NU (NYSE:NU) Given New $18.00 Price Target at Susquehanna

NU (NYSE:NU) had its target price boosted by Susquehanna from $16.00 to $18.00 in a research report released on Thursday,Benzinga reports. Susquehanna currently has a positive rating on the stock.

Several other equities research analysts have also commented on NU. KeyCorp boosted 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. Bank of America increased their target price on shares of NU from $12.80 to $15.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. UBS Group lowered NU from a “buy” rating to a “neutral” rating and set a $13.50 price target on the stock. in a research note on Friday, August 2nd. Barclays lifted their price objective on 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. upped their target price on NU from $14.50 to $15.00 and gave the company a “neutral” rating in a report on Monday, August 19th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, NU presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.21.

NU Stock Performance

Shares of NU stock traded down $1.09 during mid-day trading on Thursday, hitting $14.10. The stock had a trading volume of 46,030,177 shares, compared to its average volume of 32,270,174. The firm has a market cap of $67.20 billion, a PE ratio of 38.92, a PEG ratio of 0.71 and a beta of 1.13. NU has a fifty-two week low of $7.74 and a fifty-two week high of $16.15. The company’s 50-day simple moving average is $14.47 and its 200-day simple moving average is $13.19. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.49 and a quick ratio of 0.49.

NU (NYSE:NU) last released its earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.02. NU had a return on equity of 29.70% and a net margin of 16.28%. The company had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the previous year, the firm posted $0.05 EPS. Sell-side analysts anticipate that NU will post 0.41 earnings per share for the current year.

Institutional Investors Weigh In On NU

A number of institutional investors have recently bought and sold shares of NU. State Street Corp boosted its holdings in shares of NU by 105.9% in the 3rd quarter. State Street Corp now owns 78,865,138 shares of the company’s stock valued at $1,076,509,000 after purchasing an additional 40,560,986 shares during the last quarter. Stifel Financial Corp raised its position in shares of NU by 8.5% in the 3rd quarter. Stifel Financial Corp now owns 1,177,480 shares of the company’s stock worth $16,073,000 after buying an additional 92,475 shares during the period. Quantinno Capital Management LP boosted its holdings in NU by 112.5% in the third quarter. Quantinno Capital Management LP now owns 64,156 shares of the company’s stock valued at $876,000 after acquiring an additional 33,968 shares during the last quarter. Quarry LP increased its stake in NU by 104.8% during the third quarter. Quarry LP now owns 7,890 shares of the company’s stock worth $108,000 after acquiring an additional 4,037 shares during the last quarter. Finally, Royal London Asset Management Ltd. raised its holdings in shares of NU by 6.2% in the 3rd quarter. Royal London Asset Management Ltd. now owns 1,305,453 shares of the company’s stock worth $17,819,000 after purchasing an additional 76,009 shares during the period. 80.90% of the stock is currently owned by hedge funds and other institutional investors.

NU Company Profile

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.