NU (NYSE:NU) Given New $19.00 Price Target at The Goldman Sachs Group

NU (NYSE:NU) had its target price boosted by The Goldman Sachs Group from $17.00 to $19.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. The Goldman Sachs Group’s target price would indicate a potential upside of 32.68% from the company’s previous close.

Other analysts have also recently issued reports about the stock. Itau BBA Securities cut shares of NU from an “outperform” rating to a “market perform” rating in a report on Thursday. Barclays upped their target price on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, August 16th. UBS Group downgraded NU from a “buy” rating to a “neutral” rating and set a $13.50 price target on the stock. in a report on Friday, August 2nd. Susquehanna upped their price objective on NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research note on Thursday. Finally, Bank of America raised their target price on NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $16.21.

NU Stock Down 8.4 %

Shares of NU stock traded down $1.32 during mid-day trading on Thursday, reaching $14.32. 43,195,324 shares of the company were exchanged, compared to its average volume of 31,989,424. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.49. The business’s 50 day simple moving average is $14.45 and its 200 day simple moving average is $13.17. The company has a market capitalization of $68.25 billion, a P/E ratio of 46.19, a P/E/G ratio of 0.72 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.

NU (NYSE:NU) last released its earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.02. The company had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.90 billion. NU had a net margin of 15.11% and a return on equity of 27.00%. During the same quarter in the previous year, the firm earned $0.05 EPS. Research analysts predict that NU will post 0.41 earnings per share for the current year.

Institutional Trading of NU

A number of institutional investors have recently made changes to their positions in NU. Baillie Gifford & Co. grew its holdings in NU by 13.0% during the third quarter. Baillie Gifford & Co. now owns 210,103,451 shares of the company’s stock worth $2,867,912,000 after acquiring an additional 24,140,416 shares during the period. Capital Research Global Investors grew its stake in shares of NU by 15.7% in the 1st quarter. Capital Research Global Investors now owns 202,618,338 shares of the company’s stock worth $2,417,237,000 after purchasing an additional 27,420,994 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of NU by 7.1% in the 3rd quarter. Jennison Associates LLC now owns 96,754,946 shares of the company’s stock worth $1,320,705,000 after purchasing an additional 6,435,526 shares in the last quarter. FMR LLC boosted its holdings in NU by 16.4% during the third quarter. FMR LLC now owns 61,801,891 shares of the company’s stock worth $843,596,000 after buying an additional 8,728,833 shares in the last quarter. Finally, Whale Rock Capital Management LLC increased its holdings in shares of NU by 0.8% in the first quarter. Whale Rock Capital Management LLC now owns 25,004,827 shares of the company’s stock valued at $298,308,000 after buying an additional 204,305 shares in the last quarter. 80.90% of the stock is owned by institutional investors and hedge funds.

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.