NU (NYSE:NU) Stock Price Down 1.7% – Should You Sell?

Shares of Nu Holdings Ltd. (NYSE:NU) fell 1.7% on Monday . The stock traded as low as $10.18 and last traded at $10.20. 7,773,367 shares changed hands during trading, a decline of 77% from the average session volume of 33,900,473 shares. The stock had previously closed at $10.38.

Analysts Set New Price Targets

Several brokerages have commented on NU. KeyCorp increased their price target on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Citigroup cut 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. 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 report on Thursday, November 14th. Itau BBA Securities downgraded NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. Finally, Bank of America raised their price target on NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, NU has a consensus rating of “Hold” and a consensus price target of $15.63.

NU Stock Down 1.3 %

The firm’s 50-day simple moving average is $13.65 and its 200 day simple moving average is $13.35. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. The company has a market capitalization of $48.80 billion, a PE ratio of 28.44, a price-to-earnings-growth ratio of 0.59 and a beta of 0.99.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Baillie Gifford & Co. boosted its holdings in shares of NU by 13.0% during the third quarter. Baillie Gifford & Co. now owns 210,103,451 shares of the company’s stock worth $2,867,912,000 after purchasing an additional 24,140,416 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of NU by 7.1% during the 3rd quarter. Jennison Associates LLC now owns 96,754,946 shares of the company’s stock valued at $1,320,705,000 after acquiring an additional 6,435,526 shares in the last quarter. State Street Corp lifted its stake in shares of NU by 105.9% during the third quarter. State Street Corp now owns 78,865,138 shares of the company’s stock worth $1,076,509,000 after purchasing an additional 40,560,986 shares in the last quarter. FMR LLC boosted its holdings in NU by 16.4% in the 3rd quarter. FMR LLC now owns 61,801,891 shares of the company’s stock worth $843,596,000 after acquiring an additional 8,728,833 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of NU by 104.3% during the third quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company’s stock valued at $442,935,000 after acquiring an additional 16,638,397 shares in the last quarter. 84.02% of the stock is owned by hedge funds and other 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.