Nu Holdings Ltd. (NYSE:NU) Stock Has Average Price Target of $17.94

Nu Holdings Ltd. (NYSE:NU) has been assigned a consensus recommendation of “Moderate Buy” from the fifteen analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $17.94.

NU has been the subject of several analyst reports. Susquehanna boosted their price target on shares of NU from $13.00 to $16.00 and gave the stock a “neutral” rating in a report on Friday, August 14th. Weiss Ratings lowered NU from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, August 21st. UBS Group boosted their target price on NU from $16.90 to $18.20 and gave the stock a “buy” rating in a research note on Thursday, August 20th. Rothschild & Co Redburn set a $19.00 price target on NU in a report on Monday, September 28th. Finally, JPMorgan Chase & Co. upped their price target on NU from $20.00 to $23.00 and gave the company an “overweight” rating in a report on Tuesday, October 6th.

NU Stock Performance

Shares of NU stock opened at $14.53 on Thursday. The business has a 50-day simple moving average of $14.50 and a 200-day simple moving average of $13.93. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.55 and a current ratio of 0.55. NU has a one year low of $11.20 and a one year high of $18.98. The company has a market cap of $70.54 billion, a PE ratio of 19.63, a P/E/G ratio of 0.60 and a beta of 0.95.

NU (NYSE:NU) last issued its earnings results on Tuesday, June 30th. The company reported $0.22 earnings per share for the quarter. NU had a net margin of 18.65% and a return on equity of 31.59%. The firm had revenue of $5.88 billion for the quarter. On average, equities research analysts forecast that NU will post 0.86 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Cristina Junqueira sold 25,000 shares of NU stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $15.01, for a total transaction of $375,250.00. Following the sale, the chief executive officer owned 4,877,593 shares in the company, valued at approximately $73,212,670.93. The trade was a 0.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Henrique Camossa Sald Fragelli sold 221,707 shares of NU stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $15.81, for a total value of $3,505,187.67. Following the sale, the insider owned 979,446 shares in the company, valued at $15,485,041.26. This trade represents a 18.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 386,707 shares of company stock worth $6,001,588.

Institutional Trading of NU

Several institutional investors and hedge funds have recently made changes to their positions in NU. Waverly Advisors LLC grew its stake in shares of NU by 6.4% in the second quarter. Waverly Advisors LLC now owns 12,933 shares of the company’s stock valued at $173,000 after buying an additional 783 shares in the last quarter. World Investment Advisors increased its holdings in NU by 5.1% during the first quarter. World Investment Advisors now owns 16,370 shares of the company’s stock worth $235,000 after buying an additional 791 shares during the last quarter. Mason & Associates Inc increased its holdings in NU by 2.7% during the first quarter. Mason & Associates Inc now owns 30,783 shares of the company’s stock worth $416,000 after buying an additional 808 shares during the last quarter. United Asset Strategies Inc. raised its position in NU by 1.6% during the first quarter. United Asset Strategies Inc. now owns 54,216 shares of the company’s stock worth $779,000 after acquiring an additional 837 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC raised its position in NU by 1.9% during the second quarter. Legacy Wealth Asset Management LLC now owns 50,790 shares of the company’s stock worth $679,000 after acquiring an additional 935 shares in the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.

NU Company Profile

Nubank (NYSE: NU) is a digital financial services company headquartered in São Paulo, Brazil. Founded in 2013, the company was established to simplify banking through technology and expand access to financial services in markets traditionally served by large, conventional institutions.

Nubank offers a range of consumer and business products, including digital bank accounts, credit cards, personal loans, payment services, investment products and insurance. Its platform is designed to allow customers to manage accounts, payments and other financial products through mobile applications and other digital channels.

The company primarily serves customers in Brazil, Mexico and Colombia.