NU (NYSE:NU) Stock Price Up 2.7% – What’s Next?

Nu Holdings Ltd. (NYSE:NU)’s share price shot up 2.7% on Wednesday . The stock traded as high as $12.02 and last traded at $11.98. 12,451,103 shares were traded during trading, a decline of 63% from the average session volume of 33,245,773 shares. The stock had previously closed at $11.67.

Analysts Set New Price Targets

A number of research firms recently commented on NU. Barclays increased their price target on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Citigroup cut NU from a “neutral” rating to a “sell” rating and cut their price target for the company from $14.60 to $11.00 in a report on Monday. KeyCorp increased their price objective on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Bank of America increased their price objective on shares of NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Finally, JPMorgan Chase & Co. increased their price objective on shares of NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $15.63.

NU Stock Up 0.8 %

The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. The stock has a market capitalization of $57.43 billion, a price-to-earnings ratio of 33.22, a P/E/G ratio of 0.57 and a beta of 0.99. The firm’s fifty day simple moving average is $14.07 and its 200 day simple moving average is $13.35.

Institutional Trading of NU

Hedge funds and other institutional investors have recently made changes to their positions in the business. Franklin Resources Inc. boosted its position in NU by 5.7% during the third 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 boosted its position in shares of NU by 25.1% in the third quarter. Tidal Investments LLC now owns 2,312,956 shares of the company’s stock valued at $31,572,000 after acquiring an additional 463,866 shares during the period. Blankinship & Foster LLC bought a new stake in shares of NU in the third quarter valued at about $3,212,000. Wilmington Savings Fund Society FSB bought a new stake in shares of NU in the third quarter valued at about $148,000. Finally, Morse Asset Management Inc boosted its position in shares of NU by 71.1% in the third quarter. Morse Asset Management Inc now owns 58,786 shares of the company’s stock valued at $802,000 after acquiring an additional 24,436 shares during the period. 80.90% of the stock is currently owned by institutional investors and hedge funds.

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.