NU (NYSE:NU) Trading Down 0.4% – What’s Next?

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

Analyst Ratings Changes

A number of equities analysts have recently commented on NU shares. UBS Group cut NU from a “buy” rating to a “neutral” rating and set a $13.50 target price for the company. in a report on Friday, August 2nd. Barclays lifted their price objective on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Susquehanna reissued a “positive” rating and issued a $16.00 target price on shares of NU in a research note on Thursday, August 15th. Bank of America lifted their price target 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. Finally, JPMorgan Chase & Co. increased their price objective on shares of NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $15.21.

Get Our Latest Stock Report on NU

NU Stock Up 0.1 %

The company has a market cap of $72.59 billion, a P/E ratio of 49.13, a price-to-earnings-growth ratio of 0.68 and a beta of 1.13. 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 business’s fifty day moving average is $14.39 and its two-hundred day moving average is $13.07.

NU (NYSE:NUGet Free Report) last posted its quarterly earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.02. NU had a net margin of 15.11% and a return on equity of 27.00%. The firm had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the previous year, the firm posted $0.05 earnings per share. Equities analysts predict that Nu Holdings Ltd. will post 0.41 EPS for the current year.

Hedge Funds Weigh In On NU

A number of hedge funds and other institutional investors have recently made changes to their positions in NU. Massmutual Trust Co. FSB ADV lifted its stake in NU by 287.9% in the third quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock worth $26,000 after acquiring an additional 1,422 shares during the period. GAMMA Investing LLC raised its holdings in shares of NU by 56.2% in the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock valued at $29,000 after purchasing an additional 815 shares in the last quarter. Carolina Wealth Advisors LLC bought a new stake in shares of NU in the 3rd quarter valued at about $44,000. ORG Partners LLC bought a new position in shares of NU during the second quarter valued at approximately $54,000. Finally, Toth Financial Advisory Corp purchased a new position in NU during the third quarter valued at approximately $55,000. Institutional investors own 80.90% of the company’s stock.

NU Company Profile

(Get Free Report)

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.

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