The Goldman Sachs Group Boosts NU (NYSE:NU) Price Target to $17.00

NU (NYSE:NU) had its price objective hoisted by The Goldman Sachs Group from $15.00 to $17.00 in a report published on Thursday morning, Benzinga reports. The firm currently has a buy rating on the stock.

NU has been the subject of a number of other research reports. Susquehanna boosted their price target on NU from $12.00 to $14.00 and gave the company a positive rating in a research report on Wednesday, May 15th. Jefferies Financial Group boosted their target price on NU from $10.80 to $15.20 and gave the stock a buy rating in a report on Monday, June 24th. Barclays initiated coverage on shares of NU in a research report on Wednesday, June 26th. They set an overweight rating and a $15.00 price target on the stock. Finally, KeyCorp increased their price objective on shares of NU from $12.00 to $13.00 and gave the stock an overweight rating in a research report on Monday, April 22nd. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of $12.23.

NU Stock Performance

Shares of NU stock opened at $13.41 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.40 and a current ratio of 0.40. The stock has a market cap of $63.91 billion, a PE ratio of 51.58, a P/E/G ratio of 0.63 and a beta of 1.14. NU has a 1 year low of $6.61 and a 1 year high of $13.59. The stock has a fifty day moving average price of $12.09 and a 200 day moving average price of $11.00.

NU (NYSE:NU) last released its quarterly earnings data on Tuesday, May 14th. The company reported $0.09 EPS for the quarter, hitting the consensus estimate of $0.09. NU had a net margin of 13.86% and a return on equity of 22.94%. The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.58 billion. Sell-side analysts forecast that NU will post 0.41 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NU

Institutional investors have recently made changes to their positions in the stock. Raymond James & Associates increased its position in NU by 1,235.7% in the fourth quarter. Raymond James & Associates now owns 371,729 shares of the company’s stock worth $3,096,000 after buying an additional 343,899 shares during the period. Oak Thistle LLC acquired a new position in NU in the fourth quarter worth approximately $309,000. Redwood Investments LLC bought a new position in shares of NU in the fourth quarter valued at $3,021,000. Tokio Marine Asset Management Co. Ltd. bought a new stake in shares of NU during the 1st quarter worth $1,958,000. Finally, Wasatch Advisors LP grew its holdings in shares of NU by 19.4% in the 4th quarter. Wasatch Advisors LP now owns 23,949,214 shares of the company’s stock worth $199,497,000 after acquiring an additional 3,886,442 shares during the last quarter. 80.90% of the stock is owned by institutional investors.

About NU

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.