NU (NYSE:NU) Stock Price Down 0.3% – Here’s What Happened

Nu Holdings Ltd. (NYSE:NU) was down 0.3% on Tuesday . The stock traded as low as $11.55 and last traded at $11.70. Approximately 13,586,023 shares were traded during mid-day trading, a decline of 59% from the average daily volume of 33,242,055 shares. The stock had previously closed at $11.74.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Itau BBA Securities cut shares of NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. The Goldman Sachs Group boosted their price target on shares of NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Susquehanna increased their price objective on NU from $16.00 to $18.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. Citigroup cut NU from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $14.60 to $11.00 in a research note on Monday, December 2nd. Finally, KeyCorp increased their price target on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. One research 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $15.63.

NU Stock Down 0.7 %

The firm has a 50-day moving average price of $13.78 and a two-hundred day moving average price of $13.36. 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 firm has a market cap of $49.23 billion, a price-to-earnings ratio of 28.69, a price-to-earnings-growth ratio of 0.59 and a beta of 0.99.

Hedge Funds Weigh In On NU

Several large investors have recently bought and sold shares of NU. Raymond James & Associates boosted its stake in NU by 19.9% during the 2nd quarter. Raymond James & Associates now owns 462,694 shares of the company’s stock worth $5,964,000 after purchasing an additional 76,880 shares during the period. LRI Investments LLC grew its holdings in shares of NU by 216.9% during the second quarter. LRI Investments LLC now owns 24,240 shares of the company’s stock worth $312,000 after buying an additional 16,591 shares during the last quarter. Baillie Gifford & Co. increased its position in NU by 9.7% in the 2nd quarter. Baillie Gifford & Co. now owns 185,963,035 shares of the company’s stock valued at $2,397,064,000 after acquiring an additional 16,512,911 shares during the period. Calamos Advisors LLC raised its stake in NU by 41.2% during the 2nd quarter. Calamos Advisors LLC now owns 204,290 shares of the company’s stock valued at $2,633,000 after acquiring an additional 59,620 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in NU by 33.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 5,832,111 shares of the company’s stock worth $75,176,000 after acquiring an additional 1,476,325 shares during the period. Institutional investors and hedge funds own 84.02% 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.