NU (NYSE:NU) Trading Up 1.3% – Here’s Why

Nu Holdings Ltd. (NYSE:NU) shares traded up 1.3% on Wednesday . The stock traded as high as $10.41 and last traded at $10.37. 26,181,857 shares changed hands during mid-day trading, a decline of 23% from the average session volume of 33,975,875 shares. The stock had previously closed at $10.24.

Analyst Upgrades and Downgrades

NU has been the subject of a number of research analyst reports. Bank of America boosted their target price on NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research report on Thursday, September 12th. Citigroup lowered NU from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $14.60 to $11.00 in a research report on Monday, December 2nd. Susquehanna lifted their price target on shares of NU from $16.00 to $18.00 and gave the company a “positive” rating in a research report on Thursday, November 14th. The Goldman Sachs Group upped their price objective on shares of NU from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Finally, Itau BBA Securities lowered shares of NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $15.63.

NU Trading Up 1.3 %

The company has a market cap of $49.42 billion, a PE ratio of 28.81, a price-to-earnings-growth ratio of 0.59 and a beta of 0.99. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. The firm has a fifty day moving average of $13.48 and a two-hundred day moving average of $13.33.

Institutional Investors Weigh In On NU

Several institutional investors have recently made changes to their positions in the stock. LRI Investments LLC raised its stake in shares of NU by 3.1% during the 3rd quarter. LRI Investments LLC now owns 24,983 shares of the company’s stock valued at $341,000 after purchasing an additional 743 shares during the period. Coldstream Capital Management Inc. lifted its holdings in shares of NU by 3.1% in the third quarter. Coldstream Capital Management Inc. now owns 26,517 shares of the company’s stock worth $362,000 after buying an additional 801 shares in the last quarter. Marcum Wealth LLC grew its stake in NU by 2.5% during the third quarter. Marcum Wealth LLC now owns 37,221 shares of the company’s stock valued at $508,000 after acquiring an additional 903 shares in the last quarter. Americana Partners LLC boosted its holdings in NU by 7.8% in the 2nd quarter. Americana Partners LLC now owns 15,449 shares of the company’s stock valued at $199,000 after purchasing an additional 1,115 shares during the period. Finally, OneDigital Investment Advisors LLC raised its position in shares of NU by 4.9% in the third quarter. OneDigital Investment Advisors LLC now owns 26,477 shares of the company’s stock worth $361,000 after buying an additional 1,248 shares in the last quarter. Hedge funds and other institutional investors own 84.02% 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.