NU (NYSE:NU) Shares Down 5.3% – Here’s What Happened

Nu Holdings Ltd. (NYSE:NU) fell 5.3% on Friday . The stock traded as low as $14.35 and last traded at $14.39. 11,019,341 shares traded hands during trading, a decline of 66% from the average session volume of 32,153,910 shares. The stock had previously closed at $15.19.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on NU shares. KeyCorp lifted their target price on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday. JPMorgan Chase & Co. upped their price objective on NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. Bank of America boosted their price target on shares of NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. The Goldman Sachs Group increased their target price on NU from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Itau BBA Securities lowered NU from an “outperform” rating to a “market perform” rating in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $16.21.

NU Stock Performance

The stock’s 50 day simple moving average is $14.47 and its two-hundred day simple moving average is $13.19. 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 stock has a market cap of $67.20 billion, a P/E ratio of 39.97, a price-to-earnings-growth ratio of 0.71 and a beta of 1.13.

NU (NYSE:NU) last released its earnings results 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 firm had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.90 billion. NU had a return on equity of 29.70% and a net margin of 16.28%. During the same quarter in the prior year, the company earned $0.05 EPS. As a group, research analysts forecast that Nu Holdings Ltd. will post 0.41 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Massmutual Trust Co. FSB ADV increased its stake in NU by 287.9% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock valued at $26,000 after buying an additional 1,422 shares during the last quarter. GAMMA Investing LLC increased its position in shares of NU by 56.2% in the second quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock valued at $29,000 after acquiring an additional 815 shares during the last quarter. Carolina Wealth Advisors LLC bought a new stake in NU during the third quarter worth about $44,000. ORG Partners LLC bought a new stake in NU during the second quarter worth about $54,000. Finally, Toth Financial Advisory Corp acquired a new position in NU during the third quarter valued at approximately $55,000. Institutional investors and hedge funds own 80.90% of the company’s stock.

About NU

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.