NU (NYSE:NU) Shares Up 0.5% – Time to Buy?

Nu Holdings Ltd. (NYSE:NU)’s stock price rose 0.5% on Monday . The company traded as high as $14.68 and last traded at $14.52. Approximately 4,462,239 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 32,362,012 shares. The stock had previously closed at $14.45.

Analyst Upgrades and Downgrades

NU has been the topic of a number of analyst reports. Susquehanna restated a “positive” rating and set a $16.00 target price on shares of NU in a research report on Thursday, August 15th. Bank of America increased their target price on NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. The Goldman Sachs Group lifted their price target on NU from $15.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, July 11th. Barclays increased their price objective on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Finally, UBS Group downgraded shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 target price for the company. in a report on Friday, August 2nd. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.21.

NU Trading Up 1.4 %

The firm’s 50 day simple moving average is $14.20 and its 200-day simple moving average is $12.72. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $70.30 billion, a PE ratio of 57.19, a P/E/G ratio of 0.67 and a beta of 1.15.

NU (NYSE:NU) last announced its quarterly earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.02. NU had a return on equity of 27.00% and a net margin of 15.11%. The firm had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the prior year, the firm earned $0.05 EPS. As a group, equities research analysts anticipate that Nu Holdings Ltd. will post 0.41 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Public Investment Fund lifted its stake in shares of NU by 223.1% in the second quarter. Public Investment Fund now owns 3,802,480 shares of the company’s stock worth $49,014,000 after acquiring an additional 2,625,500 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of NU by 1,074.6% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 131,136 shares of the company’s stock valued at $1,790,000 after buying an additional 119,972 shares during the last quarter. Bleakley Financial Group LLC acquired a new stake in shares of NU during the first quarter worth approximately $152,000. Tokio Marine Asset Management Co. Ltd. bought a new stake in shares of NU in the first quarter worth $1,958,000. Finally, Handelsbanken Fonder AB raised its holdings in NU by 1,774.8% in the third quarter. Handelsbanken Fonder AB now owns 907,417 shares of the company’s stock valued at $12,386,000 after acquiring an additional 859,017 shares in the last quarter. 80.90% of the stock is owned by institutional investors and hedge funds.

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.