NU (NYSE:NU) Trading Up 0.3% – Here’s Why

Nu Holdings Ltd. (NYSE:NU)’s share price rose 0.3% during mid-day trading on Friday . The stock traded as high as $10.45 and last traded at $10.36. Approximately 9,263,066 shares were traded during trading, a decline of 73% from the average daily volume of 33,760,535 shares. The stock had previously closed at $10.33.

Analysts Set New Price Targets

Several equities analysts recently weighed in on NU shares. Citigroup lowered shares of NU from a “neutral” rating to a “sell” rating and reduced their price target for the company from $14.60 to $11.00 in a research report on Monday, December 2nd. Itau BBA Securities lowered shares of NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. KeyCorp lifted their price target on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. The Goldman Sachs Group increased their price objective on NU from $17.00 to $19.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, Bank of America upped their price target on NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research report on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $15.63.

NU Stock Up 0.5 %

The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. The stock has a market capitalization of $49.47 billion, a P/E ratio of 28.83, a price-to-earnings-growth ratio of 0.59 and a beta of 0.99. The stock has a fifty day moving average price of $13.65 and a 200 day moving average price of $13.33.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Massmutual Trust Co. FSB ADV grew its stake in NU by 287.9% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock worth $26,000 after buying an additional 1,422 shares in the last quarter. Carolina Wealth Advisors LLC bought a new stake in shares of NU during the 3rd quarter worth $44,000. Toth Financial Advisory Corp purchased a new position in NU in the third quarter worth $55,000. GAMMA Investing LLC raised its position in NU by 81.9% during the third quarter. GAMMA Investing LLC now owns 4,119 shares of the company’s stock valued at $56,000 after purchasing an additional 1,855 shares in the last quarter. Finally, Huntington National Bank raised 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 purchasing an additional 2,131 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors.

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.