Traders Purchase Large Volume of Call Options on NU (NYSE:NU)

by · The Cerbat Gem

Nu Holdings Ltd. (NYSE:NUGet Free Report) was the recipient of some unusual options trading activity on Tuesday. Stock traders purchased 87,066 call options on the stock. This represents an increase of approximately 62% compared to the average volume of 53,843 call options.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. The Goldman Sachs Group reiterated a “buy” rating and set a $21.00 price objective on shares of NU in a research report on Thursday, December 18th. Bank of America reiterated a “neutral” rating on shares of NU in a research report on Monday, March 9th. CICC Research assumed coverage on shares of NU in a research report on Tuesday. They set an “outperform” rating and a $18.00 price objective on the stock. Susquehanna boosted their price objective on shares of NU from $19.00 to $22.00 and gave the company a “positive” rating in a research report on Tuesday, January 27th. Finally, UBS Group raised shares of NU from a “neutral” rating to a “buy” rating and boosted their target price for the company from $17.20 to $17.60 in a research note on Thursday, March 19th. Thirteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $18.24.

Read Our Latest Analysis on NU

NU Trading Up 2.7%

Shares of NU traded up $0.41 during trading hours on Tuesday, reaching $15.36. 41,595,208 shares of the company traded hands, compared to its average volume of 49,190,184. The firm has a market cap of $74.01 billion, a price-to-earnings ratio of 26.48, a PEG ratio of 0.60 and a beta of 1.10. NU has a 12-month low of $10.55 and a 12-month high of $18.98. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.39. The stock’s fifty day moving average price is $15.28 and its 200 day moving average price is $16.05.

NU (NYSE:NUGet Free Report) last issued its earnings results on Wednesday, February 25th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. NU had a net margin of 18.19% and a return on equity of 30.68%. The firm had revenue of $4.86 billion during the quarter, compared to analyst estimates of $4.55 billion. Sell-side analysts forecast that NU will post 0.58 earnings per share for the current year.

Insider Activity

In other news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of NU stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $14.81, for a total transaction of $4,443,000.00. Following the sale, the chief executive officer owned 2,312,338 shares in the company, valued at $34,245,725.78. This trade represents a 11.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Institutional Trading of NU

Several hedge funds have recently modified their holdings of the company. Sowell Financial Services LLC raised its stake in NU by 4.8% in the 4th quarter. Sowell Financial Services LLC now owns 12,952 shares of the company’s stock worth $217,000 after acquiring an additional 599 shares during the last quarter. Parallel Advisors LLC raised its stake in NU by 3.7% in the 4th quarter. Parallel Advisors LLC now owns 16,820 shares of the company’s stock worth $282,000 after acquiring an additional 601 shares during the last quarter. MBM Wealth Consultants LLC raised its stake in NU by 1.2% in the 4th quarter. MBM Wealth Consultants LLC now owns 50,284 shares of the company’s stock worth $842,000 after acquiring an additional 607 shares during the last quarter. Cornerstone Wealth Group LLC raised its stake in NU by 1.2% in the 4th quarter. Cornerstone Wealth Group LLC now owns 51,724 shares of the company’s stock worth $866,000 after acquiring an additional 621 shares during the last quarter. Finally, Aptus Capital Advisors LLC raised its position in NU by 3.4% during the 4th quarter. Aptus Capital Advisors LLC now owns 19,008 shares of the company’s stock worth $318,000 after buying an additional 624 shares during the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting NU

Here are the key news stories impacting NU this week:

NU Company Profile

(Get Free Report)

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.

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