NU (NYSE:NU) Trading Down 0.7% – What’s Next?

Shares of Nu Holdings Ltd. (NYSE:NU) fell 0.7% during trading on Wednesday . The company traded as low as $15.69 and last traded at $15.73. 8,109,671 shares were traded during mid-day trading, a decline of 74% from the average session volume of 31,782,705 shares. The stock had previously closed at $15.84.

Analyst Ratings Changes

Several research analysts recently issued reports on NU shares. JPMorgan Chase & Co. upped their target price 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. Susquehanna increased their price objective on NU from $16.00 to $18.00 and gave the company a “positive” rating in a research report on Thursday. 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. KeyCorp increased their price target on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, The Goldman Sachs Group increased their target price on shares of NU from $17.00 to $19.00 and gave the company a “buy” rating in a report on Thursday. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $16.21.

NU Trading Down 2.9 %

The stock’s 50-day simple moving average is $14.47 and its two-hundred day simple moving average is $13.19. 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 firm has a market capitalization of $72.37 billion, a P/E ratio of 42.18, a price-to-earnings-growth ratio of 0.71 and a beta of 1.13.

NU (NYSE:NU) last posted its quarterly earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.02. NU had a return on equity of 29.70% and a net margin of 16.28%. The business had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the prior year, the company posted $0.05 EPS. Equities research analysts expect that Nu Holdings Ltd. will post 0.41 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Capital Research Global Investors grew its holdings in NU by 15.7% during 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 purchasing an additional 27,420,994 shares during the last quarter. Baillie Gifford & Co. grew its stake in shares of NU by 13.0% during the third quarter. Baillie Gifford & Co. now owns 210,103,451 shares of the company’s stock valued at $2,867,912,000 after buying an additional 24,140,416 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of NU by 458.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,147,349 shares of the company’s stock worth $193,111,000 after buying an additional 11,613,191 shares during the period. FMR LLC boosted its holdings in NU by 16.4% during the 3rd quarter. FMR LLC now owns 61,801,891 shares of the company’s stock valued at $843,596,000 after acquiring an additional 8,728,833 shares during the period. Finally, American Century Companies Inc. grew its position in 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. 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.