NU (NYSE:NU) Stock Price Down 0.1% – What’s Next?

Nu Holdings Ltd. (NYSE:NU) traded down 0.1% on Friday . The stock traded as low as $14.67 and last traded at $15.01. 3,845,372 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 32,051,904 shares. The stock had previously closed at $15.02.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Bank of America lifted their price target on NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research report on Thursday, September 12th. Susquehanna restated a “positive” rating and set a $16.00 target price on shares of NU in a research report on Thursday, August 15th. Barclays boosted their target price on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. The Goldman Sachs Group boosted their target price on NU from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Finally, JPMorgan Chase & Co. boosted their target price on NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $15.21.

NU Stock Performance

The company has a debt-to-equity ratio of 0.25, a current ratio of 0.49 and a quick ratio of 0.49. The company has a 50 day simple moving average of $14.25 and a 200-day simple moving average of $12.75. The stock has a market cap of $71.44 billion, a P/E ratio of 48.42, a price-to-earnings-growth ratio of 0.66 and a beta of 1.15.

NU (NYSE:NU) last issued its quarterly earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same quarter in the previous year, the company posted $0.05 earnings per share. On average, equities analysts expect that Nu Holdings Ltd. will post 0.41 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NU

A number of hedge funds and other institutional investors have recently modified their holdings of NU. Baillie Gifford & Co. lifted its stake in shares of NU by 47.6% in the 1st quarter. Baillie Gifford & Co. now owns 169,450,124 shares of the company’s stock valued at $2,021,540,000 after acquiring an additional 54,681,625 shares during the last quarter. Capital Research Global Investors lifted its stake in shares of NU by 15.7% in the 1st quarter. Capital Research Global Investors now owns 202,618,338 shares of the company’s stock valued at $2,417,237,000 after acquiring an additional 27,420,994 shares during the last quarter. Jennison Associates LLC lifted its stake in shares of NU by 32.4% in the 1st quarter. Jennison Associates LLC now owns 87,155,886 shares of the company’s stock valued at $1,039,770,000 after acquiring an additional 21,342,814 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of NU by 73.1% in the 2nd quarter. American Century Companies Inc. now owns 17,237,693 shares of the company’s stock valued at $222,194,000 after acquiring an additional 7,279,458 shares during the last quarter. Finally, 1832 Asset Management L.P. lifted its stake in shares of NU by 216.4% in the 1st quarter. 1832 Asset Management L.P. now owns 8,028,600 shares of the company’s stock valued at $95,781,000 after acquiring an additional 5,490,800 shares during the last quarter. Institutional investors own 80.90% 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.