JPMorgan Chase & Co. Lowers NU (NYSE:NU) Price Target to $14.00

NU (NYSE:NU) had its price target lowered by JPMorgan Chase & Co. from $15.00 to $14.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 29.93% from the company’s current price.

Other equities analysts have also issued reports about the company. Citigroup lowered NU from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $14.60 to $11.00 in a research report on Monday, December 2nd. The Goldman Sachs Group raised their target price on shares of NU from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. KeyCorp upped their price target on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. UBS Group cut their price target on shares of NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. Finally, Itau BBA Securities lowered NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $15.69.

NU Trading Down 19.2 %

Shares of NU opened at $10.78 on Monday. NU has a fifty-two week low of $9.67 and a fifty-two week high of $16.15. The firm has a market cap of $51.35 billion, a price-to-earnings ratio of 26.94, a PEG ratio of 0.48 and a beta of 1.10. The firm has a 50 day moving average price of $11.92 and a 200-day moving average price of $13.26. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44.

NU (NYSE:NU) last issued its earnings results on Thursday, February 20th. The company reported $0.12 EPS for the quarter, hitting analysts’ consensus estimates of $0.12. NU had a net margin of 17.12% and a return on equity of 30.99%. The company had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $3.17 billion. As a group, equities research analysts forecast that NU will post 0.58 earnings per share for the current year.

Institutional Trading of NU

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. LRI Investments LLC increased its stake in NU by 3.1% in the 3rd quarter. LRI Investments LLC now owns 24,983 shares of the company’s stock worth $341,000 after acquiring an additional 743 shares during the last quarter. OneAscent Wealth Management LLC grew its holdings in shares of NU by 6.5% in the fourth quarter. OneAscent Wealth Management LLC now owns 12,481 shares of the company’s stock valued at $129,000 after purchasing an additional 760 shares in the last quarter. Coldstream Capital Management Inc. increased its position in NU by 3.1% in the third quarter. Coldstream Capital Management Inc. now owns 26,517 shares of the company’s stock worth $362,000 after purchasing an additional 801 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in NU by 1.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 69,110 shares of the company’s stock valued at $716,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Arkfeld Wealth Strategies L.L.C. lifted its position in NU by 2.0% during the fourth quarter. Arkfeld Wealth Strategies L.L.C. now owns 52,245 shares of the company’s stock valued at $579,000 after purchasing an additional 1,000 shares during the last quarter. 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.