NU (NYSE:NU) Downgraded by Itau BBA Securities to Market Perform

Itau BBA Securities downgraded shares of NU (NYSE:NU) from an outperform rating to a market perform rating in a research note issued to investors on Thursday, MarketBeat reports.

Several other equities research analysts also recently commented on NU. UBS Group downgraded shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 target price on the stock. in a research note on Friday, August 2nd. JPMorgan Chase & Co. increased their price objective on shares of NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. KeyCorp increased their price objective on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday. Susquehanna increased their price target on NU from $16.00 to $18.00 and gave the company a “positive” rating in a research note on Thursday. Finally, Barclays upped their price target on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $16.21.

NU Stock Performance

NYSE NU traded down $1.09 during midday trading on Thursday, hitting $14.10. The company had a trading volume of 46,030,177 shares, compared to its average volume of 32,270,174. The firm has a fifty day simple moving average of $14.47 and a two-hundred day simple moving average of $13.19. The stock has a market cap of $67.20 billion, a price-to-earnings ratio of 38.92, a P/E/G ratio of 0.71 and a beta of 1.13. 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 has a fifty-two week low of $7.74 and a fifty-two week high of $16.15.

NU (NYSE:NU) last issued its earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.02. The business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.90 billion. NU had a net margin of 16.28% and a return on equity of 29.70%. During the same period in the previous year, the business earned $0.05 EPS. Equities analysts forecast that NU will post 0.41 earnings per share for the current fiscal year.

Institutional Trading of NU

Several large investors have recently bought and sold shares of the business. Massmutual Trust Co. FSB ADV raised its position in NU by 287.9% in the third quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock valued at $26,000 after purchasing an additional 1,422 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of NU by 56.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock valued at $29,000 after purchasing an additional 815 shares in the last quarter. Carolina Wealth Advisors LLC acquired a new position in NU during the 3rd quarter valued at about $44,000. ORG Partners LLC bought a new stake in shares of NU in the 2nd quarter worth $54,000. Finally, Toth Financial Advisory Corp purchased a new position in NU during the third quarter worth about $55,000. 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.