NU (NYSE:NU) Shares Down 0.3% – Should You Sell?

Nu Holdings Ltd. (NYSE:NU)’s share price fell 0.3% during trading on Tuesday . The company traded as low as $11.55 and last traded at $11.70. 13,586,023 shares changed hands during mid-day trading, a decline of 59% from the average session volume of 33,242,055 shares. The stock had previously closed at $11.74.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on NU. Itau BBA Securities downgraded NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. Bank of America increased their price objective on shares of NU from $12.80 to $15.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. KeyCorp boosted their target price on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Susquehanna lifted their price objective on NU from $16.00 to $18.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. Finally, 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 report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $15.63.

NU Stock Performance

The firm has a fifty day moving average of $13.78 and a 200 day moving average of $13.36. The stock has a market cap of $49.23 billion, a price-to-earnings ratio of 28.69, a PEG ratio of 0.59 and a beta of 0.99. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44.

Institutional Investors Weigh In On NU

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV raised its holdings 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 period. Carolina Wealth Advisors LLC acquired a new stake in shares of NU during the third quarter valued at about $44,000. Toth Financial Advisory Corp purchased a new stake in shares of NU in the 3rd quarter valued at approximately $55,000. GAMMA Investing LLC boosted its position in shares of NU by 81.9% during the 3rd quarter. GAMMA Investing LLC now owns 4,119 shares of the company’s stock worth $56,000 after purchasing an additional 1,855 shares during the period. Finally, Huntington National Bank boosted 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 purchasing an additional 2,131 shares during the period. 84.02% of the stock is currently owned by institutional investors and hedge funds.

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.