NU (NYSE:NU) Stock Price Down 8.4% – What’s Next?

Nu Holdings Ltd. (NYSE:NU)’s share price traded down 8.4% during mid-day trading on Thursday . The stock traded as low as $14.00 and last traded at $14.32. 43,195,324 shares were traded during trading, an increase of 35% from the average session volume of 31,989,424 shares. The stock had previously closed at $15.64.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Barclays raised their target price on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. The Goldman Sachs Group raised their price objective on shares of NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. upped their target price on NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. UBS Group cut NU from a “buy” rating to a “neutral” rating and set a $13.50 price target for the company. in a report on Friday, August 2nd. Finally, KeyCorp upped their price objective on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $16.21.

NU Price Performance

The business has a fifty day moving average price of $14.45 and a 200 day moving average price of $13.17. The company has a market cap of $72.01 billion, a price-to-earnings ratio of 46.19, a PEG ratio of 0.72 and a beta of 1.13. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.49.

NU (NYSE:NU) last issued its quarterly earnings data on Tuesday, August 13th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. The business had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.90 billion. NU had a net margin of 15.11% and a return on equity of 27.00%. During the same quarter in the prior year, the firm earned $0.05 EPS. As a group, research analysts anticipate that Nu Holdings Ltd. will post 0.41 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Baillie Gifford & Co. grew its stake in shares of NU by 13.0% during the 3rd quarter. Baillie Gifford & Co. now owns 210,103,451 shares of the company’s stock worth $2,867,912,000 after acquiring an additional 24,140,416 shares during the period. Capital Research Global Investors boosted its stake in NU by 15.7% in the 1st quarter. Capital Research Global Investors now owns 202,618,338 shares of the company’s stock worth $2,417,237,000 after purchasing an additional 27,420,994 shares during the period. Jennison Associates LLC grew its holdings in NU by 7.1% during the 3rd quarter. Jennison Associates LLC now owns 96,754,946 shares of the company’s stock valued at $1,320,705,000 after buying an additional 6,435,526 shares in the last quarter. FMR LLC lifted its holdings in shares of NU by 16.4% in the third quarter. FMR LLC now owns 61,801,891 shares of the company’s stock worth $843,596,000 after buying an additional 8,728,833 shares in the last quarter. Finally, Whale Rock Capital Management LLC increased its holdings in NU by 0.8% during the 1st quarter. Whale Rock Capital Management LLC now owns 25,004,827 shares of the company’s stock worth $298,308,000 after acquiring an additional 204,305 shares during the period. 80.90% of the stock is owned by institutional investors and hedge funds.

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.