Nu Holdings Ltd. (NYSE:NU) Receives $15.63 Average PT from Brokerages

Shares of Nu Holdings Ltd. (NYSE:NU) have earned an average recommendation of “Hold” from the ten research firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $15.63.

NU has been the topic of several recent research reports. Citigroup cut shares of NU from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $14.60 to $11.00 in a report on Monday, December 2nd. The Goldman Sachs Group lifted their price objective on shares of NU from $17.00 to $19.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Itau BBA Securities lowered NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. Bank of America lifted their price target on NU from $12.80 to $15.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. Finally, KeyCorp upped their price objective on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th.

NU Price Performance

NU opened at $11.19 on Friday. The company has a market capitalization of $53.33 billion, a price-to-earnings ratio of 31.08, a PEG ratio of 0.59 and a beta of 1.05. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. NU has a 12-month low of $8.51 and a 12-month high of $16.15. The business’s fifty day simple moving average is $12.49 and its 200-day simple moving average is $13.22.

Hedge Funds Weigh In On NU

Hedge funds have recently modified their holdings of the stock. Massmutual Trust Co. FSB ADV grew its position in NU by 287.9% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock worth $26,000 after purchasing an additional 1,422 shares during the last quarter. Carolina Wealth Advisors LLC purchased a new stake in shares of NU during the third quarter valued at $44,000. Toth Financial Advisory Corp acquired a new position in shares of NU in the 3rd quarter valued at $55,000. GAMMA Investing LLC raised its stake in NU by 81.9% in the 3rd quarter. GAMMA Investing LLC now owns 4,119 shares of the company’s stock worth $56,000 after acquiring an additional 1,855 shares during the last quarter. Finally, Huntington National Bank lifted its position in NU by 86.3% during the 3rd quarter. Huntington National Bank now owns 4,601 shares of the company’s stock worth $63,000 after acquiring an additional 2,131 shares during the period. Institutional investors and hedge funds own 84.02% 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.