NU (NYSE:NU) Stock Price Up 0.3% – Should You Buy?

Nu Holdings Ltd. (NYSE:NU)’s stock price was up 0.3% on Friday . The company traded as high as $10.45 and last traded at $10.36. Approximately 9,263,066 shares traded hands during trading, a decline of 73% from the average daily volume of 33,760,535 shares. The stock had previously closed at $10.33.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on NU shares. Bank of America boosted their target price on shares of NU from $12.80 to $15.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. The Goldman Sachs Group boosted their price objective on NU from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Itau BBA Securities cut NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. Susquehanna boosted their price target on NU from $16.00 to $18.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. Finally, KeyCorp raised their price objective on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $15.63.

NU Price Performance

The stock has a market capitalization of $49.47 billion, a P/E ratio of 28.83, a price-to-earnings-growth ratio of 0.59 and a beta of 0.99. The business has a fifty day simple moving average of $13.65 and a 200 day simple moving average of $13.33. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20.

Institutional Investors Weigh In On NU

Several institutional investors have recently bought and sold shares of the stock. Massmutual Trust Co. FSB ADV boosted its holdings in NU by 287.9% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock worth $26,000 after acquiring an additional 1,422 shares during the last quarter. Carolina Wealth Advisors LLC purchased a new position in NU during the third quarter worth about $44,000. Toth Financial Advisory Corp bought a new stake in NU in the 3rd quarter worth about $55,000. GAMMA Investing LLC increased its stake in NU by 81.9% in the 3rd quarter. GAMMA Investing LLC now owns 4,119 shares of the company’s stock valued at $56,000 after buying an additional 1,855 shares during the last quarter. Finally, Huntington National Bank lifted its position in shares of NU by 86.3% during the 3rd quarter. Huntington National Bank now owns 4,601 shares of the company’s stock worth $63,000 after buying an additional 2,131 shares in the last quarter. Institutional investors own 84.02% 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.