their target price on NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. The Goldman Sachs Group upped their price objective on shares of NU from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Finally, Bank of America lifted their target price on NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $15.21.

NU Stock Up 1.3 %

The firm has a market capitalization of $72.59 billion, a PE ratio of 49.00, a P/E/G ratio of 0.65 and a beta of 1.13. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.49 and a quick ratio of 0.49. The company has a 50-day moving average price of $14.36 and a 200 day moving average price of $13.01.

NU (NYSE:NU) last posted its quarterly earnings data on Tuesday, August 13th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. NU had a return on equity of 27.00% and a net margin of 15.11%. The company had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the previous year, the business earned $0.05 EPS. Analysts forecast that Nu Holdings Ltd. will post 0.41 earnings per share for the current year.

Institutional Investors Weigh In On NU

A number of large investors have recently modified their holdings of NU. Capital Research Global Investors raised its holdings in shares of NU by 15.7% during the first quarter. Capital Research Global Investors now owns 202,618,338 shares of the company’s stock worth $2,417,237,000 after purchasing an additional 27,420,994 shares during the last quarter. Baillie Gifford & Co. boosted its stake in shares of NU by 13.0% in the third quarter. Baillie Gifford & Co. now owns 210,103,451 shares of the company’s stock worth $2,867,912,000 after buying an additional 24,140,416 shares during the last quarter. American Century Companies Inc. grew its holdings in NU by 73.1% during the second quarter. American Century Companies Inc. now owns 17,237,693 shares of the company’s stock worth $222,194,000 after acquiring an additional 7,279,458 shares during the period. Swiss National Bank purchased a new position in NU during the third quarter valued at approximately $91,860,000. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in NU by 83.9% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 13,839,210 shares of the company’s stock worth $188,905,000 after purchasing an additional 6,313,657 shares in the last quarter. Hedge funds and other institutional investors own 80.90% of the company’s stock.

NU Company Profile

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.