NU Sees Unusually Large Options Volume (NYSE:NU)

Nu Holdings Ltd. (NYSE:NUGet Free Report) was the target of some unusual options trading on Friday. Stock investors purchased 32,397 call options on the stock. This represents an increase of 36% compared to the average volume of 23,804 call options.

NU Stock Performance

Shares of NU stock traded up $0.17 during trading hours on Friday, reaching $9.50. The company had a trading volume of 29,541,729 shares, compared to its average volume of 32,422,668. NU has a one year low of $4.13 and a one year high of $9.50. The business has a fifty day simple moving average of $8.47 and a 200 day simple moving average of $7.92. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.31 and a quick ratio of 0.31. The firm has a market cap of $44.60 billion, a PE ratio of 118.63 and a beta of 0.93.

NU (NYSE:NUGet Free Report) last posted its quarterly earnings data on Tuesday, November 14th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.01. NU had a return on equity of 16.21% and a net margin of 5.26%. The company had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.06 billion. On average, analysts anticipate that NU will post 0.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NU

A number of large investors have recently modified their holdings of NU. Russell Investments Group Ltd. grew its position in shares of NU by 108.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,644,623 shares of the company’s stock valued at $12,976,000 after acquiring an additional 855,318 shares during the period. Capital Research Global Investors boosted its position in shares of NU by 15.4% in the 2nd quarter. Capital Research Global Investors now owns 125,291,570 shares of the company’s stock valued at $988,530,000 after purchasing an additional 16,737,962 shares during the period. Axiom Investors LLC DE acquired a new stake in shares of NU during the second quarter worth about $57,389,000. Temasek Holdings Private Ltd lifted its stake in shares of NU by 739.0% in the 2nd quarter. Temasek Holdings Private Ltd now owns 929,725 shares of the company’s stock worth $7,336,000 after acquiring an additional 818,915 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its position in NU by 46.3% in the third quarter. Robeco Institutional Asset Management B.V. now owns 16,201,381 shares of the company’s stock valued at $117,460,000 after purchasing an additional 5,129,796 shares during the period. Institutional investors own 53.73% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on NU shares. TheStreet lowered NU from a “b-” rating to a “c” rating in a research report on Friday, January 12th. Susquehanna raised their price objective on NU from $10.00 to $11.00 and gave the company a “positive” rating in a research report on Wednesday, November 15th. New Street Research lowered NU from a “buy” rating to a “neutral” rating and cut their price objective for the company from $8.25 to $8.10 in a research report on Thursday, October 5th. KeyCorp raised their target price on NU from $9.00 to $10.00 and gave the company an “overweight” rating in a report on Wednesday, October 18th. Finally, Redburn Atlantic began coverage on shares of NU in a research note on Wednesday, October 18th. They set an “overweight” rating and a $11.00 price objective on the stock. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $9.18.

Check Out Our Latest Analysis on NU

About NU

(Get Free Report)

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.

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