NU (NYSE:NU) Rating Lowered to Market Perform at Itau BBA Securities

Itau BBA Securities lowered shares of NU (NYSE:NU) from an outperform rating to a market perform rating in a research note released on Thursday morning, MarketBeat Ratings reports.

A number of other brokerages have also recently commented on NU. Susquehanna upped their price target on shares of NU from $16.00 to $18.00 and gave the company a “positive” rating in a research report on Thursday. UBS Group lowered shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 price objective on the stock. in a research note on Friday, August 2nd. KeyCorp lifted their target price on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday. Barclays lifted their target price on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of NU from $14.50 to $15.00 and gave the company a “neutral” rating in a report on Monday, August 19th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.21.

NU Stock Performance

Shares of NU stock opened at $14.06 on Thursday. The company has a quick ratio of 0.49, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. NU has a twelve month low of $7.74 and a twelve month high of $16.15. The stock has a market cap of $67.01 billion, a price-to-earnings ratio of 39.06, a P/E/G ratio of 0.64 and a beta of 1.13. The company’s fifty day moving average is $14.48 and its 200 day moving average is $13.24.

Hedge Funds Weigh In On NU

A number of hedge funds have recently modified their holdings of NU. Massmutual Trust Co. FSB ADV boosted its position in shares of NU by 287.9% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock worth $26,000 after acquiring an additional 1,422 shares during the last quarter. GAMMA Investing LLC increased its stake in NU by 56.2% in the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock worth $29,000 after buying an additional 815 shares during the period. Carolina Wealth Advisors LLC purchased a new position in NU in the 3rd quarter worth about $44,000. ORG Partners LLC purchased a new position in NU in the 2nd quarter worth about $54,000. Finally, Toth Financial Advisory Corp bought a new position in NU during the 3rd quarter worth about $55,000. 80.90% of the stock is currently owned by institutional investors.

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.