NU (NYSE:NU) Trading Up 1.5% – Should You Buy?

Nu Holdings Ltd. (NYSE:NU)’s share price shot up 1.5% during mid-day trading on Monday . The company traded as high as $12.30 and last traded at $12.21. 7,195,833 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 33,296,523 shares. The stock had previously closed at $12.03.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Susquehanna boosted their target price on NU from $16.00 to $18.00 and gave the stock a “positive” 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 stock a “neutral” rating in a research report on Thursday, September 12th. The Goldman Sachs Group raised their target price on shares of NU from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. KeyCorp upped their price target on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Finally, Citigroup lowered NU from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $14.60 to $11.00 in a research report on Monday, December 2nd. One research 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’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $15.63.

NU Stock Performance

The firm has a market capitalization of $56.00 billion, a P/E ratio of 32.64, a price-to-earnings-growth ratio of 0.58 and a beta of 0.99. The company has a 50-day moving average of $13.97 and a 200-day moving average of $13.38. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20.

Institutional Investors Weigh In On NU

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Massmutual Trust Co. FSB ADV boosted its holdings in NU by 287.9% in the third quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock valued at $26,000 after acquiring an additional 1,422 shares during the last quarter. Carolina Wealth Advisors LLC acquired a new position in shares of NU in the 3rd quarter worth approximately $44,000. ORG Partners LLC bought a new stake in shares of NU in the 2nd quarter valued at $54,000. Toth Financial Advisory Corp acquired a new stake in shares of NU during the third quarter worth $55,000. Finally, GAMMA Investing LLC raised its stake in NU by 81.9% during the third quarter. GAMMA Investing LLC now owns 4,119 shares of the company’s stock worth $56,000 after buying an additional 1,855 shares during the last quarter. Institutional investors and hedge funds own 80.90% of the company’s stock.

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.