NU (NYSE:NU) Stock Price Down 0.4% – Time to Sell?

Nu Holdings Ltd. (NYSE:NU) traded down 0.4% during mid-day trading on Friday . The company traded as low as $15.08 and last traded at $15.16. 6,139,878 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 31,799,578 shares. The stock had previously closed at $15.22.

Wall Street Analysts Forecast Growth

Several research firms have commented on NU. Susquehanna restated a “positive” rating and set a $16.00 price objective on shares of NU in a report on Thursday, August 15th. Barclays increased 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. Bank of America lifted their price objective on shares of NU from $12.80 to $15.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. The Goldman Sachs Group boosted their price target on NU from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Finally, UBS Group downgraded NU from a “buy” rating to a “neutral” rating and set a $13.50 price objective on the stock. in a research report on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $15.21.

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 moving average is $14.38 and its 200-day moving average is $13.02. The company has a market cap of $72.59 billion, a PE ratio of 48.90, a PEG ratio of 0.65 and a beta of 1.13.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Segall Bryant & Hamill LLC purchased a new position in shares of NU during the 3rd quarter worth $446,000. Avior Wealth Management LLC increased its position in shares of NU by 51.8% during the third quarter. Avior Wealth Management LLC now owns 9,985 shares of the company’s stock valued at $136,000 after acquiring an additional 3,409 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of NU by 7.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 191,642 shares of the company’s stock worth $2,616,000 after acquiring an additional 13,653 shares during the last quarter. Princeton Capital Management LLC purchased a new position in shares of NU during the 3rd quarter worth approximately $194,000. Finally, Caprock Group LLC increased its holdings in NU by 27.0% in the 3rd quarter. Caprock Group LLC now owns 14,815 shares of the company’s stock valued at $202,000 after purchasing an additional 3,152 shares during the last quarter. 80.90% of the stock is currently owned by institutional investors and hedge funds.

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.