NU (NYSE:NU) Shares Gap Up – Time to Buy?

Nu Holdings Ltd. (NYSE:NU) gapped up prior to trading on Monday . The stock had previously closed at $10.82, but opened at $11.22. NU shares last traded at $11.31, with a volume of 29,557,179 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts recently commented on NU shares. KeyCorp raised their price target on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. cut their price objective on shares of NU from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Monday. Barclays decreased their target price on shares of NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a report on Monday. Susquehanna upped their price target on shares of NU from $16.00 to $18.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. Finally, UBS Group decreased their price objective on shares of NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, NU currently has a consensus rating of “Hold” and an average price target of $15.47.

NU Stock Up 2.5 %

The firm has a market cap of $54.78 billion, a P/E ratio of 28.68, a PEG ratio of 0.48 and a beta of 1.10. The stock’s 50-day simple moving average is $11.90 and its 200 day simple moving average is $13.24. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20.

NU (NYSE:NU) last posted its earnings results on Thursday, February 20th. The company reported $0.12 EPS for the quarter, hitting the consensus estimate of $0.12. The company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.17 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. As a group, research analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

Hedge Funds Weigh In On NU

A number of hedge funds have recently bought and sold shares of NU. Norges Bank bought a new stake in NU during the fourth quarter worth $447,762,000. State Street Corp increased its holdings in NU by 105.9% during the third quarter. State Street Corp now owns 78,865,138 shares of the company’s stock worth $1,076,509,000 after buying an additional 40,560,986 shares during the last quarter. Baillie Gifford & Co. raised its position in NU by 13.0% in the third quarter. Baillie Gifford & Co. now owns 210,103,451 shares of the company’s stock worth $2,867,912,000 after acquiring an additional 24,140,416 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of NU by 2,193.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 18,109,184 shares of the company’s stock worth $187,611,000 after purchasing an additional 17,319,681 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of NU by 104.3% during the 3rd quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company’s stock worth $442,935,000 after acquiring an additional 16,638,397 shares during the period. 84.02% of the stock is owned by hedge funds and other institutional investors.

About NU

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.