NU (NYSE:NU) Stock Price Down 1% – What’s Next?

Nu Holdings Ltd. (NYSE:NU)’s stock price dropped 1% on Friday . The company traded as low as $10.20 and last traded at $10.26. Approximately 9,734,276 shares changed hands during trading, a decline of 71% from the average daily volume of 33,819,328 shares. The stock had previously closed at $10.36.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Bank of America boosted their price target on shares of NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research report on Thursday, September 12th. KeyCorp raised their price target on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Citigroup lowered NU from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $14.60 to $11.00 in a research note on Monday, December 2nd. Susquehanna lifted their target price on NU from $16.00 to $18.00 and gave the company a “positive” rating in a report on Thursday, November 14th. Finally, The Goldman Sachs Group raised their price objective on shares of NU from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $15.63.

NU Stock Down 1.0 %

The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. The stock has a 50-day simple moving average of $13.33 and a two-hundred day simple moving average of $13.29. The firm has a market cap of $48.90 billion, a PE ratio of 28.50, a P/E/G ratio of 0.59 and a beta of 0.99.

Institutional Investors Weigh In On NU

A number of institutional investors have recently made changes to their positions in the business. Massmutual Trust Co. FSB ADV raised its holdings in NU by 287.9% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock valued at $26,000 after buying an additional 1,422 shares during the last quarter. Carolina Wealth Advisors LLC bought a new stake in shares of NU in the third quarter worth about $44,000. Toth Financial Advisory Corp purchased a new position in NU during the 3rd quarter valued at about $55,000. GAMMA Investing LLC lifted its holdings in NU by 81.9% in the 3rd quarter. GAMMA Investing LLC now owns 4,119 shares of the company’s stock worth $56,000 after buying an additional 1,855 shares during the period. Finally, Huntington National Bank grew its position in shares of NU by 86.3% in the 3rd quarter. Huntington National Bank now owns 4,601 shares of the company’s stock worth $63,000 after buying an additional 2,131 shares during the last quarter. Hedge funds and other institutional investors own 84.02% of the company’s stock.

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.