NU (NYSE:NU) Trading 1.4% Higher – Should You Buy?

Nu Holdings Ltd. (NYSE:NU) shares traded up 1.4% during trading on Wednesday . The stock traded as high as $11.95 and last traded at $11.92. 5,342,318 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 33,292,000 shares. The stock had previously closed at $11.76.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. JPMorgan Chase & Co. boosted their target price on NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. Bank of America upped their price objective on NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Susquehanna upped their price objective on NU from $16.00 to $18.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. Barclays upped their price objective on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Finally, The Goldman Sachs Group upped their target price 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 research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $15.63.

NU Stock Performance

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 stock’s 50-day moving average is $13.97 and its 200 day moving average is $13.38. The firm has a market cap of $58.53 billion, a P/E ratio of 33.11, a PEG ratio of 0.58 and a beta of 0.99.

Hedge Funds Weigh In On NU

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Franklin Resources Inc. boosted its stake in NU by 5.7% in the 3rd quarter. Franklin Resources Inc. now owns 5,060,504 shares of the company’s stock worth $74,288,000 after purchasing an additional 271,903 shares during the period. Tidal Investments LLC boosted its stake in shares of NU by 25.1% during the 3rd quarter. Tidal Investments LLC now owns 2,312,956 shares of the company’s stock worth $31,572,000 after buying an additional 463,866 shares during the last quarter. Blankinship & Foster LLC acquired a new position in shares of NU during the 3rd quarter worth about $3,212,000. Wilmington Savings Fund Society FSB acquired a new position in shares of NU during the 3rd quarter worth about $148,000. Finally, Morse Asset Management Inc boosted its stake in shares of NU by 71.1% during the 3rd quarter. Morse Asset Management Inc now owns 58,786 shares of the company’s stock worth $802,000 after buying an additional 24,436 shares during the last quarter. 80.90% of the stock is owned by institutional investors and hedge funds.

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.