NU (NYSE:NU) Trading Up 0.5% – Here’s What Happened

Nu Holdings Ltd. (NYSE:NU)’s share price was up 0.5% during trading on Thursday . The company traded as high as $13.47 and last traded at $13.39. Approximately 10,603,255 shares changed hands during mid-day trading, a decline of 67% from the average daily volume of 32,442,486 shares. The stock had previously closed at $13.32.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. The Goldman Sachs Group upped their price objective on shares of NU from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Bank of America lifted their price target on NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Itau BBA Securities lowered NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. Barclays boosted their target price on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Finally, KeyCorp upped their price objective on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $16.21.

NU Trading Up 1.2 %

The company has a market cap of $64.24 billion, a PE ratio of 37.19, a price-to-earnings-growth ratio of 0.60 and a beta of 1.13. The company has a 50-day moving average of $14.45 and a 200 day moving average of $13.27. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44.

Institutional Trading of NU

Hedge funds and other institutional investors have recently bought and sold shares of the business. Massmutual Trust Co. FSB ADV lifted its stake in NU by 287.9% in the third quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock worth $26,000 after acquiring an additional 1,422 shares during the period. GAMMA Investing LLC increased its holdings 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 in the last quarter. Carolina Wealth Advisors LLC acquired a new stake in shares of NU during the 3rd quarter valued at about $44,000. ORG Partners LLC acquired a new position in shares of NU during the 2nd quarter worth about $54,000. Finally, Toth Financial Advisory Corp purchased a new position in shares of NU in the third quarter valued at approximately $55,000. Hedge funds and other institutional investors own 80.90% of the company’s stock.

NU Company Profile

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.