NU (NYSE:NU) Stock Price Down 8.4% – Should You Sell?

Nu Holdings Ltd. (NYSE:NU)’s stock price fell 8.4% during trading on Thursday . The company traded as low as $14.00 and last traded at $14.32. 43,195,324 shares changed hands during mid-day trading, an increase of 35% from the average session volume of 31,989,424 shares. The stock had previously closed at $15.64.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. Bank of America raised their target price on shares of NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. UBS Group cut shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 price target on the stock. in a report on Friday, August 2nd. Barclays raised 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. Finally, The Goldman Sachs Group raised their target price on NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $16.21.

NU Stock Performance

The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.49. The firm has a market capitalization of $72.01 billion, a price-to-earnings ratio of 46.19, a PEG ratio of 0.72 and a beta of 1.13. The firm’s 50 day simple moving average is $14.45 and its 200 day simple moving average is $13.17.

NU (NYSE:NU) last issued its quarterly earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. NU had a return on equity of 27.00% and a net margin of 15.11%. The company had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the prior year, the business posted $0.05 earnings per share. Sell-side analysts forecast that Nu Holdings Ltd. will post 0.41 earnings per share for the current fiscal year.

Institutional Trading of NU

Institutional investors have recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV boosted its stake in NU by 287.9% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock worth $26,000 after buying an additional 1,422 shares during the last quarter. GAMMA Investing LLC increased its position in NU by 56.2% during the second quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock worth $29,000 after purchasing an additional 815 shares during the last quarter. Carolina Wealth Advisors LLC acquired a new position in NU in the 3rd quarter valued at about $44,000. Toth Financial Advisory Corp purchased a new stake in shares of NU in the 3rd quarter valued at approximately $55,000. Finally, ORG Partners LLC acquired a new stake in shares of NU during the 2nd quarter worth approximately $54,000. 80.90% of the stock is owned by institutional investors and hedge funds.

About NU

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.