Nu Holdings Ltd. (NYSE:NU) Stock Has Average Price Target of $17.92 According to Brokerages

by · The Markets Daily

Shares of Nu Holdings Ltd. (NYSE:NU – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $17.92.

NU has been the topic of several research analyst reports. Wolfe Research reduced their price objective on shares of NU from $18.00 to $17.00 and set an “outperform” rating on the stock in a report on Tuesday, August 25th. Bank of America reiterated an “underperform” rating on shares of NU in a research report on Tuesday, June 2nd. Needham & Company LLC reissued a “buy” rating and issued a $19.00 price target on shares of NU in a research note on Friday, September 11th. UBS Group upped their price objective on shares of NU from $16.90 to $18.20 and gave the stock a “buy” rating in a report on Thursday, August 20th. Finally, JPMorgan Chase & Co. increased their price objective on shares of NU from $18.00 to $20.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 7th.

Read Our Latest Stock Report on NU

NU Trading Down 0.5%

Shares of NU stock opened at $13.55 on Friday. The firm has a market capitalization of $65.77 billion, a price-to-earnings ratio of 18.31, a PEG ratio of 0.58 and a beta of 0.94. NU has a fifty-two week low of $11.20 and a fifty-two 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 50 day moving average of $14.42 and a 200 day moving average of $13.90.

NU (NYSE:NU – Get Free Report) last posted its earnings results on Tuesday, June 30th. The company reported $0.22 EPS for the quarter. NU had a return on equity of 31.59% and a net margin of 18.65%.The company had revenue of $5.88 billion for the quarter. As a group, research analysts predict that NU will post 0.86 earnings per share for the current year.

NU declared that its board has approved a share repurchase program on Thursday, June 4th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at NU

In other news, insider Henrique Camossa Sald Fragelli sold 221,707 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $15.81, for a total transaction of $3,505,187.67. Following the completion of the transaction, the insider directly owned 979,446 shares in the company, valued at $15,485,041.26. This trade represents a 18.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Cristina Junqueira sold 65,000 shares of NU stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $14.71, for a total value of $956,150.00. Following the completion of the sale, the chief executive officer directly owned 2,542,083 shares of the company’s stock, valued at $37,394,040.93. The trade was a 2.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 361,707 shares of company stock valued at $5,626,338. Company insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On NU

Institutional investors have recently bought and sold shares of the company. QRG Capital Management Inc. acquired a new stake in shares of NU during the second quarter worth about $316,000. Envestnet Portfolio Solutions Inc. boosted its stake in shares of NU by 25.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 19,227 shares of the company’s stock valued at $257,000 after purchasing an additional 3,883 shares during the period. Andra AP fonden grew its holdings in shares of NU by 17.7% in the second quarter. Andra AP fonden now owns 2,736,700 shares of the company’s stock valued at $36,562,000 after purchasing an additional 411,500 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of NU by 2.4% in the second quarter. Sequoia Financial Advisors LLC now owns 201,341 shares of the company’s stock valued at $2,690,000 after purchasing an additional 4,664 shares in the last quarter. Finally, IPG Investment Advisors LLC increased its stake in NU by 12.0% during the 2nd quarter. IPG Investment Advisors LLC now owns 83,026 shares of the company’s stock worth $1,109,000 after buying an additional 8,880 shares during the period. 84.02% of the stock is owned by institutional investors and hedge funds.

About NU

(Get Free Report)

Nu Holdings Ltd., operating under the Nubank brand, is a digital financial services company that provides banking, payments and credit products through mobile applications. Its offerings include digital bank accounts, credit cards, personal loans, payment services, investment products and insurance, serving consumers and small businesses.

Founded in Brazil in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nubank was established to simplify financial services and expand access to banking through technology.

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