NU (NYSE:NU) Shares Down 1.6% – Should You Sell?

Nu Holdings Ltd. (NYSE:NU)’s stock price dropped 1.6% during trading on Wednesday . The stock traded as low as $13.60 and last traded at $13.71. Approximately 6,976,388 shares were traded during trading, a decline of 79% from the average daily volume of 32,749,193 shares. The stock had previously closed at $13.94.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NU. Barclays boosted their price objective on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. JPMorgan Chase & Co. boosted their price objective 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. The Goldman Sachs Group upped their price target on shares of NU from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. UBS Group lowered shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 price target on the stock. in a research note on Friday, August 2nd. Finally, Susquehanna upped their price target on shares of NU from $16.00 to $18.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.21.

NU Stock Performance

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 company’s 50-day simple moving average is $14.35 and its 200-day simple moving average is $13.34. The stock has a market capitalization of $64.48 billion, a price-to-earnings ratio of 37.58, a PEG ratio of 0.66 and a beta of 1.13.

Institutional Investors Weigh In On NU

Several large investors have recently modified their holdings of the company. Franklin Resources Inc. increased its position in shares of NU by 5.7% during the third quarter. Franklin Resources Inc. now owns 5,060,504 shares of the company’s stock worth $74,288,000 after buying an additional 271,903 shares during the period. Tidal Investments LLC grew its holdings in NU by 25.1% in the third quarter. Tidal Investments LLC now owns 2,312,956 shares of the company’s stock worth $31,572,000 after purchasing an additional 463,866 shares during the period. Blankinship & Foster LLC acquired a new stake in NU in the third quarter worth $3,212,000. Wilmington Savings Fund Society FSB acquired a new stake in NU in the third quarter worth $148,000. Finally, Morse Asset Management Inc lifted its stake in shares of NU by 71.1% in the third quarter. Morse Asset Management Inc now owns 58,786 shares of the company’s stock valued at $802,000 after buying an additional 24,436 shares in the last quarter. 80.90% of the stock is currently owned by institutional investors and hedge funds.

NU Company Profile

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.