NU (NYSE:NU) Sets New 52-Week High – Still a Buy?

by · The Cerbat Gem

Nu Holdings Ltd. (NYSE:NU – Get Free Report) shares reached a new 52-week high during trading on Monday . The company traded as high as $17.56 and last traded at $17.4450, with a volume of 17237420 shares changing hands. The stock had previously closed at $17.39.

Analyst Upgrades and Downgrades

NU has been the topic of a number of recent analyst reports. Susquehanna raised their target price on shares of NU from $17.00 to $19.00 and gave the company a “positive” rating in a research note on Friday, November 14th. KeyCorp raised their price target on shares of NU from $15.00 to $19.00 and gave the stock an “overweight” rating in a report on Friday, November 14th. Citigroup raised shares of NU from a “sell” rating to a “buy” rating and boosted their price objective for the company from $9.00 to $18.00 in a research report on Wednesday, August 20th. Bradesco Corretora raised shares of NU to an “outperform” rating and set a $17.00 target price for the company in a research report on Monday, August 25th. Finally, UBS Group lifted their target price on shares of NU from $15.60 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Eight investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.44.

Read Our Latest Stock Report on NU

NU Price Performance

The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $84.16 billion, a PE ratio of 34.25, a price-to-earnings-growth ratio of 0.83 and a beta of 1.08. The firm’s 50 day simple moving average is $15.77 and its 200 day simple moving average is $14.14.

NU (NYSE:NU – Get Free Report) last released its quarterly earnings data on Thursday, November 13th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. NU had a net margin of 17.97% and a return on equity of 30.12%. The company had revenue of $4.17 billion during the quarter, compared to analyst estimates of $3.96 billion. As a group, research analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

Institutional Trading of NU

Several institutional investors have recently added to or reduced their stakes in NU. Rathbones Group PLC raised its holdings in shares of NU by 119.0% in the second quarter. Rathbones Group PLC now owns 147,590 shares of the company’s stock valued at $2,025,000 after buying an additional 80,200 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new position in NU in the 2nd quarter valued at about $39,848,000. IFM Investors Pty Ltd raised its stake in NU by 46.4% during the 1st quarter. IFM Investors Pty Ltd now owns 107,268 shares of the company’s stock valued at $1,098,000 after acquiring an additional 34,017 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in NU by 39.9% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 95,879 shares of the company’s stock valued at $1,315,000 after acquiring an additional 27,335 shares during the last quarter. Finally, Kera Capital Partners Inc. lifted its position in NU by 6.8% during the 2nd quarter. Kera Capital Partners Inc. now owns 530,635 shares of the company’s stock worth $7,280,000 after acquiring an additional 33,999 shares during the period. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Company Profile

(Get Free Report)

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.

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