Citigroup Downgrades Nu Holdings Ltd. to Hold

Citigroup has downgraded its rating on Nu Holdings Ltd. (NYSE:NU) to Hold, setting a price target of $13. This change was announced on June 15, 2026, by analyst Gustavo Schroden. Shares of Nu Holdings traded at approximately $12.185 following the announcement.

Other Institutional Activity in Nu Holdings

BlackRock, Inc. increased its position in Nu Holdings by 38.4 million shares, bringing its total to 339.9 million shares worth about $4.88 billion. Meanwhile, Baillie Gifford & Co reduced its holdings by 10.7 million shares, leaving it with 246.6 million shares valued at approximately $3.54 billion. Morgan Stanley added 20.3 million shares, ending with 141.6 million shares valued at $2.04 billion. Capital Research Global Investors cut its stake by 35.6 million shares, now holding 128.5 million shares worth $1.85 billion. State Street Corp also increased its position slightly by 1.5 million shares, totaling 93 million shares valued at $1.34 billion.

Nu Holdings Ltd. Stock Snapshot

Shares of Nu Holdings Ltd. (NYSE:NU) traded near $12.185. The company has a market capitalization of approximately $59.3 billion. It features a P/E ratio of 18.75 and a forward P/E of 10.64, with a beta of 0.952. The stock's 52-week range is between $11.2 and $18.98, with a 50-day moving average of $13.61 and a 200-day moving average of $15.43.

Recent Earnings

Nu Holdings reported revenue of $7.59 billion, with a growth rate of 43.7%. The company achieved a net margin of 41.92% and a return on equity of 30.05%. Its next earnings announcement is scheduled for August 13, 2026.

Insider Buying and Selling at Nu Holdings Ltd.

Several insiders sold shares in April 2026. David Velez, the Chairman and CEO, sold 45,690 shares at an average price of $14.44. Cristina Helena Zingaretti Junqueira, the US CEO & Chief Growth Officer, sold 8,264 shares at the same price. Guilherme Marques Lago, the CFO, and Henrique Camossa Saldanha Fragelli, the Chief Risk Officer, also sold 24,348 and 11,991 shares, respectively, at $14.44. Earlier, on April 8, 2026, Henrique Camossa Saldanha Fragelli purchased 1,767,000 shares at $0.29.

Analysts Set New Price Targets

On June 15, 2026, Citigroup downgraded Nu Holdings to a Hold rating with a $13 price target. Susquehanna also downgraded the stock to Hold with a $13 target on June 3, 2026. B of A Securities downgraded it to Sell with a $10 target on June 2, 2026. UBS maintained its Buy rating with a target of $16.9 on May 20, 2026. The consensus among 21 analysts remains a strong buy with an average target price of $18.39.

About Nu Holdings Ltd.

Nu Holdings Ltd. is a digital banking platform headquartered in São Paulo, Brazil. It operates in Brazil, Mexico, Colombia, the Cayman Islands, and the United States, offering a range of financial services. These include credit and prepaid cards, mobile payments, personal and business accounts, and various investment solutions. The company is led by CEO David Velez-Osomo and was founded in 2013.

Bottom Line

Citigroup's downgrade of Nu Holdings Ltd. reflects a cautious stance with a price target of $13. The stock's recent trading price suggests market volatility, yet the company's solid financial performance and robust analyst consensus indicate strong investor interest. Investors should note that these ratings are backward-looking and may not reflect the current sentiment.