Traders Purchase High Volume of Call Options on NU (NYSE:NU)

Nu Holdings Ltd. (NYSE:NU) saw some unusual options trading activity on Friday. Traders purchased 120,565 call options on the company. This represents an increase of approximately 76% compared to the typical volume of 68,679 call options.

NU Price Performance

Shares of NU stock opened at $11.75 on Friday. NU has a 12-month low of $9.67 and a 12-month high of $16.15. The firm has a market capitalization of $55.98 billion, a price-to-earnings ratio of 29.36, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. 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 firm has a fifty day moving average of $12.00 and a 200-day moving average of $12.98.

NU (NYSE:NU) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.12. NU had a net margin of 17.12% and a return on equity of 30.99%. The company had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.17 billion. On average, equities research analysts forecast that NU will post 0.58 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on NU shares. JPMorgan Chase & Co. cut their target price on shares of NU from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Monday, February 24th. Barclays lowered their target price on shares of NU from $17.00 to $15.00 and set an “overweight” rating for the company in a report on Monday, February 24th. UBS Group lowered their target price on shares of NU from $15.50 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, February 18th. Finally, Citigroup lowered shares of NU from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $14.60 to $11.00 in a report on Monday, December 2nd. 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 stock. According to data from MarketBeat, NU has an average rating of “Hold” and a consensus target price of $15.47.

Institutional Investors Weigh In On NU

Several institutional investors have recently added to or reduced their stakes in NU. Piscataqua Savings Bank lifted its position in NU by 500.0% in the 4th quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock valued at $31,000 after acquiring an additional 2,500 shares in the last quarter. Orion Capital Management LLC bought a new stake in NU during the 4th quarter worth about $50,000. TD Waterhouse Canada Inc. lifted its position in NU by 190.8% during the 4th quarter. TD Waterhouse Canada Inc. now owns 4,900 shares of the company’s stock worth $51,000 after buying an additional 3,215 shares in the last quarter. Campbell Capital Management Inc. bought a new stake in NU during the 4th quarter worth about $52,000. Finally, Cliffwater LLC bought a new stake in NU during the 4th quarter worth about $57,000. 84.02% of the stock is owned by institutional investors.

NU Company Profile

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.