NU (NYSE:NU) Stock Price Down 0.4% – What’s Next?

Nu Holdings Ltd. (NYSE:NU)’s share price was down 0.4% during trading on Thursday . The stock traded as low as $12.10 and last traded at $12.21. Approximately 9,533,793 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 33,295,941 shares. The stock had previously closed at $12.26.

Wall Street Analyst Weigh In

NU has been the subject of a number of research analyst reports. Susquehanna increased their price target on NU from $16.00 to $18.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. Itau BBA Securities cut shares of NU from an “outperform” rating to a “market perform” rating in a research report 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 report on Thursday, September 12th. Barclays boosted their target price on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Finally, The Goldman Sachs Group raised their price target on NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, NU has an average rating of “Hold” and an average price target of $15.63.

NU Stock Performance

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 has a fifty day moving average of $13.90 and a 200-day moving average of $13.36. The stock has a market capitalization of $56.91 billion, a price-to-earnings ratio of 33.17, a PEG ratio of 0.61 and a beta of 0.99.

Hedge Funds Weigh In On NU

Hedge funds have recently bought and sold shares of the stock. Massmutual Trust Co. FSB ADV boosted its stake 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 acquiring an additional 1,422 shares during the last quarter. Carolina Wealth Advisors LLC purchased a new position in NU in the 3rd quarter valued at about $44,000. ORG Partners LLC acquired a new stake in shares of NU during the 2nd quarter worth about $54,000. Toth Financial Advisory Corp purchased a new stake in shares of NU during the third quarter worth about $55,000. Finally, GAMMA Investing LLC raised its position in shares of NU by 81.9% in the third quarter. GAMMA Investing LLC now owns 4,119 shares of the company’s stock valued at $56,000 after buying an additional 1,855 shares during the last quarter. Hedge funds and other institutional investors own 84.02% 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.