NU (NYSE:NU) Reaches New 52-Week High at $14.53

Nu Holdings Ltd. (NYSE:NU)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $14.53 and last traded at $14.52, with a volume of 6303060 shares traded. The stock had previously closed at $14.45.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on NU shares. JPMorgan Chase & Co. raised their price target on NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research note on Monday. Barclays boosted their target price on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. UBS Group cut shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 price target for the company. in a research note on Friday, August 2nd. Jefferies Financial Group boosted their price objective on shares of NU from $10.80 to $15.20 and gave the stock a “buy” rating in a research note on Monday, June 24th. Finally, The Goldman Sachs Group raised their target price on shares of NU from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $13.43.

NU Trading Up 0.5 %

The business’s 50 day moving average price is $12.54 and its two-hundred day moving average price is $11.73. The company has a market capitalization of $69.20 billion, a price-to-earnings ratio of 55.56, a P/E/G ratio of 0.54 and a beta of 1.13. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.21.

NU (NYSE:NU) last released its quarterly earnings data on Tuesday, August 13th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.02. NU had a return on equity of 22.94% and a net margin of 13.86%. The company had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter last year, the business posted $0.05 EPS. On average, equities analysts predict that Nu Holdings Ltd. will post 0.41 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NU

Several institutional investors and hedge funds have recently made changes to their positions in NU. GAMMA Investing LLC increased its position in shares of NU by 56.2% during the second quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock worth $29,000 after buying an additional 815 shares during the period. Tennessee Valley Asset Management Partners acquired a new position in shares of NU in the 4th quarter valued at about $52,000. ORG Partners LLC acquired a new position in shares of NU in the 2nd quarter valued at about $54,000. Opal Wealth Advisors LLC bought a new stake in shares of NU during the 2nd quarter valued at about $88,000. Finally, LRI Investments LLC acquired a new stake in NU during the first quarter worth approximately $91,000. Institutional investors and hedge funds 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.