NU (NYSE:NU) Stock Price Up 0.3% – Still a Buy?

Nu Holdings Ltd. (NYSE:NU)’s stock price rose 0.3% on Friday . The company traded as high as $12.00 and last traded at $12.00. Approximately 6,900,201 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 33,295,891 shares. The stock had previously closed at $11.96.

Analysts Set New Price Targets

A number of brokerages have issued reports on NU. Bank of America upped their target price on NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Susquehanna upped their price target on NU from $16.00 to $18.00 and gave the company a “positive” rating in a report on Thursday, November 14th. Barclays raised their price objective on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. JPMorgan Chase & Co. boosted their price objective on NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. Finally, Itau BBA Securities downgraded shares of NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $15.63.

NU Trading Up 0.3 %

The business’s fifty day simple moving average is $14.07 and its 200 day simple moving average is $13.35. The stock has a market cap of $57.14 billion, a P/E ratio of 33.33, a price-to-earnings-growth ratio of 0.57 and a beta of 0.99. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20.

Hedge Funds Weigh In On NU

Several large investors have recently made changes to their positions in NU. LRI Investments LLC grew its holdings in NU by 3.1% during the 3rd quarter. LRI Investments LLC now owns 24,983 shares of the company’s stock worth $341,000 after acquiring an additional 743 shares during the period. Coldstream Capital Management Inc. grew its stake in shares of NU by 3.1% during the third quarter. Coldstream Capital Management Inc. now owns 26,517 shares of the company’s stock worth $362,000 after purchasing an additional 801 shares during the period. GAMMA Investing LLC increased its holdings in NU by 56.2% in the second quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock valued at $29,000 after purchasing an additional 815 shares during the last quarter. Marcum Wealth LLC lifted its stake in 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 buying an additional 903 shares during the period. Finally, Fortis Capital Management LLC boosted its holdings in NU by 6.6% during the second quarter. Fortis Capital Management LLC now owns 17,330 shares of the company’s stock worth $223,000 after buying an additional 1,072 shares during the last quarter. Institutional investors and hedge funds 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.