NU (NYSE:NU) Trading Down 0.4% – What’s Next?

Shares of Nu Holdings Ltd. (NYSE:NU) were down 0.4% during trading on Tuesday . The stock traded as low as $13.32 and last traded at $13.60. Approximately 10,665,011 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 32,317,951 shares. The stock had previously closed at $13.65.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NU. JPMorgan Chase & Co. boosted their price objective on shares of NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. The Goldman Sachs Group boosted their price objective on shares of NU from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. UBS Group lowered shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 price objective on the stock. in a report on Friday, August 2nd. Bank of America upped their target price on shares of NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Finally, Susquehanna upped their target price on shares of NU from $16.00 to $18.00 and gave the company a “positive” rating in a research note 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. According to data from MarketBeat.com, NU currently has an average rating of “Moderate Buy” and an average price target of $16.21.

NU Trading Down 1.1 %

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 business’s 50-day moving average is $14.45 and its two-hundred day moving average is $13.27. The firm has a market cap of $63.46 billion, a P/E ratio of 36.99, a P/E/G ratio of 0.60 and a beta of 1.13.

Institutional Investors Weigh In On NU

A number of institutional investors have recently modified their holdings of the business. LRI Investments LLC grew its position in NU by 3.1% in the 3rd quarter. LRI Investments LLC now owns 24,983 shares of the company’s stock worth $341,000 after purchasing an additional 743 shares during the last quarter. Coldstream Capital Management Inc. grew its position in NU by 3.1% in the 3rd quarter. Coldstream Capital Management Inc. now owns 26,517 shares of the company’s stock worth $362,000 after purchasing an additional 801 shares during the last quarter. GAMMA Investing LLC grew its position in NU by 56.2% in 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 during the last quarter. Marcum Wealth LLC grew its position in NU by 2.5% in the 3rd quarter. Marcum Wealth LLC now owns 37,221 shares of the company’s stock worth $508,000 after purchasing an additional 903 shares during the last quarter. Finally, Fortis Capital Management LLC grew its position in NU by 6.6% in the 2nd quarter. Fortis Capital Management LLC now owns 17,330 shares of the company’s stock worth $223,000 after purchasing an additional 1,072 shares during the last quarter. Institutional investors own 80.90% of the company’s stock.

About NU

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.