Investors Purchase Large Volume of Call Options on NU (NYSE:NU)

Nu Holdings Ltd. (NYSE:NU) was the target of some unusual options trading on Friday. Investors purchased 120,565 call options on the stock. This represents an increase of approximately 76% compared to the average daily volume of 68,679 call options.

NU Trading Up 9.3 %

Shares of NU traded up $1.00 during mid-day trading on Friday, reaching $11.75. The stock had a trading volume of 53,706,216 shares, compared to its average volume of 35,876,080. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. NU has a 52-week low of $9.67 and a 52-week high of $16.15. The business’s fifty day moving average is $11.99 and its 200 day moving average is $13.00. The firm has a market cap of $55.98 billion, a price-to-earnings ratio of 29.36, a P/E/G ratio of 0.48 and a beta of 1.14.

NU (NYSE:NU) last issued its 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. The business had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $3.17 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. On average, sell-side analysts predict that NU will post 0.58 EPS for the current fiscal year.

Institutional Trading of NU

Several large investors have recently bought and sold shares of the company. Baillie Gifford & Co. boosted its holdings in shares of NU by 7.1% during the fourth quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company’s stock worth $2,330,786,000 after purchasing an additional 14,875,891 shares during the last quarter. Jennison Associates LLC increased its holdings in shares of NU by 7.1% in the 3rd quarter. Jennison Associates LLC now owns 96,754,946 shares of the company’s stock valued at $1,320,705,000 after acquiring an additional 6,435,526 shares during the last quarter. State Street Corp boosted its holdings in shares of NU by 105.9% during the third quarter. State Street Corp now owns 78,865,138 shares of the company’s stock valued at $1,076,509,000 after acquiring an additional 40,560,986 shares during the period. FMR LLC increased its holdings in shares of NU by 16.4% during the third quarter. FMR LLC now owns 61,801,891 shares of the company’s stock valued at $843,596,000 after purchasing an additional 8,728,833 shares during the period. Finally, Norges Bank acquired a new stake in shares of NU in the fourth quarter valued at $447,762,000. Institutional investors and hedge funds own 84.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on NU shares. The Goldman Sachs Group raised their target price on shares of NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. cut their price target on shares of NU from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Monday, February 24th. Susquehanna upped their price target on shares of NU from $16.00 to $18.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. UBS Group decreased their price objective on shares of NU from $15.50 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. Finally, Barclays decreased their price objective on shares of NU from $17.00 to $15.00 and set an “overweight” rating for the company in a research note on Monday, February 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $15.47.

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.