NU (NYSE:NU) Shares Up 0.3% – What’s Next?

Nu Holdings Ltd. (NYSE:NU)’s stock price was up 0.3% during mid-day trading on Thursday . The company traded as high as $10.40 and last traded at $10.40. Approximately 5,896,146 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 33,859,152 shares. The stock had previously closed at $10.37.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Susquehanna raised their price objective on shares of NU from $16.00 to $18.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. KeyCorp upped their price objective on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Bank of America upped their price objective on shares of NU from $12.80 to $15.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. Citigroup cut shares of NU from a “neutral” rating to a “sell” rating and dropped their price target for the company from $14.60 to $11.00 in a research note on Monday, December 2nd. Finally, The Goldman Sachs Group boosted 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, November 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $15.63.

NU Price Performance

The company has a market capitalization of $49.33 billion, a PE ratio of 28.75, a price-to-earnings-growth ratio of 0.59 and a beta of 0.99. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. The firm’s 50-day moving average is $13.41 and its 200-day moving average is $13.31.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Principal Financial Group Inc. lifted its stake in NU by 315.8% in 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 last quarter. Franklin Resources Inc. lifted 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 holdings in NU by 25.1% during the 3rd quarter. Tidal Investments LLC now owns 2,312,956 shares of the company’s stock valued at $31,572,000 after acquiring an additional 463,866 shares during the period. Blankinship & Foster LLC purchased a new position in NU in the 3rd quarter worth 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 hedge funds and other institutional investors.

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.