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

Shares of Nu Holdings Ltd. (NYSE:NU) 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.

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:NU) 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

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.