Traders Purchase Large Volume of Call Options on NU (NYSE:NU)

Nu Holdings Ltd. (NYSE:NUGet Free Report) was the target of some unusual options trading activity on Thursday. Stock traders acquired 100,904 call options on the stock. This represents an increase of approximately 65% compared to the typical volume of 61,189 call options.

NU Stock Down 1.1 %

Shares of NYSE NU traded down $0.15 during trading hours on Thursday, hitting $13.33. The company had a trading volume of 41,449,270 shares, compared to its average volume of 35,438,188. The stock has a market capitalization of $63.51 billion, a P/E ratio of 37.02, a price-to-earnings-growth ratio of 0.48 and a beta of 1.10. NU has a 1-year low of $9.67 and a 1-year high of $16.15. The firm’s 50 day moving average is $11.92 and its 200-day moving average is $13.23. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. The Goldman Sachs Group raised their price objective on NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Citigroup cut shares of NU from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $14.60 to $11.00 in a research note on Monday, December 2nd. UBS Group decreased their target price on shares of NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday. Itau BBA Securities downgraded NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. Finally, KeyCorp increased their target price on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, NU has a consensus rating of “Hold” and a consensus target price of $15.80.

View Our Latest Analysis on NU

Institutional Investors Weigh In On NU

A number of institutional investors and hedge funds have recently modified their holdings of NU. Cache Advisors LLC acquired a new stake in shares of NU during the 4th quarter worth about $4,578,000. JT Stratford LLC boosted its stake in NU by 1.2% in the 4th quarter. JT Stratford LLC now owns 177,546 shares of the company’s stock valued at $1,839,000 after purchasing an additional 2,085 shares during the period. Orion Capital Management LLC bought a new position in NU during the 4th quarter worth $50,000. Adalta Capital Management LLC lifted its holdings in shares of NU by 27.5% during the fourth quarter. Adalta Capital Management LLC now owns 106,500 shares of the company’s stock worth $1,103,000 after buying an additional 22,950 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC acquired a new position in shares of NU during the 4th quarter worth approximately $157,000. 84.02% of the stock is owned by institutional investors.

NU Company Profile

(Get Free Report)

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David VĂ©lez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.

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