NU (NYSE:NU) Lowered to “Neutral” at UBS Group

UBS Group downgraded shares of NU (NYSE:NU) from a buy rating to a neutral rating in a research report report published on Friday morning, Marketbeat Ratings reports. They currently have $13.50 target price on the stock.

Other research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. cut shares of NU from an overweight rating to a neutral rating and raised their price target for the stock from $12.00 to $14.50 in a research note on Monday, July 22nd. Jefferies Financial Group lifted their price objective on NU from $10.80 to $15.20 and gave the company a buy rating in a report on Monday, June 24th. The Goldman Sachs Group upped their target price on shares of NU from $15.00 to $17.00 and gave the stock a buy rating in a report on Thursday, July 11th. KeyCorp boosted their price target on shares of NU from $12.00 to $13.00 and gave the company an overweight rating in a research report on Monday, April 22nd. Finally, Susquehanna raised their price objective on shares of NU from $14.00 to $16.00 and gave the stock a positive rating in a report on Tuesday, July 16th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, NU presently has a consensus rating of Moderate Buy and an average target price of $13.18.

NU Stock Performance

Shares of NU stock traded up $0.54 during trading on Friday, reaching $11.25. The company’s stock had a trading volume of 17,665,827 shares, compared to its average volume of 29,009,535. The business’s fifty day moving average price is $12.31 and its 200-day moving average price is $11.44. NU has a one year low of $6.61 and a one year high of $13.64. The firm has a market cap of $53.62 billion, a price-to-earnings ratio of 41.19, a price-to-earnings-growth ratio of 0.54 and a beta of 1.13. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.40 and a current ratio of 0.40.

NU (NYSE:NU) last posted its quarterly earnings data on Tuesday, May 14th. The company reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. NU had a return on equity of 22.94% and a net margin of 13.86%. The company had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.58 billion. As a group, equities research analysts predict that NU will post 0.41 earnings per share for the current year.

Hedge Funds Weigh In On NU

Institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC raised its stake in shares of NU by 56.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock worth $29,000 after purchasing an additional 815 shares in the last quarter. Tennessee Valley Asset Management Partners acquired a new stake in NU in the 4th quarter valued at about $52,000. ORG Partners LLC bought a new position in NU during the second quarter worth about $54,000. UMB Bank n.a. acquired a new position in NU during the fourth quarter worth approximately $55,000. Finally, Opal Wealth Advisors LLC bought a new stake in NU in the second quarter valued at approximately $88,000. 80.90% of the stock is currently 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.