NU (NYSE:NU) Trading Down 1.1% – Here’s What Happened

Nu Holdings Ltd. (NYSE:NU) traded down 1.1% during trading on Monday . The stock traded as low as $13.65 and last traded at $13.76. 10,133,892 shares traded hands during trading, a decline of 69% from the average session volume of 32,481,006 shares. The stock had previously closed at $13.91.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Bank of America boosted their price target 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. KeyCorp increased their price target on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. lifted their price target on shares of NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. UBS Group cut NU from a “buy” rating to a “neutral” rating and set a $13.50 price objective on the stock. in a report on Friday, August 2nd. Finally, Barclays raised their target price on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, NU has a consensus rating of “Moderate Buy” and an average target price of $16.21.

NU Stock Performance

The firm has a 50-day moving average price of $14.37 and a 200 day moving average price of $13.34. 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 market capitalization of $64.48 billion, a PE ratio of 37.58, a price-to-earnings-growth ratio of 0.64 and a beta of 1.13.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Massmutual Trust Co. FSB ADV grew its stake in NU by 287.9% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock worth $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% during the second quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock worth $29,000 after buying an additional 815 shares in the last quarter. Carolina Wealth Advisors LLC purchased a new stake in shares of NU during the third quarter worth approximately $44,000. Toth Financial Advisory Corp acquired a new stake in NU in the third quarter valued at approximately $55,000. Finally, ORG Partners LLC purchased a new position in NU in the second quarter worth approximately $54,000. 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.