How to Buy Nu Holdings Stock
Nu Holdings Ltd
Nu Holdings is a bank company located in Brazil, which is part of the Financial Services sector, and is traded under the ticker NU on the NYSE exchange.
Nu Holdings stock last closed at $10.71, down 2.64% from the previous day, and has increased 0.94% in one year. It has underperformed other stocks in the Banks - Regional industry by 0.1 percentage points. Nu Holdings stock is currently +18.87% from its 52-week low of $9.01, and -33.66% from its 52-week high of $16.15.
There are currently 4.82B NU shares outstanding. The market cap of NU is $51.61B. In the past 24 hours, 36.84M NU shares were traded.
How to Buy Nu Holdings Stock
Wondering how to invest in Nu Holdings stock? Here's how.
- Choose where to buy Nu Holdings stock: You need to choose a stock brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you decide where to buy Nu Holdings stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Fund your brokerage account: Choose your method of payment and add your details.
- Evaluate Nu Holdings stock: The Nu Holdings ticker symbol is NU. Is Nu Holdings stock a good investment? Should you buy shares of NU? How do NU's underlying business fundamentals look? Do top analysts think Nu Holdings is a good buy? Why has NU's stock price moved recently? (Hint: Our stock market analysis website can help you understand if NU is a good stock to buy).
- Execute your NU buy order: Decide if you will purchase NU shares at the current market price or use a limit order to buy NU shares at a particular price.
- Keep tabs on your investment in NU: Create a watchlist to get live updates on your new investment in Nu Holdings stock.
Step 1: Choose where to buy Nu Holdings stock
You need a brokerage account to access the NYSE market and buy NU shares.
Our favorite brokerage: eToro
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Open eToro AccountStep 2: Create a brokerage account
Now that you've chosen your brokerage, it's time to fill out some personal details so you are able to invest in NU stock today.
How to Set Up a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal info to start your new trading account.
- Send your data by clicking the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you've created your account on the best stock market app, you can securely and quickly fund your account:
Check out this video walkthrough if you need help transferring funds into your new brokerage account.
Step 4: Evaluate Nu Holdings stock
Once you have figured out the best place to buy Nu Holdings stock, it's important to evaluate their stock prior to investing, so you truly comprehend the risk and opportunity.
Nu Holdings quick stats
NU Due Diligence Checks
WallStreetZen was designed to help everyday investors do more in-depth fundamental analysis.
You can view all of the due diligence checks on NU's stock page.
What is the fair value of NU stock?
You can use a variety of different financial metrics, analyses, models, and charts to gauge NU's intrinsic value.
Using relative valuations measures:
- NU may be overvalued based on its P/E ratio of 26.06x, relative to Banks - Regional industry P/E ratio of 13.07x
- NU may be overvalued based on its P/B ratio of 6.75x, relative to Banks - Regional industry P/B ratio of 1.07x
- NU could be undervalued based on its PEG ratio of 0.69x
You can do more valuation research on NU's stock here.
NU Financial Overview
Positive Financial Indicators:
- Total NU debt is lower than 5 years ago, relative to shareholder equity.
- NU's operating cash flow of $2.40B allows it to safely service it's debt of $2.07B.
- NU profit margin has gone up from 12.8% to 17.1% in the past year.
- NU earnings of $2.80B is not enough to cover its interest payments.
Negative Financial Indicators:
- NU has a relatively high debt to equity ratio of 5.53.
Do analysts think it's a good time to buy Nu Holdings stock
Out of 7 sell side analysts who monitor NU, the consensus analyst rating on NU is a Buy
It's important to keep in mind that analyst ratings are not recommendations, nor are they investment advice.
Most Recent NU Analyst Ratings
Alex Markgraff, a top 9% analyst from KeyBanc maintains NU with a strong buy rating and raises their NU price target from $15.00 to $17.00, on Nov 14, 2024.
KeyBanc's Alex Markgraff raised their price target on Nu Holdings (NYSE: NU) by 13.3% from $15 to $17 on 2024/11/14. The analyst maintained their Strong Buy rating on the stock.
Nu Holdings reported its Q3 2024 earnings.
Markgraff said that the quarter delivered revenue and gross profit "a hair below" KeyBanc's estimates and below consensus to a greater extent.
Overall, the analyst characterized the results as "mixed and messier than usual, with the combination of higher credit origination activity and a downtick in net interest margin driving the need for extra explanation."
Earnings Report
For Q3 2024, Nu Holdings reported:
- EPS of $0.1132, largely in line with the Thomson Reuters Consensus Estimate of $0.11 and up from Q3 2023's $0.0624.
- Revenue of $2.943B, up from Q3 2023's $2.136B.
Management did not provide financial guidance in its press release.
Founder & CEO David Vélez commented: "Our third quarter 2024 underscores the strength of our business model, demonstrating top-line growth and sustained profitability.
"We reached $2.9 billion in revenue, driven by both customer acquisition – now reaching 110 million globally – and enhanced customer engagement through cross-selling and up-selling initiatives, alongside appealing product launches.
"This growth was accompanied by a virtually stable cost-to-serve and a record ROE of 30%, resulting in a more than doubling of net income to $553 million for the quarter (YoY FXN).
"Our expansion into Mexico and Colombia continues to generate impressive results, with nearly 9 million customers in Mexico and over 2 million in Colombia.
"As we make progress in our execution, we are preparing ourselves to consolidate Nu as the world's leading digital services platform, going beyond financial services."
James Friedman, a bottom 2% analyst from Susquehanna maintains NU with a strong buy rating and raises their NU price target from $16.00 to $18.00, on Nov 14, 2024.
You can dig deeper into what analysts are projecting on the Nu Holdings stock forecast page.
NU Trading Indicators
Is NU Growing Revenue?
Last year, NU earnings were $1.97B. During the past one years, NU's earnings have grown by 89.4% per year. This was faster than the Banks - Regional industry average of 17.78%.
Last year, NU revenue was $11.52B. During the last five year, NU's revenue has increased by 79.85% per year. This was faster than the Banks - Regional industry average of 10.1%.
Find out more about NU's earnings and revenue performance here.
Who is buying/selling NU?
In the last year, insiders at NU have not bought or sold any shares.
Learn more about who owns NU shares here.
Can I rely on NU as an income stream?
No, Nu Holdings doesn't provide an income stream by paying out dividends.
Get analysis from other investors
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Execute your NU buy order
You have two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are generally the easiest way to buy. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at a particular price limit, place a limit order.
Press the Open button and eToro will execute the order.
If you want more assistance buying stocks on eToro, watch the helpful video below:
Step 6: Keep tabs on your investment in NU
Now that you own some NU stock, you'll want to stay up-to-date on your investment.
Put NU on a watchlist to keep tabs on your NU stock.
NU Feed
How to Buy Stock in Nu Holdings
To summarize, here are the 6 steps you need to take to buy Nu Holdings stock right now:
- Choose where to buy Nu Holdings stock
- Create a brokerage account
- Fund your brokerage account
- Evaluate Nu Holdings stock
- Execute your NU buy order
- Keep tabs on your investment in NU
If you require a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you would like to keep an eye on your new investment in Nu Holdings, click below.
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