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

by · The Cerbat Gem

Nu Holdings Ltd. (NYSE:NU – Get Free Report) was the target of unusually large options trading on Friday. Stock traders purchased 120,565 call options on the company. This is an increase of approximately 76% compared to the typical daily volume of 68,679 call options.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NU. JPMorgan Chase & Co. reduced their price target on NU from $15.00 to $14.00 and set a “neutral” rating on the stock in a research report on Monday, February 24th. Citigroup downgraded shares of NU from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $14.60 to $11.00 in a research note on Monday, December 2nd. The Goldman Sachs Group lifted their target price on shares of NU from $17.00 to $19.00 and gave the company a “buy” rating in a report on Thursday, November 14th. KeyCorp upped their target price on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Finally, UBS Group dropped their price objective on NU from $15.50 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, NU has a consensus rating of “Hold” and an average target price of $15.47.

View Our Latest Stock Report on NU

NU Stock Performance

Shares of NU stock traded up $1.00 during trading on Friday, reaching $11.75. The company’s stock had a trading volume of 53,706,216 shares, compared to its average volume of 35,876,080. The business’s 50-day moving average price is $11.99 and its 200-day moving average price is $13.00. The firm has a market cap of $55.98 billion, a PE ratio of 29.36, a P/E/G ratio of 0.48 and a beta of 1.14. NU has a 52 week low of $9.67 and a 52 week high of $16.15. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20.

NU (NYSE:NU – Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. The company had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $3.17 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. Equities analysts forecast that NU will post 0.58 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in NU. Principal Financial Group Inc. raised its holdings in shares of NU by 315.8% in the third quarter. Principal Financial Group Inc. now owns 1,153,464 shares of the company’s stock worth $15,745,000 after buying an additional 876,039 shares during the period. Assetmark Inc. increased its holdings in shares of NU by 46.5% during the 3rd quarter. Assetmark Inc. now owns 15,275 shares of the company’s stock valued at $209,000 after purchasing an additional 4,848 shares in the last quarter. Aptus Capital Advisors LLC lifted its position in shares of NU by 14.0% during the 3rd quarter. Aptus Capital Advisors LLC now owns 17,064 shares of the company’s stock valued at $233,000 after buying an additional 2,099 shares in the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of NU by 13.2% during the third quarter. Oppenheimer Asset Management Inc. now owns 23,089 shares of the company’s stock worth $315,000 after purchasing an additional 2,695 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its position in NU by 45.1% during the third quarter. Oppenheimer & Co. Inc. now owns 22,163 shares of the company’s stock worth $303,000 after buying an additional 6,891 shares in the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.

About NU

(Get Free Report)

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.

Featured Stories