NU (NYSE:NU) Shares Gap Up – Here’s Why

Nu Holdings Ltd. (NYSE:NU) shares gapped up prior to trading on Monday . The stock had previously closed at $10.82, but opened at $11.22. NU shares last traded at $11.31, with a volume of 29,557,179 shares changing hands.

Analysts Set New Price Targets

A number of research analysts recently commented on NU shares. JPMorgan Chase & Co. decreased their price target on shares of NU from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Monday. Barclays decreased their price target on shares of NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a research note on Monday. Itau BBA Securities lowered shares of NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. UBS Group decreased their target price on shares of NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. Finally, Susquehanna increased their target price on shares of NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $15.47.

NU Price Performance

The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. The firm has a market cap of $53.31 billion, a price-to-earnings ratio of 27.94, a price-to-earnings-growth ratio of 0.48 and a beta of 1.10. The company’s 50-day moving average is $11.92 and its 200-day moving average is $13.26.

NU (NYSE:NU) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.12. The business had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.17 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. Equities research analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Hedge Funds Weigh In On NU

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Piscataqua Savings Bank lifted its stake in NU by 500.0% in the 4th quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock valued at $31,000 after purchasing an additional 2,500 shares during the last quarter. Huntington National Bank lifted its stake in NU by 86.3% in the 3rd quarter. Huntington National Bank now owns 4,601 shares of the company’s stock valued at $63,000 after purchasing an additional 2,131 shares during the last quarter. Orion Capital Management LLC bought a new position in NU in the 4th quarter valued at approximately $50,000. TD Waterhouse Canada Inc. lifted its stake in NU by 190.8% in the 4th quarter. TD Waterhouse Canada Inc. now owns 4,900 shares of the company’s stock valued at $51,000 after purchasing an additional 3,215 shares during the last quarter. Finally, Campbell Capital Management Inc. bought a new position in NU in the 4th quarter valued at approximately $52,000. Institutional investors own 84.02% of the company’s stock.

NU Company Profile

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.