NU (NYSE:NU) Shares Down 0.4% – What’s Next?

Nu Holdings Ltd. (NYSE:NU)’s share price was down 0.4% during mid-day trading on Tuesday . The stock traded as low as $13.32 and last traded at $13.60. Approximately 10,665,011 shares changed hands during mid-day trading, a decline of 67% from the average daily volume of 32,317,951 shares. The stock had previously closed at $13.65.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on NU shares. Susquehanna increased their price objective on shares of NU from $16.00 to $18.00 and gave the company a “positive” rating in a report on Thursday, November 14th. Itau BBA Securities downgraded shares of NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. 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 report on Thursday, November 14th. KeyCorp upped their price target on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Finally, JPMorgan Chase & Co. upped 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. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.21.

NU Trading Down 1.1 %

The company’s 50 day moving average price is $14.45 and its 200 day moving average price is $13.27. The company has a market cap of $63.46 billion, a price-to-earnings ratio of 36.99, a price-to-earnings-growth ratio of 0.60 and a beta of 1.13. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of NU. State Street Corp grew its stake in NU by 105.9% in the 3rd quarter. State Street Corp now owns 78,865,138 shares of the company’s stock valued at $1,076,509,000 after buying an additional 40,560,986 shares during the last quarter. Baillie Gifford & Co. grew its stake in 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 buying an additional 24,140,416 shares during the last quarter. Geode Capital Management LLC grew its stake in NU by 104.3% in the 3rd quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company’s stock valued at $442,935,000 after buying an additional 16,638,397 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in NU by 458.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,147,349 shares of the company’s stock valued at $193,111,000 after buying an additional 11,613,191 shares during the last quarter. Finally, FMR LLC grew its stake in NU by 16.4% in the 3rd quarter. FMR LLC now owns 61,801,891 shares of the company’s stock valued at $843,596,000 after buying an additional 8,728,833 shares during the last quarter. 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.