NU (NYSE:NU) Shares Down 1.7% – What’s Next?

Nu Holdings Ltd. (NYSE:NU)’s share price traded down 1.7% on Monday . The stock traded as low as $10.18 and last traded at $10.20. 7,773,367 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 33,900,473 shares. The stock had previously closed at $10.38.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on NU shares. Bank of America raised their price objective on NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Susquehanna raised their price target on NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th. KeyCorp boosted their price objective on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Itau BBA Securities cut shares of NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. Finally, The Goldman Sachs Group upped their price target on shares of NU from $17.00 to $19.00 and gave the company a “buy” rating in a report 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 company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $15.63.

NU Trading Up 1.3 %

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’s fifty day moving average is $13.48 and its two-hundred day moving average is $13.33. The firm has a market cap of $49.42 billion, a P/E ratio of 28.81, a PEG ratio of 0.59 and a beta of 0.99.

Institutional Investors Weigh In On NU

A number of large investors have recently modified their holdings of NU. Fisher Asset Management LLC purchased a new stake in NU in the third quarter worth about $98,704,000. Thrivent Financial for Lutherans boosted its position in shares of NU by 23.2% during the third quarter. Thrivent Financial for Lutherans now owns 257,648 shares of the company’s stock valued at $3,517,000 after purchasing an additional 48,445 shares in the last quarter. Adero Partners LLC grew its stake in NU by 5.7% in the third quarter. Adero Partners LLC now owns 4,819,355 shares of the company’s stock worth $65,784,000 after purchasing an additional 259,324 shares during the period. Summit Partners Public Asset Management LLC raised its holdings in NU by 20.0% in the third quarter. Summit Partners Public Asset Management LLC now owns 300,000 shares of the company’s stock worth $4,095,000 after purchasing an additional 50,000 shares in the last quarter. Finally, Royal London Asset Management Ltd. lifted its position in NU by 6.2% during the third quarter. Royal London Asset Management Ltd. now owns 1,305,453 shares of the company’s stock valued at $17,819,000 after buying an additional 76,009 shares during the period. Institutional investors own 84.02% of the company’s stock.

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.