NU (NYSE:NU) Trading 1.1% Higher – Still a Buy?

Shares of Nu Holdings Ltd. (NYSE:NU) shot up 1.1% during trading on Tuesday . The company traded as high as $14.51 and last traded at $14.39. 8,064,941 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 32,743,229 shares. The stock had previously closed at $14.23.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Itau BBA Securities downgraded shares of NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. UBS Group cut NU from a “buy” rating to a “neutral” rating and set a $13.50 target price for the company. in a report on Friday, August 2nd. Bank of America raised their price target on NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. JPMorgan Chase & Co. lifted their price objective on NU from $14.50 to $15.00 and gave the company a “neutral” rating in a report on Monday, August 19th. Finally, Susquehanna increased their target price on shares of NU from $16.00 to $18.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $16.21.

NU Price Performance

The firm has a market capitalization of $64.48 billion, a P/E ratio of 37.58, a P/E/G ratio of 0.64 and a beta of 1.13. The stock’s fifty day simple moving average is $14.37 and its 200 day simple moving average is $13.34. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44.

Institutional Investors Weigh In On NU

A number of hedge funds and other institutional investors have recently bought and sold shares of NU. Massmutual Trust Co. FSB ADV grew its holdings in NU by 287.9% in the third quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock worth $26,000 after purchasing an additional 1,422 shares during the last quarter. GAMMA Investing LLC grew its stake in 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 buying an additional 815 shares during the last quarter. Carolina Wealth Advisors LLC acquired a new position in NU during the 3rd quarter valued at about $44,000. Toth Financial Advisory Corp acquired a new stake in NU in the third quarter worth about $55,000. Finally, ORG Partners LLC purchased a new stake in shares of NU during the second quarter worth about $54,000. Hedge funds and other 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.