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

Nu Holdings Ltd. (NYSE:NU)’s share price fell 0.2% during trading on Wednesday . The stock traded as low as $14.30 and last traded at $14.64. 8,485,604 shares changed hands during 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 Analyst Weigh In

Several research firms recently commented on NU. Barclays boosted their target price on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Bank of America boosted their target price on NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Susquehanna restated a “positive” rating and set a $16.00 target price on shares of NU in a research report on Thursday, August 15th. UBS Group cut NU from a “buy” rating to a “neutral” rating and set a $13.50 target price for the company. in a research report on Friday, August 2nd. Finally, The Goldman Sachs Group boosted their target price on NU from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $15.21.

NU Price Performance

The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The business has a fifty day moving average price of $14.35 and a 200-day moving average price of $12.99. The stock has a market capitalization of $71.63 billion, a PE ratio of 48.48, a PEG ratio of 0.65 and a beta of 1.13.

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

Institutional Investors Weigh In On NU

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Mount Lucas Management LP bought a new stake in shares of NU in the 3rd quarter valued at about $478,000. Natixis Advisors LLC raised its position in NU by 6.4% during the 3rd quarter. Natixis Advisors LLC now owns 1,509,561 shares of the company’s stock valued at $20,606,000 after purchasing an additional 90,253 shares during the last quarter. Empowered Funds LLC raised its position in NU by 10.1% during the 3rd quarter. Empowered Funds LLC now owns 184,437 shares of the company’s stock valued at $2,518,000 after purchasing an additional 16,937 shares during the last quarter. CIBC Asset Management Inc raised its position in NU by 47.2% during the 3rd quarter. CIBC Asset Management Inc now owns 147,810 shares of the company’s stock valued at $2,018,000 after purchasing an additional 47,417 shares during the last quarter. Finally, OneDigital Investment Advisors LLC raised its position in NU by 4.9% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 26,477 shares of the company’s stock valued at $361,000 after purchasing an additional 1,248 shares during the last quarter. 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.