NU (NYSE:NU) Shares Gap Down – Time to Sell?

Nu Holdings Ltd. (NYSE:NU)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $15.64, but opened at $14.31. NU shares last traded at $14.13, with a volume of 14,357,606 shares traded.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NU. Barclays increased their price objective on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. UBS Group cut NU from a “buy” rating to a “neutral” rating and set a $13.50 price objective for the company. in a research note on Friday, August 2nd. JPMorgan Chase & Co. upped 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. Susquehanna lifted their price target on shares of NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research note on Thursday. Finally, Bank of America increased their price objective on shares of NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research report on Thursday, September 12th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, NU presently has an average rating of “Moderate Buy” and an average target price of $16.21.

NU Trading Down 7.5 %

The company has a market cap of $66.99 billion, a price-to-earnings ratio of 39.04, a PEG ratio of 0.71 and a beta of 1.13. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.25. The business’s fifty day simple moving average is $14.48 and its two-hundred day simple moving average is $13.21.

NU (NYSE:NU) last announced its quarterly earnings results on Tuesday, August 13th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.10 by $0.02. The firm had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.90 billion. NU had a net margin of 16.28% and a return on equity of 29.70%. During the same period last year, the business earned $0.05 EPS. On average, equities analysts predict that Nu Holdings Ltd. will post 0.41 EPS for the current year.

Institutional Investors Weigh In On NU

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. M&T Bank Corp raised its holdings in shares of NU by 4.2% in the third quarter. M&T Bank Corp now owns 417,467 shares of the company’s stock valued at $5,698,000 after buying an additional 16,812 shares during the last quarter. Adalta Capital Management LLC lifted its position in NU by 11.7% during the 3rd quarter. Adalta Capital Management LLC now owns 83,550 shares of the company’s stock worth $1,140,000 after acquiring an additional 8,725 shares during the period. Barclays PLC grew its stake in shares of NU by 55.7% in the 3rd quarter. Barclays PLC now owns 1,005,022 shares of the company’s stock valued at $13,718,000 after purchasing an additional 359,733 shares during the last quarter. LRI Investments LLC grew its stake in shares of NU by 3.1% in 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 last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of NU during the third quarter worth approximately $69,022,000. Hedge funds and other institutional investors 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.