NU (NYSE:NU) Trading Up 1.6% – What’s Next?

Nu Holdings Ltd. (NYSE:NU)’s share price rose 1.6% during mid-day trading on Thursday . The stock traded as high as $15.00 and last traded at $14.98. Approximately 3,430,238 shares were traded during trading, a decline of 89% from the average daily volume of 32,133,047 shares. The stock had previously closed at $14.75.

Analyst Ratings Changes

NU has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their target price 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. UBS Group cut NU from a “buy” rating to a “neutral” rating and set a $13.50 price objective on the stock. in a report on Friday, August 2nd. Bank of America raised their target price on NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. Barclays upped their price target on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Finally, The Goldman Sachs Group raised their price objective on NU from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $15.21.

NU Trading Up 1.4 %

The stock has a market cap of $71.25 billion, a price-to-earnings ratio of 57.62, a price-to-earnings-growth ratio of 0.67 and a beta of 1.15. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.49. The company has a 50 day moving average of $14.22 and a 200-day moving average of $12.74.

NU (NYSE:NU) last posted its quarterly earnings data on Tuesday, August 13th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. NU had a net margin of 15.11% and a return on equity of 27.00%. The business had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same quarter last year, the firm posted $0.05 earnings per share. On average, research analysts anticipate that Nu Holdings Ltd. will post 0.41 earnings per share for the current year.

Institutional Trading of NU

Several hedge funds have recently modified their holdings of the stock. Warther Private Wealth LLC increased its stake in shares of NU by 1.7% during the third quarter. Warther Private Wealth LLC now owns 857,344 shares of the company’s stock worth $11,703,000 after buying an additional 13,950 shares during the period. Schwartz Investment Counsel Inc. acquired a new stake in shares of NU in the 3rd quarter valued at $1,751,000. Assenagon Asset Management S.A. lifted its position in shares of NU by 222.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 7,202,188 shares of the company’s stock worth $98,310,000 after purchasing an additional 4,969,101 shares during the last quarter. IFM Investors Pty Ltd acquired a new position in shares of NU during the third quarter worth $1,379,000. Finally, Signaturefd LLC purchased a new position in NU in the third quarter valued at $158,000. 80.90% of the stock is currently owned by institutional investors and hedge funds.

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.