NU (NYSE:NU) Stock Price Up 1.1% – Time to Buy?

Nu Holdings Ltd. (NYSE:NU)’s stock price rose 1.1% during mid-day trading on Tuesday . The company traded as high as $14.51 and last traded at $14.39. Approximately 8,064,941 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 32,743,229 shares. The stock had previously closed at $14.23.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. The Goldman Sachs Group lifted their price target on shares of NU from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. KeyCorp lifted 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 Thursday, November 14th. Itau BBA Securities lowered NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. Susquehanna lifted their price objective on NU from $16.00 to $18.00 and gave the company a “positive” rating in a research report on Thursday, November 14th. Finally, UBS Group lowered 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. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $16.21.

NU Stock Down 2.0 %

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 firm has a market cap of $66.48 billion, a PE ratio of 39.97, a PEG ratio of 0.63 and a beta of 1.13. The stock has a fifty day moving average price of $14.40 and a 200-day moving average price of $13.32.

Hedge Funds Weigh In On NU

Hedge funds have recently made changes to their positions in the business. State Street Corp lifted its stake in shares of NU by 105.9% during the third quarter. State Street Corp now owns 78,865,138 shares of the company’s stock worth $1,076,509,000 after purchasing an additional 40,560,986 shares in the last quarter. Baillie Gifford & Co. boosted its holdings in NU by 13.0% in the 3rd quarter. Baillie Gifford & Co. now owns 210,103,451 shares of the company’s stock worth $2,867,912,000 after acquiring an additional 24,140,416 shares during the period. Geode Capital Management LLC grew its position in NU by 104.3% in the third quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company’s stock valued at $442,935,000 after acquiring an additional 16,638,397 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake 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 valued at $193,111,000 after purchasing an additional 11,613,191 shares during the period. Finally, FMR LLC increased its stake in NU by 16.4% during the 3rd quarter. FMR LLC now owns 61,801,891 shares of the company’s stock worth $843,596,000 after buying an additional 8,728,833 shares during the period. Hedge funds and other 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.