NU (NYSE:NU) Shares Up 0.3% – Here’s What Happened

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

Wall Street Analysts Forecast Growth

NU has been the subject of several research analyst reports. Bank of America raised their price target on NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Susquehanna boosted their target price on NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. Itau BBA Securities lowered NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. The Goldman Sachs Group boosted their price objective on NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Finally, Citigroup cut shares of NU from a “neutral” rating to a “sell” rating and reduced their target price for the company from $14.60 to $11.00 in a report on Monday, December 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $15.63.

NU Price Performance

The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. The company’s 50 day simple moving average is $13.71 and its 200 day simple moving average is $13.34. The company has a market capitalization of $49.33 billion, a PE ratio of 28.75, a price-to-earnings-growth ratio of 0.59 and a beta of 0.99.

Hedge Funds Weigh In On NU

Several hedge funds have recently made changes to their positions in NU. Baillie Gifford & Co. grew its position in NU by 13.0% during the 3rd quarter. Baillie Gifford & Co. now owns 210,103,451 shares of the company’s stock worth $2,867,912,000 after purchasing an additional 24,140,416 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of NU by 7.1% during the third quarter. Jennison Associates LLC now owns 96,754,946 shares of the company’s stock worth $1,320,705,000 after buying an additional 6,435,526 shares during the period. State Street Corp grew its holdings in shares of 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. FMR LLC grew its stake in shares of NU by 16.4% in the 3rd quarter. FMR LLC now owns 61,801,891 shares of the company’s stock valued at $843,596,000 after purchasing an additional 8,728,833 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in NU by 104.3% in the 3rd quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company’s stock valued at $442,935,000 after buying an additional 16,638,397 shares during the period. Hedge funds and other 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.