NU (NYSE:NU) Shares Down 1.6% – What’s Next?

Nu Holdings Ltd. (NYSE:NU) fell 1.6% during trading on Wednesday . The company traded as low as $13.60 and last traded at $13.71. 6,976,388 shares were traded during trading, a decline of 79% from the average session volume of 32,749,193 shares. The stock had previously closed at $13.94.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. 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. JPMorgan Chase & Co. boosted their price objective on 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 NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. Susquehanna upped their price target on NU from $16.00 to $18.00 and gave the company a “positive” rating in a research report on Thursday, November 14th. Finally, Itau BBA Securities lowered shares of NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, NU currently has a consensus rating of “Moderate Buy” and an average price target of $16.21.

NU Price Performance

The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $64.48 billion, a PE ratio of 37.58, a PEG ratio of 0.64 and a beta of 1.13. The business has a fifty day moving average price of $14.37 and a 200-day moving average price of $13.34.

Hedge Funds Weigh In On NU

Several institutional investors and hedge funds have recently made changes to their positions in the business. State Street Corp increased its stake in NU by 105.9% in the 3rd quarter. State Street Corp now owns 78,865,138 shares of the company’s stock worth $1,076,509,000 after purchasing an additional 40,560,986 shares during the period. Baillie Gifford & Co. grew its holdings in shares of NU by 13.0% in the third quarter. Baillie Gifford & Co. now owns 210,103,451 shares of the company’s stock worth $2,867,912,000 after purchasing an additional 24,140,416 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of NU by 104.3% in the third quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company’s stock worth $442,935,000 after buying an additional 16,638,397 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in NU by 458.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,147,349 shares of the company’s stock valued at $193,111,000 after buying an additional 11,613,191 shares during the period. Finally, FMR LLC grew its holdings in NU by 16.4% in the 3rd quarter. FMR LLC now owns 61,801,891 shares of the company’s stock worth $843,596,000 after acquiring an additional 8,728,833 shares during the last quarter. 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.