NU (NYSE:NU) Trading Up 0.1% – Should You Buy?

Nu Holdings Ltd. (NYSE:NU)’s stock price rose 0.1% on Thursday . The company traded as high as $10.70 and last traded at $10.41. Approximately 23,694,403 shares changed hands during mid-day trading, a decline of 30% from the average daily volume of 33,642,242 shares. The stock had previously closed at $10.40.

Analyst Upgrades and Downgrades

NU has been the subject of several recent analyst reports. Citigroup lowered NU from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $14.60 to $11.00 in a research note on Monday, December 2nd. Bank of America increased their target price on shares of NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Itau BBA Securities lowered shares of NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. KeyCorp lifted their target price 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. Finally, Susquehanna boosted their target price on NU from $16.00 to $18.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $15.63.

NU Stock Up 0.5 %

The firm has a 50 day moving average price of $13.65 and a 200-day moving average price of $13.33. The firm has a market cap of $49.47 billion, a price-to-earnings ratio of 28.83, a price-to-earnings-growth ratio of 0.59 and a beta of 0.99. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44.

Hedge Funds Weigh In On NU

A number of hedge funds and other institutional investors have recently bought and sold shares of NU. Principal Financial Group Inc. grew its stake in shares of NU by 315.8% during the third quarter. Principal Financial Group Inc. now owns 1,153,464 shares of the company’s stock worth $15,745,000 after purchasing an additional 876,039 shares during the period. Franklin Resources Inc. increased its stake in shares of NU by 5.7% in the 3rd quarter. Franklin Resources Inc. now owns 5,060,504 shares of the company’s stock valued at $74,288,000 after acquiring an additional 271,903 shares during the last quarter. Tidal Investments LLC boosted its stake in NU by 25.1% during the 3rd quarter. Tidal Investments LLC now owns 2,312,956 shares of the company’s stock worth $31,572,000 after acquiring an additional 463,866 shares during the last quarter. Blankinship & Foster LLC acquired a new position in NU during the third quarter valued at approximately $3,212,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in NU in the third quarter valued at approximately $148,000. 84.02% of the stock is owned by institutional investors.

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.