NU (NYSE:NU) Shares Up 0.6% – Here’s What Happened

Shares of Nu Holdings Ltd. (NYSE:NU) traded up 0.6% during trading on Tuesday . The company traded as high as $14.56 and last traded at $14.45. 3,320,002 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 31,903,068 shares. The stock had previously closed at $14.37.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NU. Bank of America raised their target price on shares of NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. Susquehanna reiterated a “positive” rating and set a $16.00 price target on shares of NU in a report on Thursday, August 15th. JPMorgan Chase & Co. raised their price objective on shares of NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Barclays 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 Friday, August 16th. Finally, 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 report on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.21.

NU Trading Up 1.6 %

The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.25. The business has a 50-day simple moving average of $14.35 and a 200-day simple moving average of $12.96. The company has a market cap of $69.58 billion, a PE ratio of 46.61, a price-to-earnings-growth ratio of 0.65 and a beta of 1.13.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of NU by 83.9% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 13,839,210 shares of the company’s stock worth $188,905,000 after buying an additional 6,313,657 shares during the period. Baillie Gifford & Co. increased its position in shares of NU by 13.0% in the 3rd quarter. Baillie Gifford & Co. now owns 210,103,451 shares of the company’s stock valued at $2,867,912,000 after purchasing an additional 24,140,416 shares during the last quarter. INCA Investments LLC increased its position in shares of NU by 27.9% in the 3rd quarter. INCA Investments LLC now owns 481,360 shares of the company’s stock valued at $6,571,000 after purchasing an additional 105,114 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in shares of NU by 79.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 24,605 shares of the company’s stock valued at $336,000 after purchasing an additional 10,884 shares in the last quarter. Finally, Legacy Capital Wealth Partners LLC purchased a new stake in shares of NU during the 3rd quarter worth $187,000. 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.