NU (NYSE:NU) Shares Down 3.3%

Nu Holdings Ltd. (NYSE:NU)’s stock price dropped 3.3% during trading on Wednesday . The stock traded as low as $14.27 and last traded at $14.35. Approximately 14,100,392 shares traded hands during trading, a decline of 58% from the average daily volume of 33,310,840 shares. The stock had previously closed at $14.84.

Analyst Ratings Changes

NU has been the subject of several recent research reports. UBS Group downgraded shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 target price for the company. in a research note on Friday, August 2nd. Susquehanna restated a “positive” rating and set a $16.00 price target on shares of NU in a research note on Thursday, August 15th. JPMorgan Chase & Co. boosted their price objective on shares of NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. Barclays raised their target price 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. Finally, Jefferies Financial Group increased their price objective on shares of NU from $10.80 to $15.20 and gave the company a “buy” rating in a research note on Monday, June 24th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $13.43.

NU Price Performance

The company has a 50-day moving average price of $13.13 and a two-hundred day moving average price of $12.09. The company has a market cap of $65.63 billion, a PE ratio of 52.96, a P/E/G ratio of 0.72 and a beta of 1.17. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.49 and a quick ratio of 0.49.

NU (NYSE:NU) last announced its 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 return on equity of 27.00% and a net margin of 15.11%. The company had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same period last year, the firm earned $0.05 earnings per share. Sell-side analysts expect that Nu Holdings Ltd. will post 0.4 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NU

Institutional investors have recently modified their holdings of the business. Bleakley Financial Group LLC bought a new stake in NU in the 1st quarter valued at about $152,000. Wasatch Advisors LP raised its stake in NU by 19.4% during the 4th quarter. Wasatch Advisors LP now owns 23,949,214 shares of the company’s stock valued at $199,497,000 after acquiring an additional 3,886,442 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. bought a new stake in shares of NU during the first quarter valued at about $1,958,000. Vaughan Nelson Investment Management L.P. raised its stake in shares of NU by 499.9% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 413,165 shares of the company’s stock valued at $5,326,000 after purchasing an additional 344,295 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of NU during the first quarter valued at $597,000. 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.