Barclays Cuts NU (NYSE:NU) Price Target to $15.00

NU (NYSE:NU) had its price target trimmed by Barclays from $17.00 to $15.00 in a research report report published on Monday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other equities analysts also recently issued reports on the company. Itau BBA Securities downgraded NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. Susquehanna raised their price objective on NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. UBS Group decreased their target price on NU from $15.50 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, February 18th. The Goldman Sachs Group raised their price target on shares of NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of NU from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Monday. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $15.47.

NU Price Performance

Shares of NU stock opened at $11.50 on Monday. NU has a fifty-two week low of $9.67 and a fifty-two week high of $16.15. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. The firm has a market capitalization of $54.78 billion, a price-to-earnings ratio of 28.74, a PEG ratio of 0.48 and a beta of 1.10. The stock’s 50-day simple moving average is $11.92 and its 200-day simple moving average is $13.23.

NU (NYSE:NU) last released its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, hitting the consensus estimate of $0.12. The company had revenue of $2.99 billion for 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, equities analysts forecast that NU will post 0.58 earnings per share for the current fiscal year.

Institutional Trading of NU

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fisher Asset Management LLC purchased a new stake in shares of NU in the third quarter valued at approximately $98,704,000. Thrivent Financial for Lutherans grew its stake in NU by 23.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 257,648 shares of the company’s stock valued at $3,517,000 after acquiring an additional 48,445 shares during the period. Adero Partners LLC increased its holdings in NU by 5.7% in the 3rd quarter. Adero Partners LLC now owns 4,819,355 shares of the company’s stock worth $65,784,000 after acquiring an additional 259,324 shares in the last quarter. Summit Partners Public Asset Management LLC raised its position in NU by 20.0% during the third quarter. Summit Partners Public Asset Management LLC now owns 300,000 shares of the company’s stock worth $4,095,000 after acquiring an additional 50,000 shares during the period. Finally, Baader Bank Aktiengesellschaft lifted its holdings in NU by 19.6% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 355,332 shares of the company’s stock valued at $3,680,000 after purchasing an additional 58,183 shares in the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Company Profile

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.