NU (NYSE:NU) Shares Down 0.9% – Should You Sell?

Nu Holdings Ltd. (NYSE:NU)’s stock price fell 0.9% during trading on Monday . The company traded as low as $11.55 and last traded at $11.83. 6,534,179 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 33,225,621 shares. The stock had previously closed at $11.94.

Analysts Set New Price Targets

Several equities analysts have issued reports on NU shares. KeyCorp boosted their target price on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Citigroup downgraded NU from a “neutral” rating to a “sell” rating and decreased their price target for the company from $14.60 to $11.00 in a research note on Monday, December 2nd. The Goldman Sachs Group increased 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. Itau BBA Securities lowered shares of NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. Finally, Susquehanna upped their price target on shares of NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, NU has an average rating of “Hold” and an average price target of $15.63.

NU Trading Down 0.3 %

The firm has a market cap of $55.76 billion, a PE ratio of 32.50, a PEG ratio of 0.59 and a beta of 0.99. 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 business has a 50-day moving average price of $13.84 and a two-hundred day moving average price of $13.38.

Hedge Funds Weigh In On NU

Hedge funds have recently added to or reduced their stakes in the business. Massmutual Trust Co. FSB ADV grew its position in shares of NU by 287.9% in the third quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock valued at $26,000 after purchasing an additional 1,422 shares during the last quarter. Carolina Wealth Advisors LLC purchased a new stake in NU in the 3rd quarter valued at approximately $44,000. Toth Financial Advisory Corp purchased a new stake in NU in the 3rd quarter valued at approximately $55,000. GAMMA Investing LLC grew its holdings in NU by 81.9% during the 3rd quarter. GAMMA Investing LLC now owns 4,119 shares of the company’s stock valued at $56,000 after buying an additional 1,855 shares during the last quarter. Finally, Huntington National Bank increased its position in NU by 86.3% during the third quarter. Huntington National Bank now owns 4,601 shares of the company’s stock worth $63,000 after buying an additional 2,131 shares in the last quarter. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

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.