NU (NYSE:NU) Trading Down 0.1% – Should You Sell?

Nu Holdings Ltd. (NYSE:NU)’s stock price dropped 0.1% on Thursday . The company traded as low as $14.06 and last traded at $14.10. Approximately 3,426,183 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 32,527,264 shares. The stock had previously closed at $14.11.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NU. JPMorgan Chase & Co. lifted their target price on shares of NU from $14.50 to $15.00 and gave the company a “neutral” rating in a report on Monday, August 19th. Susquehanna restated a “positive” rating and set a $16.00 target price on shares of NU in a research note on Thursday, August 15th. Bank of America lifted their price target on shares of NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. The Goldman Sachs Group raised their target price on shares of NU from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Finally, UBS Group lowered shares of 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. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $14.74.

NU Stock Performance

The company has a market cap of $67.82 billion, a P/E ratio of 54.23, a PEG ratio of 0.61 and a beta of 1.15. The business’s 50 day simple moving average is $14.03 and its 200 day simple moving average is $12.65. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25.

NU (NYSE:NU) last issued its quarterly earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. The business had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.90 billion. NU had a return on equity of 27.00% and a net margin of 15.11%. During the same quarter in the prior year, the business posted $0.05 EPS. Sell-side analysts predict that Nu Holdings Ltd. will post 0.41 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Massmutual Trust Co. FSB ADV grew its position in shares of NU by 287.9% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock valued at $26,000 after purchasing an additional 1,422 shares in the last quarter. GAMMA Investing LLC increased its stake in NU by 56.2% in the 2nd 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 last quarter. ORG Partners LLC purchased a new stake in shares of NU during the 2nd quarter worth approximately $54,000. Opal Wealth Advisors LLC bought a new position in shares of NU during the 2nd quarter valued at approximately $88,000. Finally, LRI Investments LLC purchased a new position in shares of NU in the first quarter valued at $91,000. 80.90% of the stock is owned by hedge funds and other 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.