NU (NYSE:NU) Trading 1.4% Higher – Should You Buy?

Nu Holdings Ltd. (NYSE:NU)’s stock price was up 1.4% during mid-day trading on Wednesday . The stock traded as high as $11.95 and last traded at $11.92. Approximately 5,342,318 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 33,292,000 shares. The stock had previously closed at $11.76.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on NU shares. KeyCorp raised 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, November 14th. Bank of America increased their price target on shares of NU from $12.80 to $15.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. JPMorgan Chase & Co. increased their price target on shares of NU from $14.50 to $15.00 and gave the company a “neutral” rating in a report on Monday, August 19th. Itau BBA Securities cut shares of NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. Finally, Barclays increased their price target on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, August 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $15.63.

NU Trading Up 4.4 %

The company has a market cap of $58.53 billion, a price-to-earnings ratio of 33.11, a price-to-earnings-growth ratio of 0.58 and a beta of 0.99. The business’s fifty day moving average price is $13.97 and its 200 day moving average price is $13.38. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44.

Hedge Funds Weigh In On NU

A number of hedge funds have recently bought and sold shares of NU. State Street Corp raised its stake in NU by 105.9% during the third quarter. State Street Corp now owns 78,865,138 shares of the company’s stock worth $1,076,509,000 after buying an additional 40,560,986 shares during the last quarter. Baillie Gifford & Co. raised its stake in NU by 13.0% during the third quarter. Baillie Gifford & Co. now owns 210,103,451 shares of the company’s stock worth $2,867,912,000 after buying an additional 24,140,416 shares during the last quarter. Geode Capital Management LLC raised its stake in NU by 104.3% during the third quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company’s stock worth $442,935,000 after buying an additional 16,638,397 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in NU by 458.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,147,349 shares of the company’s stock worth $193,111,000 after buying an additional 11,613,191 shares during the last quarter. Finally, FMR LLC raised its stake in NU by 16.4% during the third quarter. FMR LLC now owns 61,801,891 shares of the company’s stock worth $843,596,000 after buying an additional 8,728,833 shares during the last quarter. Institutional investors 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.