NU (NYSE:NU) Stock Price Up 2.7% – Still a Buy?

Nu Holdings Ltd. (NYSE:NU) shot up 2.7% during trading on Wednesday . The company traded as high as $12.02 and last traded at $11.98. 12,451,103 shares traded hands during trading, a decline of 63% from the average session volume of 33,245,773 shares. The stock had previously closed at $11.67.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Susquehanna boosted 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. Barclays upped their price target on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Citigroup lowered shares of NU from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $14.60 to $11.00 in a research note on Monday. Bank of America upped their price objective 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, JPMorgan Chase & Co. upped 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $15.63.

NU Price Performance

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 firm has a market cap of $57.19 billion, a P/E ratio of 33.28, a PEG ratio of 0.58 and a beta of 0.99. The company has a fifty day moving average price of $14.16 and a two-hundred day moving average price of $13.37.

Institutional Trading of NU

Institutional investors have recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV lifted its position in shares of NU by 287.9% during 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 during the last quarter. GAMMA Investing LLC lifted 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 worth $29,000 after buying an additional 815 shares during the last quarter. Carolina Wealth Advisors LLC acquired a new position in NU in the 3rd quarter worth about $44,000. ORG Partners LLC acquired a new position in NU in the 2nd quarter worth about $54,000. Finally, Toth Financial Advisory Corp acquired a new position in NU in the 3rd quarter worth about $55,000. 80.90% 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.