NU (NYSE:NU) Trading 0.5% Higher – Here’s What Happened

Nu Holdings Ltd. (NYSE:NU)’s share price traded up 0.5% on Friday . The stock traded as high as $12.14 and last traded at $12.05. 6,473,198 shares traded hands during trading, a decline of 81% from the average session volume of 33,272,563 shares. The stock had previously closed at $11.99.

Analyst Upgrades and Downgrades

NU has been the subject of several research reports. Bank of America increased 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. KeyCorp boosted their target price on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Susquehanna boosted their price objective on shares of NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. lifted their target price on shares of NU from $14.50 to $15.00 and gave the company a “neutral” rating in a report on Monday, August 19th. Finally, Citigroup lowered NU from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $14.60 to $11.00 in a research report on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, NU has an average rating of “Hold” and an average target price of $15.63.

NU Stock Performance

The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. The company has a market capitalization of $57.33 billion, a P/E ratio of 33.47, a P/E/G ratio of 0.61 and a beta of 0.99. The business has a 50-day moving average of $13.93 and a 200-day moving average of $13.36.

Institutional Investors Weigh In On NU

Hedge funds and other institutional investors have recently modified their holdings of the business. State Street Corp raised its stake in shares of NU by 105.9% during the third quarter. State Street Corp now owns 78,865,138 shares of the company’s stock valued at $1,076,509,000 after acquiring an additional 40,560,986 shares in the last quarter. Baillie Gifford & Co. lifted its stake in NU by 13.0% in the third quarter. Baillie Gifford & Co. now owns 210,103,451 shares of the company’s stock worth $2,867,912,000 after acquiring an additional 24,140,416 shares during the period. Geode Capital Management LLC raised its position in shares of NU by 104.3% in the 3rd quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company’s stock worth $442,935,000 after acquiring an additional 16,638,397 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of NU by 458.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,147,349 shares of the company’s stock worth $193,111,000 after purchasing an additional 11,613,191 shares during the last quarter. Finally, FMR LLC grew its position in NU by 16.4% during the 3rd quarter. FMR LLC now owns 61,801,891 shares of the company’s stock worth $843,596,000 after purchasing an additional 8,728,833 shares during the period. 84.02% of the stock is currently owned by hedge funds and other 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.