NU (NYSE:NU) Stock Price Down 2.4% – Should You Sell?

Shares of Nu Holdings Ltd. (NYSE:NU) traded down 2.4% during mid-day trading on Monday . The stock traded as low as $13.63 and last traded at $13.72. 12,161,569 shares were traded during trading, a decline of 62% from the average session volume of 32,238,820 shares. The stock had previously closed at $14.06.

Wall Street Analyst Weigh In

NU has been the topic of a number of research reports. Itau BBA Securities cut NU from an “outperform” rating to a “market perform” rating in a report on Thursday. KeyCorp upped their price objective on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday. Susquehanna boosted 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. UBS Group lowered NU from a “buy” rating to a “neutral” rating and set a $13.50 price target on the stock. in a research report on Friday, August 2nd. Finally, Barclays lifted their target price on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, NU currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.21.

NU Trading Down 2.3 %

The firm has a market capitalization of $65.48 billion, a PE ratio of 38.11, a P/E/G ratio of 0.64 and a beta of 1.13. The firm has a 50 day simple moving average of $14.48 and a 200 day simple moving average of $13.24. The company has a current ratio of 0.44, a quick ratio of 0.49 and a debt-to-equity ratio of 0.20.

Hedge Funds Weigh In On NU

Hedge funds and other institutional investors have recently modified their holdings of the company. LRI Investments LLC boosted its position in NU by 3.1% in the third quarter. LRI Investments LLC now owns 24,983 shares of the company’s stock worth $341,000 after purchasing an additional 743 shares during the last quarter. Coldstream Capital Management Inc. boosted its holdings in NU by 3.1% in the 3rd quarter. Coldstream Capital Management Inc. now owns 26,517 shares of the company’s stock worth $362,000 after buying an additional 801 shares during the period. GAMMA Investing LLC increased its stake in 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 in the last quarter. Marcum Wealth LLC lifted its position in shares of NU by 2.5% in the third quarter. Marcum Wealth LLC now owns 37,221 shares of the company’s stock valued at $508,000 after acquiring an additional 903 shares in the last quarter. Finally, Fortis Capital Management LLC boosted its stake in shares of NU by 6.6% in the second quarter. Fortis Capital Management LLC now owns 17,330 shares of the company’s stock worth $223,000 after acquiring an additional 1,072 shares during the period. 80.90% of the stock is owned by 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.