NU (NYSE:NU) Trading Down 0.2% – What’s Next?

Nu Holdings Ltd. (NYSE:NU)’s stock price fell 0.2% during mid-day trading on Wednesday . The stock traded as low as $14.30 and last traded at $14.64. 8,485,604 shares were traded during mid-day trading, a decline of 73% from the average session volume of 31,858,875 shares. The stock had previously closed at $14.67.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NU. JPMorgan Chase & Co. increased their price target on NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. Barclays raised their target price on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Bank of America raised their target price on NU from $12.80 to $15.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. The Goldman Sachs Group raised their target price on NU from $15.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, July 11th. Finally, UBS Group lowered NU from a “buy” rating to a “neutral” rating and set a $13.50 target price on the stock. in a report on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $15.21.

NU Stock Up 2.5 %

The stock has a fifty day moving average of $14.35 and a 200 day moving average of $12.99. The firm has a market capitalization of $71.63 billion, a P/E ratio of 48.48, a price-to-earnings-growth ratio of 0.65 and a beta of 1.13. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.49 and a quick ratio of 0.49.

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

Institutional Trading of NU

Several hedge funds have recently made changes to their positions in NU. Massmutual Trust Co. FSB ADV grew its position in shares of 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 purchasing an additional 1,422 shares in the last quarter. GAMMA Investing LLC grew its position in shares of NU by 56.2% in the second quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock valued at $29,000 after purchasing an additional 815 shares in the last quarter. Carolina Wealth Advisors LLC purchased a new position in shares of NU in the third quarter valued at $44,000. ORG Partners LLC purchased a new position in shares of NU in the second quarter valued at $54,000. Finally, Toth Financial Advisory Corp purchased a new position in shares of NU in the third quarter valued at $55,000. 80.90% of the stock is currently owned by institutional investors.

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.