NU (NYSE:NU) Trading Down 0.4% – Here’s Why

Nu Holdings Ltd. (NYSE:NU)’s share price traded down 0.4% during mid-day trading on Friday . The stock traded as low as $15.08 and last traded at $15.16. 6,139,878 shares were traded during mid-day trading, a decline of 81% from the average session volume of 31,799,578 shares. The stock had previously closed at $15.22.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. UBS Group lowered shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 target price for the company. in a report on Friday, August 2nd. JPMorgan Chase & Co. upped their price target on shares of NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. Bank of America lifted their target price on shares of NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Susquehanna reiterated a “positive” rating and set a $16.00 price target on shares of NU in a report on Thursday, August 15th. Finally, The Goldman Sachs Group boosted their price objective on shares of NU from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, NU presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.21.

NU Stock Performance

The company has a market cap of $72.59 billion, a PE ratio of 48.90, a PEG ratio of 0.65 and a beta of 1.13. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.49 and a quick ratio of 0.49. The business has a 50-day moving average of $14.38 and a 200 day moving average of $13.02.

NU (NYSE:NU) last posted its quarterly earnings data on Tuesday, August 13th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. The company had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.90 billion. NU had a net margin of 15.11% and a return on equity of 27.00%. During the same quarter last year, the firm posted $0.05 earnings per share. Equities research analysts anticipate that Nu Holdings Ltd. will post 0.41 EPS for the current fiscal year.

Institutional Trading of NU

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Capital Research Global Investors lifted its position in shares of NU by 15.7% in the first quarter. Capital Research Global Investors now owns 202,618,338 shares of the company’s stock valued at $2,417,237,000 after acquiring an additional 27,420,994 shares in the last quarter. Baillie Gifford & Co. raised its holdings in shares of NU by 13.0% during the 3rd 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 in the last quarter. American Century Companies Inc. lifted its position in NU by 73.1% during the second quarter. American Century Companies Inc. now owns 17,237,693 shares of the company’s stock valued at $222,194,000 after purchasing an additional 7,279,458 shares during the last quarter. Swiss National Bank bought a new stake in NU during the third quarter worth approximately $91,860,000. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in NU by 83.9% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 13,839,210 shares of the company’s stock worth $188,905,000 after buying an additional 6,313,657 shares during the last quarter. Hedge funds and other institutional investors own 80.90% of the company’s stock.

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.