NU (NYSE:NU) set a new 1-year high at $15.10

Shares of Nu Holdings Ltd. (NYSE:NU – Get Free Report ) hit a new 52-week high on Tuesday . The stock traded as high as $15.10 and last traded at $15.09, with a volume of 6330439 shares traded. Shares previously closed at $14.89.

Analyst upgrades and downgrades

Several equities research analysts have issued reports on NU shares. Bank of America upped their target price on NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Jefferies Financial Group boosted their target price on NU from $10.80 to $15.20 and gave the stock a “buy” rating in a research note on Monday, June 24th. Susquehanna reiterated a “positive” rating and set a $16.00 target price on shares of NU in a research report on Thursday, August 15th. 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. Finally, JPMorgan Chase & Co. boosted their price objective on shares of NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. NU currently has an average rating of “Moderate Buy” and an average price target of $14.08, according to MarketBeat.com.

Read the latest stock analysis on NU

NO trading down 0.3%

The company’s 50-day simple moving average is $13.43, and its 200-day simple moving average is $12.34. The firm has a market cap of $70.54 billion, a PE ratio of 56.88, a price-to-earnings-growth ratio of 0.68 and a beta of 1.17. The company has a quick ratio of 0.49, a current ratio of 0.49, and a debt-to-equity ratio of 0.25.

NU (NYSE:NU – Get Your Free Report ) last announced its quarterly earnings data 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. NU had a return on equity of 27.00% and a net margin of 15.11%. The firm had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.90 billion. In the same quarter last year, the company posted earnings of $0.05 per share. equities analysts expect that Nu Holdings Ltd. will post 0.4 earnings per share for the current year.

Hedge funds influence NO

A number of hedge funds and other institutional investors have recently made changes to their positions in NU. Capital Research Global Investors boosted its holdings in NU by 15.7% in the first quarter. Capital Research Global Investors now owns 202,618,338 shares of the company’s stock worth $2,417,237,000 after buying an additional 27,420,994 shares during the period. Baillie Gifford & Co. raised its stake in NU by 9.7% in the second quarter. Baillie Gifford & Co. now owns 185,963,035 shares of the company’s stock valued at $2,397,064,000 after purchasing an additional 16,512,911 shares during the period. WCM Investment Management LLC boosted its position in shares of NU by 1,157.4% in the first quarter. WCM Investment Management LLC now owns 99,965,627 shares of the company’s stock valued at $1,192,590,000 after purchasing an additional 92,015,719 shares in the last quarter. Jennison Associates LLC raised its stake in NU by 32.4% in the first quarter. Jennison Associates LLC now owns 87,155,886 shares of the company’s stock worth $1,039,770,000 after buying an additional 21,342,814 shares during the period. Finally, Sands Capital Management LLC boosted its holdings in NU by 92.7% in the fourth quarter. Sands Capital Management LLC now owns 85,220,661 shares of the company’s stock worth $709,888,000 after buying an additional 40,992,413 shares during the last quarter. Institutional investors hold 80.90% of the company’s shares.

About NO

(Get a free report)

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia and internationally. Offers credit and debit cards No; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills and make everyday purchases via their mobile phones.

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