NU (NYSE:NU) Stock Rating Upgraded by JPMorgan Chase & Co.

NU (NYSE:NU) was upgraded by JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research note issued to investors on Tuesday, Marketbeat reports. The firm currently has a $13.00 price target on the stock, down from their prior price target of $14.00. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 19.05% from the company’s previous close.

Several other equities analysts have also recently weighed in on the stock. UBS Group decreased their price target on shares of NU from $15.50 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. Barclays cut their price objective on NU from $17.00 to $15.00 and set an “overweight” rating for the company in a report on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, NU presently has a consensus rating of “Moderate Buy” and an average target price of $15.36.

NU Price Performance

NYSE NU opened at $10.92 on Tuesday. The business has a 50 day simple moving average of $11.61 and a 200 day simple moving average of $12.46. NU has a 52-week low of $9.01 and a 52-week high of $16.15. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. The stock has a market cap of $52.04 billion, a price-to-earnings ratio of 27.30, a PEG ratio of 0.48 and a beta of 1.14.

NU (NYSE:NU) last posted its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.12. NU had a return on equity of 30.99% and a net margin of 17.12%. The business had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $3.17 billion. Analysts anticipate that NU will post 0.58 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Baillie Gifford & Co. increased its position in shares of NU by 7.1% in the fourth quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company’s stock worth $2,330,786,000 after purchasing an additional 14,875,891 shares during the period. Norges Bank bought a new position in NU in the fourth quarter valued at about $447,762,000. Geode Capital Management LLC grew its position in NU by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 33,777,551 shares of the company’s stock valued at $348,774,000 after acquiring an additional 1,179,748 shares during the last quarter. Northern Trust Corp grew its position in NU by 45.1% in the fourth quarter. Northern Trust Corp now owns 25,496,091 shares of the company’s stock valued at $264,140,000 after acquiring an additional 7,930,598 shares during the last quarter. Finally, Ribbit Management Company LLC grew its position in NU by 22.1% in the fourth quarter. Ribbit Management Company LLC now owns 25,243,753 shares of the company’s stock valued at $261,525,000 after acquiring an additional 4,575,000 shares during the last quarter. 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.