NU (NYSE:NU) Trading Up 0.3% – Here’s Why

Nu Holdings Ltd. (NYSE:NU)’s stock price was up 0.3% during mid-day trading on Friday . The stock traded as high as $12.00 and last traded at $12.00. Approximately 6,900,201 shares were traded during trading, a decline of 79% from the average daily volume of 33,295,891 shares. The stock had previously closed at $11.96.

Analyst Ratings Changes

A number of research firms have recently commented on NU. Itau BBA Securities downgraded NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. Barclays raised their price objective on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Citigroup cut shares of NU from a “neutral” rating to a “sell” rating and lowered their target price for the company from $14.60 to $11.00 in a report on Monday, December 2nd. JPMorgan Chase & Co. lifted their price target on shares of NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. Finally, KeyCorp upped their price objective on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $15.63.

NU Trading Up 0.6 %

The company has a 50 day simple moving average of $14.04 and a 200 day simple moving average of $13.36. The stock has a market capitalization of $57.33 billion, a PE ratio of 33.42, a P/E/G ratio of 0.58 and a beta of 0.99. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20.

Institutional Investors Weigh In On NU

Several large investors have recently modified their holdings of NU. LRI Investments LLC increased its stake in NU by 3.1% in the 3rd quarter. LRI Investments LLC now owns 24,983 shares of the company’s stock valued at $341,000 after buying an additional 743 shares during the period. Coldstream Capital Management Inc. increased its stake in shares of NU by 3.1% during the third quarter. Coldstream Capital Management Inc. now owns 26,517 shares of the company’s stock worth $362,000 after acquiring an additional 801 shares during the period. GAMMA Investing LLC increased its stake in shares of NU by 56.2% during the second quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock worth $29,000 after acquiring an additional 815 shares during the period. Marcum Wealth LLC raised its holdings in NU by 2.5% during the third quarter. Marcum Wealth LLC now owns 37,221 shares of the company’s stock worth $508,000 after purchasing an additional 903 shares in the last quarter. Finally, Fortis Capital Management LLC lifted its position in NU by 6.6% in the second quarter. Fortis Capital Management LLC now owns 17,330 shares of the company’s stock valued at $223,000 after purchasing an additional 1,072 shares during the period. Hedge funds and other 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.