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

Shares of Nu Holdings Ltd. (NYSE:NU) gapped down before the market opened on Friday . The stock had previously closed at $13.53, but opened at $12.71. NU shares last traded at $12.86, with a volume of 11,109,053 shares traded.

Analysts Set New Price Targets

NU has been the topic of several research reports. Susquehanna upped their target price on NU from $16.00 to $18.00 and gave the company a “positive” rating in a research report on Thursday, November 14th. KeyCorp upped their price objective on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. JPMorgan Chase & Co. lifted their target price on NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. UBS Group cut shares of 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 raised their price target on shares of NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, NU presently has an average rating of “Moderate Buy” and an average target price of $16.21.

NU Stock Performance

The stock has a 50 day moving average of $14.35 and a 200 day moving average 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 cap of $59.48 billion, a price-to-earnings ratio of 34.83, a P/E/G ratio of 0.66 and a beta of 1.13.

Institutional Trading of NU

Large investors have recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV lifted its stake in NU by 287.9% during the third 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 during the last quarter. GAMMA Investing LLC boosted its stake in NU by 56.2% in the second quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock valued at $29,000 after buying an additional 815 shares in the last quarter. Carolina Wealth Advisors LLC bought a new position in NU in the third quarter valued at about $44,000. ORG Partners LLC acquired a new position in NU during the second quarter worth about $54,000. Finally, Toth Financial Advisory Corp bought a new position in shares of NU in the third quarter worth about $55,000. Institutional investors and hedge funds own 80.90% of the company’s stock.

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.