Shares of Nu Holdings Ltd. (NYSE:NU – Get Free Report) were down 3.3% during trading on Wednesday . The stock traded as low as $14.27 and last traded at $14.35. Approximately 14,100,392 shares traded hands during trading, a decline of 58% from the average daily volume of 33,310,840 shares. The stock had previously closed at $14.84.
Wall Street Analyst Weigh In
NU has been the subject of a number of analyst reports. UBS Group cut shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 price objective for the company. in a research note on Friday, August 2nd. JPMorgan Chase & Co. upped 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. Barclays lifted their price objective on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Susquehanna restated a “positive” rating and set a $16.00 target price on shares of NU in a research note on Thursday, August 15th. Finally, Jefferies Financial Group lifted their price target on NU from $10.80 to $15.20 and gave the stock a “buy” rating in a research report on Monday, June 24th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $13.43.
NU Price Performance
The stock has a market cap of $68.20 billion, a price-to-earnings ratio of 57.00, a P/E/G ratio of 0.72 and a beta of 1.13. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.49 and a quick ratio of 0.49. The stock’s 50 day simple moving average is $13.07 and its two-hundred day simple moving average is $12.06.
NU (NYSE:NU – Get Free Report) last issued its earnings results 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. The business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.90 billion. NU had a net margin of 15.11% and a return on equity of 27.00%. During the same period in the previous year, the business earned $0.05 EPS. On average, analysts forecast that Nu Holdings Ltd. will post 0.4 earnings per share for the current fiscal year.
Hedge Funds Weigh In On NU
Several institutional investors have recently added to or reduced their stakes in NU. Bleakley Financial Group LLC bought a new stake in shares of NU in the 1st quarter valued at about $152,000. Wasatch Advisors LP boosted its stake in shares of NU by 19.4% during 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 period. Tokio Marine Asset Management Co. Ltd. acquired a new position in NU in the 1st quarter valued at about $1,958,000. Vaughan Nelson Investment Management L.P. increased its position in NU by 499.9% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 413,165 shares of the company’s stock worth $5,326,000 after buying an additional 344,295 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of NU in the first quarter valued at approximately $597,000. 80.90% of the stock is owned by institutional investors.
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.