NU (NYSE:NU) Trading Down 0.7% – Here’s What Happened

Nu Holdings Ltd. (NYSE:NU) dropped 0.7% during trading on Wednesday . The stock traded as low as $15.69 and last traded at $15.73. Approximately 8,109,671 shares were traded during trading, a decline of 74% from the average daily volume of 31,782,705 shares. The stock had previously closed at $15.84.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Susquehanna boosted their target price on shares of NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research note on Thursday. Bank of America increased their target price on NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research report on Thursday, September 12th. JPMorgan Chase & Co. upped their price target on shares of NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. Barclays lifted their price target on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Finally, KeyCorp raised their target price on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $16.21.

NU Trading Down 2.9 %

The company has a debt-to-equity ratio of 0.25, a current ratio of 0.49 and a quick ratio of 0.49. The firm has a fifty day simple moving average of $14.47 and a 200-day simple moving average of $13.19. The firm has a market cap of $72.37 billion, a P/E ratio of 42.18, a price-to-earnings-growth ratio of 0.71 and a beta of 1.13.

NU (NYSE:NU) last posted its earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. NU had a net margin of 16.28% and a return on equity of 29.70%. The company had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same quarter in the prior year, the business posted $0.05 EPS. On average, equities research analysts expect that Nu Holdings Ltd. will post 0.41 earnings per share for the current year.

Institutional Trading of NU

A number of large investors have recently bought and sold shares of NU. Massmutual Trust Co. FSB ADV boosted its holdings in NU by 287.9% in the 3rd 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 period. GAMMA Investing LLC raised its stake 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 during the period. Carolina Wealth Advisors LLC purchased a new stake in NU during the 3rd quarter worth about $44,000. ORG Partners LLC bought a new position in NU in the 2nd quarter worth about $54,000. Finally, Toth Financial Advisory Corp purchased a new position in NU during the 3rd quarter valued at about $55,000. 80.90% of the stock is owned by hedge funds and other institutional investors.

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.