NU (NYSE:NU) Stock Price Up 0.3% – Should You Buy?

Nu Holdings Ltd. (NYSE:NU)’s stock price was up 0.3% during mid-day trading on Thursday . The stock traded as high as $10.40 and last traded at $10.40. Approximately 5,896,146 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 33,859,152 shares. The stock had previously closed at $10.37.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on NU. Susquehanna raised their price objective on NU from $16.00 to $18.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. Bank of America lifted their price target on shares of NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research report on Thursday, September 12th. Itau BBA Securities downgraded shares of NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. Citigroup cut shares of NU from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $14.60 to $11.00 in a report on Monday, December 2nd. Finally, The Goldman Sachs Group upped their target price on shares of NU from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $15.63.

NU Stock Down 0.3 %

The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $49.23 billion, a P/E ratio of 28.69, a P/E/G ratio of 0.59 and a beta of 0.99. The stock’s 50-day simple moving average is $13.25 and its 200-day simple moving average is $13.28.

Hedge Funds Weigh In On NU

Institutional investors have recently modified their holdings of the business. Principal Financial Group Inc. lifted its holdings in NU by 315.8% during the third quarter. Principal Financial Group Inc. now owns 1,153,464 shares of the company’s stock worth $15,745,000 after acquiring an additional 876,039 shares during the period. Franklin Resources Inc. raised its stake in shares of NU by 5.7% during the 3rd quarter. Franklin Resources Inc. now owns 5,060,504 shares of the company’s stock worth $74,288,000 after purchasing an additional 271,903 shares during the period. Tidal Investments LLC raised its stake in shares of NU by 25.1% during the 3rd quarter. Tidal Investments LLC now owns 2,312,956 shares of the company’s stock worth $31,572,000 after purchasing an additional 463,866 shares during the period. Blankinship & Foster LLC purchased a new position in shares of NU in the 3rd quarter worth about $3,212,000. Finally, Wilmington Savings Fund Society FSB bought a new position in NU during the third quarter valued at about $148,000. 84.02% 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.