NU Sees Unusually High Options Volume (NYSE:NU)

Nu Holdings Ltd. (NYSE:NU) saw unusually large options trading activity on Wednesday. Stock traders purchased 96,740 call options on the company. This represents an increase of approximately 72% compared to the typical volume of 56,124 call options.

Institutional Trading of NU

Institutional investors and hedge funds have recently modified their holdings of the company. LOM Asset Management Ltd acquired a new position in NU during the 4th quarter worth $25,000. Caitong International Asset Management Co. Ltd increased its position in NU by 14,810.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,491 shares of the company’s stock worth $25,000 after buying an additional 1,481 shares during the period. Cornerstone Planning Group LLC lifted its holdings in shares of NU by 5,448.3% during the fourth quarter. Cornerstone Planning Group LLC now owns 1,609 shares of the company’s stock worth $27,000 after buying an additional 1,580 shares during the last quarter. Zions Bancorporation National Association UT bought a new stake in shares of NU in the fourth quarter valued at approximately $27,000. Finally, Jordan Park Group LLC grew its stake in shares of NU by 129.3% in the third quarter. Jordan Park Group LLC now owns 1,958,842 shares of the company’s stock worth $31,000 after acquiring an additional 1,104,421 shares during the last quarter. 84.02% of the stock is currently owned by institutional investors and hedge funds.

NU Stock Up 2.0%

Shares of NYSE NU traded up $0.34 during mid-day trading on Wednesday, reaching $17.16. 47,520,275 shares of the company traded hands, compared to its average volume of 49,466,559. The company’s fifty day moving average is $17.15 and its two-hundred day moving average is $15.92. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.56 and a current ratio of 0.56. NU has a fifty-two week low of $9.01 and a fifty-two week high of $18.98. The stock has a market cap of $82.70 billion, a PE ratio of 33.65, a price-to-earnings-growth ratio of 0.55 and a beta of 1.08.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Susquehanna upped their price target on shares of NU from $19.00 to $22.00 and gave the stock a “positive” rating in a research note on Tuesday, January 27th. UBS Group upped their target price on NU from $16.00 to $18.40 and gave the stock a “neutral” rating in a research report on Thursday, December 4th. Zacks Research raised NU from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 9th. JPMorgan Chase & Co. boosted their price target on NU from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Thursday, November 20th. Finally, KeyCorp increased their price objective on NU from $15.00 to $19.00 and gave the stock an “overweight” rating in a report on Friday, November 14th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, NU currently has a consensus rating of “Moderate Buy” and an average price target of $18.34.

NU Company Profile

Nu Holdings Ltd (NYSE: NU), commonly known by its consumer brand Nubank, is a Latin American financial technology company that provides digital banking and financial services through a mobile-first platform. The company’s core offerings include no-fee digital checking accounts, credit cards, personal loans, payments and transfers, and a range of savings and investment products. Nubank emphasizes a streamlined customer experience delivered via its smartphone app, combined with data-driven underwriting and automated customer service tools.

Founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nu grew rapidly by targeting underbanked and digitally savvy consumers in Latin America with low-fee, transparent products.