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

Nu Holdings Ltd. (NYSE:NU) was the target of some unusual options trading activity on Thursday. Stock traders bought 202,281 call options on the stock. This represents an increase of approximately 428% compared to the typical volume of 38,337 call options.

Hedge Funds Weigh In On NU

A number of large investors have recently bought and sold shares of NU. GAMMA Investing LLC grew its position in shares of NU by 56.2% in 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. Stokes Family Office LLC raised its stake in NU by 10.0% in the first quarter. Stokes Family Office LLC now owns 11,000 shares of the company’s stock valued at $131,000 after buying an additional 1,000 shares during the last quarter. Yousif Capital Management LLC boosted its holdings in NU by 5.5% in the fourth quarter. Yousif Capital Management LLC now owns 24,192 shares of the company’s stock worth $202,000 after acquiring an additional 1,261 shares in the last quarter. Precision Wealth Strategies LLC grew its stake in shares of NU by 3.2% during the first quarter. Precision Wealth Strategies LLC now owns 41,497 shares of the company’s stock worth $495,000 after acquiring an additional 1,303 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in shares of NU by 10.1% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 14,550 shares of the company’s stock valued at $121,000 after acquiring an additional 1,330 shares in the last quarter. Institutional investors own 80.90% of the company’s stock.

NU Trading Up 1.2 %

Shares of NU stock traded up $0.16 on Friday, hitting $13.41. 23,089,409 shares of the company traded hands, compared to its average volume of 29,037,086. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.21. The company has a market cap of $63.91 billion, a PE ratio of 50.90, a PEG ratio of 0.62 and a beta of 1.14. The stock’s 50 day moving average price is $12.05 and its 200-day moving average price is $10.95. NU has a 52 week low of $6.61 and a 52 week high of $13.59.

NU (NYSE:NU) last released its quarterly earnings data on Tuesday, May 14th. The company reported $0.09 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.09. NU had a net margin of 13.86% and a return on equity of 22.94%. The company had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.58 billion. Equities research analysts predict that NU will post 0.41 EPS for the current year.

Analysts Set New Price Targets

NU has been the topic of several analyst reports. Jefferies Financial Group boosted their price objective on NU from $10.80 to $15.20 and gave the stock a “buy” rating in a research note on Monday, June 24th. KeyCorp increased their price target on NU from $12.00 to $13.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Barclays assumed coverage on NU in a research report on Wednesday, June 26th. They issued an “overweight” rating and a $15.00 price target for the company. The Goldman Sachs Group boosted their price objective on shares of NU from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Susquehanna raised their target price on shares of NU from $12.00 to $14.00 and gave the stock a “positive” rating in a report on Wednesday, May 15th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, NU has a consensus rating of “Moderate Buy” and a consensus target price of $12.23.

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.