Nu Holdings Ltd. (NYSE:NU) Given Consensus Rating of “Hold” by Brokerages

Shares of Nu Holdings Ltd. (NYSE:NU) have been assigned an average recommendation of “Hold” from the ten brokerages that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $15.63.

Several equities research analysts recently commented on NU shares. Susquehanna raised their target price on NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. Bank of America raised their target price on NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. JPMorgan Chase & Co. raised their target price on NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. KeyCorp raised their target price on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Finally, The Goldman Sachs Group raised their price objective on NU from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, November 14th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Franklin Resources Inc. lifted its holdings in shares of NU by 5.7% in the third quarter. Franklin Resources Inc. now owns 5,060,504 shares of the company’s stock valued at $74,288,000 after purchasing an additional 271,903 shares in the last quarter. Tidal Investments LLC lifted its holdings in shares of NU by 25.1% in the third quarter. Tidal Investments LLC now owns 2,312,956 shares of the company’s stock valued at $31,572,000 after purchasing an additional 463,866 shares in the last quarter. Blankinship & Foster LLC bought a new position in shares of NU in the third quarter valued at approximately $3,212,000. Wilmington Savings Fund Society FSB bought a new position in shares of NU in the third quarter valued at approximately $148,000. Finally, Morse Asset Management Inc lifted its holdings in shares of NU by 71.1% in the third quarter. Morse Asset Management Inc now owns 58,786 shares of the company’s stock valued at $802,000 after purchasing an additional 24,436 shares in the last quarter. Institutional investors own 84.02% of the company’s stock.

NU Trading Down 0.4 %

NYSE NU opened at $11.94 on Monday. The business has a 50 day simple moving average of $13.90 and a 200 day simple moving average of $13.38. NU has a one year low of $8.06 and a one year high of $16.15. The stock has a market capitalization of $56.91 billion, a P/E ratio of 33.17, a P/E/G ratio of 0.61 and a beta of 0.99. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44.

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.