NU Target of Unusually High Options Trading (NYSE:NU)

Nu Holdings Ltd. (NYSE:NU) was the target of some unusual options trading activity on Monday. Stock traders acquired 78,919 call options on the company. This is an increase of approximately 40% compared to the typical volume of 56,220 call options.

Hedge Funds Weigh In On NU

Large investors have recently bought and sold shares of the stock. Massmutual Trust Co. FSB ADV lifted its stake in NU by 287.9% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock valued at $26,000 after acquiring an additional 1,422 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of NU by 56.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock worth $29,000 after purchasing an additional 815 shares during the period. ORG Partners LLC bought a new stake in shares of NU during the 2nd quarter worth $54,000. Opal Wealth Advisors LLC bought a new stake in shares of NU during the 2nd quarter worth $88,000. Finally, LRI Investments LLC bought a new stake in shares of NU during the 1st quarter worth $91,000. 80.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NU. The Goldman Sachs Group increased their target price on shares of NU from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Susquehanna reaffirmed a “positive” rating and set a $16.00 price objective on shares of NU in a research report on Thursday, August 15th. Bank of America raised 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. UBS Group downgraded shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 price objective for the company. in a research report on Friday, August 2nd. Finally, Barclays raised their price objective on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, NU currently has an average rating of “Moderate Buy” and a consensus target price of $14.74.

NU Stock Up 7.1 %

NYSE NU traded up $0.97 during mid-day trading on Monday, hitting $14.68. The company’s stock had a trading volume of 35,060,781 shares, compared to its average volume of 32,785,027. The company’s 50 day simple moving average is $13.83 and its 200 day simple moving average is $12.60. NU has a twelve month low of $7.68 and a twelve month high of $15.16. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $69.96 billion, a price-to-earnings ratio of 56.23, a PEG ratio of 0.61 and a beta of 1.15.

NU (NYSE:NU) last posted its quarterly earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.02. NU had a net margin of 15.11% and a return on equity of 27.00%. The business had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter last year, the firm posted $0.05 EPS. Analysts anticipate that NU will post 0.41 earnings per share for the current year.

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.