NU (NYSE:NU) Trading Down 2.7% – Here’s Why

by · The Cerbat Gem

Nu Holdings Ltd. (NYSE:NU – Get Free Report)’s stock price fell 2.7% during mid-day trading on Tuesday . The stock traded as low as $14.08 and last traded at $14.28. 9,320,432 shares were traded during mid-day trading, a decline of 71% from the average session volume of 32,660,320 shares. The stock had previously closed at $14.68.

Wall Street Analyst Weigh In

NU has been the topic of several research analyst reports. Susquehanna restated a “positive” rating and set a $16.00 target price on shares of NU in a research report on Thursday, August 15th. Barclays upped their target price on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. JPMorgan Chase & Co. increased 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. Bank of America boosted their price target on NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. Finally, The Goldman Sachs Group lifted their price objective on NU from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, NU currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.74.

Read Our Latest Analysis on NU

NU Trading Up 0.4 %

The firm has a market cap of $67.49 billion, a price-to-earnings ratio of 54.46, a price-to-earnings-growth ratio of 0.61 and a beta of 1.15. The business has a 50 day moving average of $14.03 and a 200 day moving average of $12.65. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.25.

NU (NYSE:NU – Get Free Report) last released its quarterly 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. NU had a net margin of 15.11% and a return on equity of 27.00%. The company had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same period last year, the company earned $0.05 EPS. On average, research analysts forecast that Nu Holdings Ltd. will post 0.41 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NU

Large investors have recently bought and sold shares of the stock. Public Investment Fund raised its position in shares of NU by 223.1% in the 2nd quarter. Public Investment Fund now owns 3,802,480 shares of the company’s stock worth $49,014,000 after buying an additional 2,625,500 shares during the period. Bleakley Financial Group LLC acquired a new position in shares of NU in the 1st quarter valued at about $152,000. Tokio Marine Asset Management Co. Ltd. acquired a new position in shares of NU in the 1st quarter valued at about $1,958,000. Handelsbanken Fonder AB grew its holdings in shares of NU by 1,774.8% during the 3rd quarter. Handelsbanken Fonder AB now owns 907,417 shares of the company’s stock worth $12,386,000 after purchasing an additional 859,017 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in NU in the second quarter valued at approximately $7,902,000. Hedge funds and other institutional investors own 80.90% of the company’s stock.

NU Company Profile

(Get Free Report)

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.

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