NU (NYSE:NU) Trading Down 0.1% – Should You Sell?

Nu Holdings Ltd. (NYSE:NU)’s stock price traded down 0.1% on Wednesday . The stock traded as low as $13.33 and last traded at $13.44. 8,384,608 shares were traded during trading, a decline of 74% from the average session volume of 32,423,754 shares. The stock had previously closed at $13.46.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. Susquehanna increased their target price on shares of NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. The Goldman Sachs Group lifted their price target on NU from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Bank of America increased their price target on NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Finally, UBS Group downgraded NU from a “buy” rating to a “neutral” rating and set a $13.50 target price for the company. in a research note on Friday, August 2nd. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $16.21.

NU Price Performance

The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. The stock has a market capitalization of $63.05 billion, a price-to-earnings ratio of 37.33, a price-to-earnings-growth ratio of 0.64 and a beta of 1.13. The stock has a 50 day moving average price of $14.47 and a 200-day moving average price of $13.27.

Hedge Funds Weigh In On NU

Several hedge funds and other institutional investors have recently modified their holdings of NU. Advisory Resource Group acquired a new stake in shares of NU in the third quarter valued at approximately $979,000. Coldstream Capital Management Inc. increased its stake in shares of 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 acquiring an additional 801 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of NU by 104.3% during the 3rd quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company’s stock worth $442,935,000 after acquiring an additional 16,638,397 shares during the period. M&T Bank Corp raised its holdings in shares of NU by 4.2% during the 3rd quarter. M&T Bank Corp now owns 417,467 shares of the company’s stock worth $5,698,000 after acquiring an additional 16,812 shares during the period. Finally, Adalta Capital Management LLC boosted its position in shares of NU by 11.7% during the 3rd quarter. Adalta Capital Management LLC now owns 83,550 shares of the company’s stock valued at $1,140,000 after acquiring an additional 8,725 shares during the last quarter. 80.90% of the stock is owned by hedge funds and other institutional investors.

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.