NU (NYSE:NU) Stock Price Up 0.3% – Here’s What Happened

Nu Holdings Ltd. (NYSE:NU)’s share price traded up 0.3% during trading on Thursday . The stock traded as high as $10.40 and last traded at $10.40. 5,896,146 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 33,859,152 shares. The stock had previously closed at $10.37.

Analyst Ratings Changes

Several analysts have issued reports on the company. Citigroup lowered NU from a “neutral” rating to a “sell” rating and lowered their target price for the company from $14.60 to $11.00 in a research note on Monday, December 2nd. Itau BBA Securities downgraded shares of NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. Bank of America raised their price objective on shares of NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. KeyCorp increased their target price on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Finally, Susquehanna increased their price objective on NU from $16.00 to $18.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, NU currently has a consensus rating of “Hold” and a consensus price target of $15.63.

NU Stock Performance

The company’s 50-day moving average is $13.25 and its two-hundred day moving average is $13.28. The company has a market capitalization of $49.23 billion, a P/E ratio of 28.69, a PEG ratio of 0.59 and a beta of 0.99. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20.

Institutional Trading of NU

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Massmutual Trust Co. FSB ADV raised its position in NU by 287.9% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock valued at $26,000 after purchasing an additional 1,422 shares in the last quarter. Carolina Wealth Advisors LLC purchased a new position in shares of NU during the 3rd quarter valued at about $44,000. Toth Financial Advisory Corp bought a new stake in NU in the 3rd quarter worth approximately $55,000. GAMMA Investing LLC boosted its stake in NU by 81.9% in the third quarter. GAMMA Investing LLC now owns 4,119 shares of the company’s stock worth $56,000 after buying an additional 1,855 shares in the last quarter. Finally, Huntington National Bank grew its position in NU by 86.3% during the third quarter. Huntington National Bank now owns 4,601 shares of the company’s stock valued at $63,000 after acquiring an additional 2,131 shares during the last quarter. Hedge funds and other institutional investors own 84.02% 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.