NU (NYSE:NU) Trading Up 0.6% – Here’s What Happened

Nu Holdings Ltd. (NYSE:NU)’s stock price rose 0.6% on Wednesday . The company traded as high as $14.29 and last traded at $14.27. Approximately 5,096,173 shares traded hands during trading, a decline of 84% from the average daily volume of 32,595,781 shares. The stock had previously closed at $14.18.

Analyst Upgrades and Downgrades

NU has been the subject of several research reports. The Goldman Sachs Group increased their price objective on shares of NU from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Barclays raised their target price on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Jefferies Financial Group raised their target price on shares of NU from $10.80 to $15.20 and gave the stock a “buy” rating in a report on Monday, June 24th. UBS Group downgraded shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 target price on the stock. in a research report on Friday, August 2nd. Finally, Bank of America lifted their target price on shares of NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, NU currently has an average rating of “Moderate Buy” and an average price target of $14.74.

NU Stock Performance

The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.49. The firm’s 50 day simple moving average is $13.97 and its 200 day simple moving average is $12.64. The firm has a market capitalization of $66.96 billion, a price-to-earnings ratio of 54.88, a PEG ratio of 0.61 and a beta of 1.15.

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

Institutional Investors Weigh In On NU

Several institutional investors and hedge funds have recently added to or reduced their stakes in NU. Massmutual Trust Co. FSB ADV grew its holdings in shares of NU by 287.9% during the third 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. GAMMA Investing LLC boosted its position in shares of NU by 56.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock valued at $29,000 after acquiring an additional 815 shares during the last quarter. ORG Partners LLC acquired a new position in NU in the second quarter valued at about $54,000. Opal Wealth Advisors LLC acquired a new position in NU in the second quarter valued at about $88,000. Finally, LRI Investments LLC acquired a new position in NU in the first quarter valued at about $91,000. 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.