NU Sees Unusually High Options Volume (NYSE:NU)

Nu Holdings Ltd. (NYSE:NU) was the target of some unusual options trading on Thursday. Traders bought 100,904 call options on the company. This is an increase of approximately 65% compared to the average volume of 61,189 call options.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on NU shares. UBS Group reduced their target price on NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday. The Goldman Sachs Group increased 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, November 14th. Susquehanna increased 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. KeyCorp upped their price target on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Finally, Itau BBA Securities lowered shares of NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $15.80.

Hedge Funds Weigh In On NU

Several hedge funds have recently made changes to their positions in NU. Norges Bank acquired a new stake in NU during the 4th quarter valued at $447,762,000. State Street Corp lifted its stake in NU by 105.9% in the 3rd quarter. State Street Corp now owns 78,865,138 shares of the company’s stock worth $1,076,509,000 after acquiring an additional 40,560,986 shares in the last quarter. Baillie Gifford & Co. boosted its position in 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. Arrowstreet Capital Limited Partnership grew its stake in NU by 2,193.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 18,109,184 shares of the company’s stock valued at $187,611,000 after acquiring an additional 17,319,681 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of NU by 104.3% in the third quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company’s stock worth $442,935,000 after purchasing an additional 16,638,397 shares in the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Stock Performance

NU stock traded down $0.15 during midday trading on Thursday, reaching $13.33. The company had a trading volume of 41,449,270 shares, compared to its average volume of 35,438,188. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. The stock has a 50 day moving average price of $11.92 and a 200 day moving average price of $13.23. The firm has a market capitalization of $63.51 billion, a PE ratio of 37.02, a P/E/G ratio of 0.48 and a beta of 1.10. NU has a fifty-two week low of $9.67 and a fifty-two week high of $16.15.

About NU

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.