NU (NYSE:NU) Stock Price Down 1.6% – Time to Sell?

Nu Holdings Ltd. (NYSE:NU)’s stock price was down 1.6% during mid-day trading on Thursday . The company traded as low as $15.22 and last traded at $15.48. Approximately 4,610,958 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 31,950,443 shares. The stock had previously closed at $15.73.

Analyst Ratings Changes

A number of equities analysts have weighed in on NU shares. UBS Group lowered NU from a “buy” rating to a “neutral” rating and set a $13.50 price objective on the stock. in a research note on Friday, August 2nd. JPMorgan Chase & Co. boosted their price objective on NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. Susquehanna reissued a “positive” rating and set a $16.00 price objective on shares of NU in a research note on Thursday, August 15th. The Goldman Sachs Group boosted their price objective on NU from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Finally, Bank of America boosted their price objective on NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.21.

NU Price Performance

The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The stock has a market cap of $72.44 billion, a PE ratio of 49.94, a P/E/G ratio of 0.68 and a beta of 1.15. The company has a fifty day moving average of $14.34 and a 200-day moving average of $12.87.

NU (NYSE:NU) last posted its quarterly earnings data on Tuesday, August 13th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.02. The firm had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.90 billion. NU had a return on equity of 27.00% and a net margin of 15.11%. During the same quarter in the previous year, the business earned $0.05 EPS. Sell-side analysts expect that Nu Holdings Ltd. will post 0.41 EPS for the current fiscal year.

Institutional Investors Weigh In On NU

Several institutional investors and hedge funds have recently modified their holdings of the company. Massmutual Trust Co. FSB ADV grew its stake in NU by 287.9% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock worth $26,000 after purchasing an additional 1,422 shares in the last quarter. GAMMA Investing LLC grew its stake in NU by 56.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock worth $29,000 after purchasing an additional 815 shares in the last quarter. Carolina Wealth Advisors LLC acquired a new position in NU during the 3rd quarter worth $44,000. Toth Financial Advisory Corp acquired a new position in NU during the 3rd quarter worth $55,000. Finally, ORG Partners LLC acquired a new position in NU during the 2nd quarter worth $54,000. 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.