NU (NYSE:NU) Trading Up 0.5% – Time to Buy?

Nu Holdings Ltd. (NYSE:NU) was up 0.5% during mid-day trading on Thursday . The company traded as high as $13.47 and last traded at $13.39. Approximately 10,603,255 shares changed hands during trading, a decline of 67% from the average daily volume of 32,442,486 shares. The stock had previously closed at $13.32.

Analysts Set New Price Targets

A number of analysts have recently issued reports on NU shares. KeyCorp raised their price target on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. JPMorgan Chase & Co. lifted 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. Bank of America lifted their price objective on shares of NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. 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 lifted their price objective on shares of NU from $16.00 to $18.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, NU currently has an average rating of “Moderate Buy” and a consensus price target of $16.21.

NU Stock Performance

The company’s 50-day moving average price is $14.45 and its two-hundred day moving average price is $13.27. The company has a market cap of $64.24 billion, a P/E ratio of 37.19, a price-to-earnings-growth ratio of 0.60 and a beta of 1.13. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Morse Asset Management Inc grew 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. Advisory Resource Group acquired a new position in shares of NU in the third quarter worth approximately $979,000. Coldstream Capital Management Inc. lifted its stake in NU by 3.1% in the third quarter. Coldstream Capital Management Inc. now owns 26,517 shares of the company’s stock valued at $362,000 after buying an additional 801 shares during the period. Geode Capital Management LLC increased its holdings in NU by 104.3% during the 3rd quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company’s stock worth $442,935,000 after purchasing an additional 16,638,397 shares in the last quarter. Finally, M&T Bank Corp grew its stake in NU by 4.2% in the 3rd quarter. M&T Bank Corp now owns 417,467 shares of the company’s stock valued at $5,698,000 after purchasing an additional 16,812 shares during the period. 80.90% of the stock is owned by institutional investors.

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.