NU (NYSE:NU) Lowered to “Neutral” Rating by Susquehanna

NU (NYSE:NU) was downgraded by analysts at Susquehanna from a “positive” rating to a “neutral” rating in a note issued to investors on Wednesday. They presently have a $13.00 price target on the stock. Susquehanna’s price target suggests a potential upside of 9.30% from the company’s previous close.

NU has been the subject of several other reports. Zacks Research cut NU from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. UBS Group lowered their target price on shares of NU from $18.10 to $16.90 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. Bank of America reaffirmed an “underperform” rating on shares of NU in a report on Tuesday. Weiss Ratings downgraded shares of NU from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 13th. Finally, Itau BBA Securities restated an “outperform” rating on shares of NU in a research report on Tuesday, March 17th. Ten equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, NU presently has a consensus rating of “Moderate Buy” and an average target price of $17.49.

NU Trading Down 8.4%

Shares of NU stock opened at $11.89 on Wednesday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.36. NU has a twelve month low of $11.44 and a twelve month high of $18.98. The firm has a market capitalization of $57.75 billion, a PE ratio of 18.30, a P/E/G ratio of 0.52 and a beta of 0.95. The firm’s 50-day moving average price is $13.98 and its 200 day moving average price is $15.64.

NU (NYSE:NU) last posted its quarterly earnings data on Friday, May 15th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). The firm had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.06 billion. NU had a return on equity of 30.91% and a net margin of 18.20%. On average, sell-side analysts predict that NU will post 0.84 EPS for the current fiscal year.

Insider Buying and Selling at NU

In other NU news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the company’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $14.81, for a total value of $4,443,000.00. Following the completion of the sale, the chief executive officer directly owned 2,312,338 shares in the company, valued at $34,245,725.78. This represents a 11.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Anita M. Sands sold 21,000 shares of NU stock in a transaction on Friday, May 15th. The stock was sold at an average price of $12.24, for a total value of $257,040.00. Following the transaction, the director owned 162,150 shares in the company, valued at approximately $1,984,716. This represents a 11.47% decrease in their position. The disclosure for this sale is available in the SEC filing.

Hedge Funds Weigh In On NU

Several institutional investors and hedge funds have recently bought and sold shares of the company. Sowell Financial Services LLC increased its holdings in shares of NU by 4.8% during the 4th quarter. Sowell Financial Services LLC now owns 12,952 shares of the company’s stock worth $217,000 after buying an additional 599 shares during the last quarter. Parallel Advisors LLC lifted its holdings in NU by 3.7% in the fourth quarter. Parallel Advisors LLC now owns 16,820 shares of the company’s stock valued at $282,000 after acquiring an additional 601 shares during the last quarter. MBM Wealth Consultants LLC grew its position in NU by 1.2% in the fourth quarter. MBM Wealth Consultants LLC now owns 50,284 shares of the company’s stock worth $842,000 after acquiring an additional 607 shares during the period. Cornerstone Wealth Group LLC increased its stake in NU by 1.2% during the fourth quarter. Cornerstone Wealth Group LLC now owns 51,724 shares of the company’s stock worth $866,000 after acquiring an additional 621 shares during the last quarter. Finally, Aptus Capital Advisors LLC increased its stake in NU by 3.4% during the fourth quarter. Aptus Capital Advisors LLC now owns 19,008 shares of the company’s stock worth $318,000 after acquiring an additional 624 shares during the last quarter. 84.02% of the stock is currently owned by institutional investors and hedge funds.

About NU

Nu Holdings Ltd (NYSE: NU), commonly known by its consumer brand Nubank, is a Latin American financial technology company that provides digital banking and financial services through a mobile-first platform. The company’s core offerings include no-fee digital checking accounts, credit cards, personal loans, payments and transfers, and a range of savings and investment products. Nubank emphasizes a streamlined customer experience delivered via its smartphone app, combined with data-driven underwriting and automated customer service tools.

Founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nu grew rapidly by targeting underbanked and digitally savvy consumers in Latin America with low-fee, transparent products.