NU (NYSE:NU) Rating Lowered to “Market Perform” at Itau BBA Securities

NU (NYSE:NU) was downgraded by stock analysts at Itau BBA Securities from an “outperform” rating to a “market perform” rating in a research note issued to investors on Thursday,Briefing.com Automated Import reports.

Several other equities analysts also recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of NU from $14.50 to $15.00 and gave the company a “neutral” rating in a report on Monday, August 19th. Susquehanna boosted their price target on shares of NU from $16.00 to $18.00 and gave the company a “positive” rating in a report on Thursday. KeyCorp boosted their price target on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday. Bank of America upped their price objective on shares of NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Finally, Barclays upped 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. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, NU presently has an average rating of “Moderate Buy” and a consensus price target of $15.96.

NU Stock Down 1.3 %

Shares of NYSE:NU opened at $15.64 on Thursday. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The company has a fifty day simple moving average of $14.45 and a 200 day simple moving average of $13.17. The firm has a market cap of $74.54 billion, a PE ratio of 50.45, a price-to-earnings-growth ratio of 0.72 and a beta of 1.13. NU has a 12-month low of $7.74 and a 12-month high of $16.15.

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 net margin of 15.11% and a return on equity of 27.00%. The company had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the previous year, the company posted $0.05 earnings per share. On average, equities research analysts anticipate that NU will post 0.41 EPS for the current fiscal year.

Institutional Investors Weigh In On NU

A number of institutional investors and hedge funds have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in NU by 458.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,147,349 shares of the company’s stock valued at $193,111,000 after acquiring an additional 11,613,191 shares during the last quarter. Public Sector Pension Investment Board acquired a new stake in NU during the 3rd quarter worth about $34,554,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in NU by 14,296.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 807,808 shares of the company’s stock worth $11,027,000 after buying an additional 802,197 shares during the period. RPg Family Wealth Advisory LLC raised its holdings in NU by 5.4% during the 3rd quarter. RPg Family Wealth Advisory LLC now owns 227,633 shares of the company’s stock worth $3,107,000 after buying an additional 11,743 shares during the period. Finally, Townsquare Capital LLC acquired a new stake in NU during the 3rd quarter worth about $197,000. 80.90% of the stock is owned by institutional investors and hedge funds.

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.