NU (NYSE:NU) Stock Price Up 1.5% – Still a Buy?

Shares of Nu Holdings Ltd. (NYSE:NU) shot up 1.5% on Tuesday . The stock traded as high as $10.41 and last traded at $10.39. 11,684,868 shares were traded during trading, a decline of 66% from the average session volume of 33,912,348 shares. The stock had previously closed at $10.24.

Analyst Upgrades and Downgrades

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

NU Price Performance

The company has a 50-day moving average of $13.56 and a 200 day moving average of $13.34. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $49.42 billion, a PE ratio of 28.81, a PEG ratio of 0.59 and a beta of 0.99.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of NU. LRI Investments LLC increased its position in NU by 3.1% during the third quarter. LRI Investments LLC now owns 24,983 shares of the company’s stock worth $341,000 after purchasing an additional 743 shares during the last quarter. Coldstream Capital Management Inc. raised its position in shares of NU by 3.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 26,517 shares of the company’s stock valued at $362,000 after buying an additional 801 shares during the period. Marcum Wealth LLC grew its position in NU by 2.5% in the third quarter. Marcum Wealth LLC now owns 37,221 shares of the company’s stock worth $508,000 after acquiring an additional 903 shares during the period. Americana Partners LLC increased its stake in NU by 7.8% during the second quarter. Americana Partners LLC now owns 15,449 shares of the company’s stock worth $199,000 after acquiring an additional 1,115 shares during the last quarter. Finally, OneDigital Investment Advisors LLC raised its position in NU by 4.9% in the third quarter. OneDigital Investment Advisors LLC now owns 26,477 shares of the company’s stock valued at $361,000 after purchasing an additional 1,248 shares during the period. 84.02% of the stock is owned by hedge funds and other institutional investors.

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.