NU (NYSE:NU) Stock Price Down 1.6% – Should You Sell?

Nu Holdings Ltd. (NYSE:NU) traded down 1.6% on Wednesday . The stock traded as low as $13.60 and last traded at $13.71. 6,976,388 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 32,749,193 shares. The stock had previously closed at $13.94.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Itau BBA Securities cut NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. The Goldman Sachs Group raised their price target on shares of NU from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. UBS Group cut shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 price objective for the company. in a research report on Friday, August 2nd. JPMorgan Chase & Co. boosted their target price on shares of NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. Finally, Barclays increased their price target on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $16.21.

NU Stock Performance

The company has a market capitalization of $64.48 billion, a price-to-earnings ratio of 37.58, a price-to-earnings-growth ratio of 0.64 and a beta of 1.13. 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 stock has a 50 day moving average of $14.37 and a 200 day moving average of $13.34.

Institutional Investors Weigh In On NU

Several hedge funds and other institutional investors have recently modified their holdings of the company. Massmutual Trust Co. FSB ADV boosted its stake in shares of NU by 287.9% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock worth $26,000 after buying an additional 1,422 shares during the last quarter. GAMMA Investing LLC grew its position in NU by 56.2% during the second quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock valued at $29,000 after buying an additional 815 shares during the period. Carolina Wealth Advisors LLC purchased a new stake in NU during the third quarter worth about $44,000. Toth Financial Advisory Corp purchased a new position in NU in the third quarter valued at about $55,000. Finally, ORG Partners LLC bought a new position in shares of NU during the 2nd quarter valued at approximately $54,000. Institutional investors own 80.90% of the company’s stock.

About NU

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.