NU (NYSE:NU) Trading 0.8% Higher – Still a Buy?

Nu Holdings Ltd. (NYSE:NU) shares traded up 0.8% during mid-day trading on Tuesday . The stock traded as high as $15.73 and last traded at $15.61. 4,486,497 shares changed hands during trading, a decline of 86% from the average session volume of 31,978,322 shares. The stock had previously closed at $15.48.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on NU shares. Barclays lifted their price objective on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. The Goldman Sachs Group raised their price objective on shares of NU from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Susquehanna reaffirmed a “positive” rating and issued a $16.00 price target on shares of NU in a research note on Thursday, August 15th. UBS Group lowered shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 target price on the stock. in a report on Friday, August 2nd. Finally, JPMorgan Chase & Co. boosted their price objective on NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $15.21.

NU Stock Down 3.8 %

The firm has a market cap of $72.16 billion, a P/E ratio of 49.94, a P/E/G ratio of 0.68 and a beta of 1.15. The firm’s fifty day moving average is $14.34 and its 200 day moving average is $12.87. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.49.

NU (NYSE:NU) last released its quarterly earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share for the quarter, topping 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 business had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same period last year, the firm posted $0.05 EPS. As a group, equities research analysts anticipate that Nu Holdings Ltd. will post 0.41 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NU

Hedge funds have recently added to or reduced their stakes in the stock. Malaga Cove Capital LLC bought a new stake in shares of NU during the 3rd quarter worth approximately $313,000. Gulf International Bank UK Ltd bought a new position in shares of NU in the 3rd quarter valued at $3,046,000. Asset Management One Co. Ltd. acquired a new position in NU during the third quarter worth about $5,041,000. National Pension Service bought a new stake in shares of NU during the third quarter worth $11,477,000. Finally, Donaldson Capital Management LLC acquired a new position in shares of NU during the third quarter worth $2,486,000. Institutional investors own 80.90% 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.