NU (NYSE:NU) Sets New 52-Week High – Time to Buy?

Shares of Nu Holdings Ltd. (NYSE:NU) hit a new 52-week high during trading on Wednesday . The company traded as high as $15.16 and last traded at $14.99, with a volume of 4881077 shares trading hands. The stock had previously closed at $14.54.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on NU shares. Susquehanna reiterated a “positive” rating and set a $16.00 price objective on shares of NU in a report on Thursday, August 15th. JPMorgan Chase & Co. boosted their price objective on NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. Barclays upped their price target on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. UBS Group downgraded shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 target price for the company. in a report on Friday, August 2nd. Finally, Bank of America boosted their price target on shares of NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, NU presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.21.

NU Trading Up 3.1 %

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 $14.16 and its two-hundred day simple moving average is $12.71. The stock has a market capitalization of $71.44 billion, a PE ratio of 55.96, a PEG ratio of 0.67 and a beta of 1.15.

NU (NYSE:NU) last released its quarterly earnings data on Tuesday, August 13th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. NU had a net margin of 15.11% and a return on equity of 27.00%. The business had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the prior year, the firm earned $0.05 earnings per share. On average, sell-side analysts expect that Nu Holdings Ltd. will post 0.41 EPS for the current year.

Hedge Funds Weigh In On NU

Several hedge funds have recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV raised its holdings in shares of NU by 287.9% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock valued at $26,000 after acquiring an additional 1,422 shares in the last quarter. GAMMA Investing LLC lifted its position in NU by 56.2% during the second quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock valued at $29,000 after purchasing an additional 815 shares during the last quarter. Carolina Wealth Advisors LLC purchased a new position in NU in the 3rd quarter worth approximately $44,000. ORG Partners LLC bought a new position in shares of NU in the 2nd quarter worth $54,000. Finally, Toth Financial Advisory Corp purchased a new stake in shares of NU during the 3rd quarter valued at $55,000. Hedge funds and other institutional investors own 80.90% of the company’s stock.

About NU

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.