NU (NYSE:NU) Shares Up 1.5% – What’s Next?

Nu Holdings Ltd. (NYSE:NU)’s stock price shot up 1.5% during mid-day trading on Monday . The stock traded as high as $12.30 and last traded at $12.21. 7,195,833 shares were traded during trading, a decline of 78% from the average session volume of 33,296,523 shares. The stock had previously closed at $12.03.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Barclays boosted their price target on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. The Goldman Sachs Group boosted their price objective on NU from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Itau BBA Securities cut NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. Susquehanna boosted their price target on shares of NU from $16.00 to $18.00 and gave the company a “positive” rating in a report on Thursday, November 14th. Finally, Citigroup downgraded shares of NU from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $14.60 to $11.00 in a report on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $15.63.

NU Stock Performance

The firm has a fifty day simple moving average of $14.04 and a 200-day simple moving average of $13.38. The stock has a market cap of $57.76 billion, a price-to-earnings ratio of 33.92, a P/E/G ratio of 0.58 and a beta of 0.99. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20.

Institutional Trading of NU

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp increased its stake in shares of NU by 105.9% in the 3rd quarter. State Street Corp now owns 78,865,138 shares of the company’s stock valued at $1,076,509,000 after acquiring an additional 40,560,986 shares during the last quarter. Baillie Gifford & Co. raised its holdings in 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 period. Geode Capital Management LLC boosted its position in shares of NU by 104.3% during the third quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company’s stock worth $442,935,000 after purchasing an additional 16,638,397 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of NU by 458.3% in 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 in the last quarter. Finally, FMR LLC raised its stake in NU by 16.4% during the 3rd quarter. FMR LLC now owns 61,801,891 shares of the company’s stock worth $843,596,000 after buying an additional 8,728,833 shares during the period. 84.02% of the stock is owned by institutional investors.

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.