Brokerages Set Nu Holdings Ltd. (NYSE:NU) Price Target at $15.63

Nu Holdings Ltd. (NYSE:NU) has been assigned an average rating of “Hold” from the ten brokerages that are presently covering the stock, Marketbeat Ratings reports. One research 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. The average 12-month target price among brokers that have covered the stock in the last year is $15.63.

Several equities research analysts have recently commented on the company. The Goldman Sachs Group upped their target price on NU from $17.00 to $19.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Itau BBA Securities lowered shares of NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. KeyCorp lifted their target price on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. 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, November 14th. Finally, Citigroup cut shares of NU from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $14.60 to $11.00 in a research report on Monday, December 2nd.

NU Price Performance

NYSE NU opened at $11.17 on Friday. The stock has a market capitalization of $53.24 billion, a P/E ratio of 31.03, a P/E/G ratio of 0.59 and a beta of 1.05. 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 business’s fifty day moving average is $12.66 and its two-hundred day moving average is $13.24. NU has a 1 year low of $8.51 and a 1 year high of $16.15.

Institutional Trading of NU

A number of institutional investors have recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV raised its stake in shares of NU by 287.9% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock worth $26,000 after purchasing an additional 1,422 shares in the last quarter. Carolina Wealth Advisors LLC bought a new position in NU during the third quarter valued at approximately $44,000. Toth Financial Advisory Corp acquired a new stake in NU in the third quarter valued at approximately $55,000. GAMMA Investing LLC grew its position in NU by 81.9% in the third quarter. GAMMA Investing LLC now owns 4,119 shares of the company’s stock worth $56,000 after acquiring an additional 1,855 shares in the last quarter. Finally, Huntington National Bank increased its stake in shares of NU by 86.3% during the 3rd quarter. Huntington National Bank now owns 4,601 shares of the company’s stock worth $63,000 after purchasing an additional 2,131 shares during the last quarter. Institutional investors and hedge funds own 84.02% 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.