NU (NYSE:NU) Stock Price Down 0.4% – Here’s Why

Shares of Nu Holdings Ltd. (NYSE:NU) traded down 0.4% during trading on Tuesday . The company traded as low as $14.37 and last traded at $14.48. 2,287,113 shares traded hands during mid-day trading, a decline of 93% from the average session volume of 32,267,682 shares. The stock had previously closed at $14.54.

Analyst Upgrades and Downgrades

NU has been the subject of a number of analyst reports. Jefferies Financial Group boosted their price objective on NU from $10.80 to $15.20 and gave the company a “buy” rating in a research report on Monday, June 24th. The Goldman Sachs Group lifted their price objective on shares of NU from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Susquehanna restated a “positive” rating and set a $16.00 price target on shares of NU in a research report on Thursday, August 15th. UBS Group downgraded shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 price target on the stock. in a research report on Friday, August 2nd. Finally, Barclays boosted their price target on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Three equities research analysts have rated the stock with a hold rating and five have given 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 $15.21.

NU Trading Up 0.1 %

The company has a fifty day simple moving average of $14.16 and a 200-day simple moving average of $12.71. The stock has a market cap of $69.34 billion, a price-to-earnings ratio of 55.65, a P/E/G ratio of 0.67 and a beta of 1.15. 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 earnings results on Tuesday, August 13th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.10 by $0.02. The business had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.90 billion. NU had a return on equity of 27.00% and a net margin of 15.11%. During the same quarter last year, the firm posted $0.05 earnings per share. On average, research analysts forecast that Nu Holdings Ltd. will post 0.41 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NU

Institutional investors have recently modified their holdings of the stock. Signaturefd LLC acquired a new stake in NU in the 3rd quarter valued at approximately $158,000. Sequoia Financial Advisors LLC bought a new position in NU during the third quarter worth $172,000. Krane Funds Advisors LLC acquired a new position in NU during the 3rd quarter valued at $301,000. Whittier Trust Co. of Nevada Inc. grew its position in NU by 17.6% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 41,005 shares of the company’s stock worth $560,000 after purchasing an additional 6,140 shares during the last quarter. Finally, Whittier Trust Co. increased its holdings in shares of NU by 23.1% during the 3rd quarter. Whittier Trust Co. now owns 80,796 shares of the company’s stock worth $1,103,000 after purchasing an additional 15,178 shares during the period. Institutional investors and hedge funds 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.