NU Sees Unusually High Options Volume (NYSE:NU)

Nu Holdings Ltd. (NYSE:NU) was the recipient of some unusual options trading activity on Wednesday. Stock investors acquired 96,740 call options on the company. This is an increase of 72% compared to the average daily volume of 56,124 call options.

NU Price Performance

NU traded up $0.34 during midday trading on Wednesday, reaching $17.16. 47,520,275 shares of the company’s stock were exchanged, compared to its average volume of 49,466,559. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.29. The business has a 50-day simple moving average of $17.15 and a two-hundred day simple moving average of $15.92. The firm has a market capitalization of $82.70 billion, a price-to-earnings ratio of 33.65, a price-to-earnings-growth ratio of 0.55 and a beta of 1.08. NU has a one year low of $9.01 and a one year high of $18.98.

Institutional Trading of NU

A number of large investors have recently bought and sold shares of the stock. XTX Topco Ltd lifted its holdings in shares of NU by 68.8% during the fourth quarter. XTX Topco Ltd now owns 310,574 shares of the company’s stock valued at $5,199,000 after acquiring an additional 126,540 shares during the period. Voloridge Investment Management LLC bought a new stake in shares of NU in the 4th quarter worth about $58,345,000. VestGen Advisors LLC increased its position in shares of NU by 429.1% during the 4th quarter. VestGen Advisors LLC now owns 303,458 shares of the company’s stock worth $5,080,000 after purchasing an additional 246,105 shares in the last quarter. Virtus Investment Advisers LLC bought a new position in NU during the 4th quarter valued at about $2,004,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in NU in the fourth quarter valued at about $328,000. 84.02% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of NU from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Thursday, November 20th. UBS Group boosted their price target on NU from $16.00 to $18.40 and gave the company a “neutral” rating in a research note on Thursday, December 4th. Santander raised NU from a “neutral” rating to an “outperform” rating in a report on Thursday, December 4th. Susquehanna lifted their price objective on NU from $19.00 to $22.00 and gave the stock a “positive” rating in a report on Tuesday, January 27th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $21.00 price objective on shares of NU in a research report on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, NU has a consensus rating of “Moderate Buy” and a consensus price target of $18.34.

About NU

Nu Holdings Ltd (NYSE: NU), commonly known by its consumer brand Nubank, is a Latin American financial technology company that provides digital banking and financial services through a mobile-first platform. The company’s core offerings include no-fee digital checking accounts, credit cards, personal loans, payments and transfers, and a range of savings and investment products. Nubank emphasizes a streamlined customer experience delivered via its smartphone app, combined with data-driven underwriting and automated customer service tools.

Founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nu grew rapidly by targeting underbanked and digitally savvy consumers in Latin America with low-fee, transparent products.