NU (NYSE:NU) Hits New 12-Month Low - What's Next?

Nu Holdings Ltd. (NYSE:NU - Get Free Report) reached a new 52-week low during trading on Friday . The company traded as low as $9.44 and last traded at $9.52, with a volume of 10171480 shares. The stock had previously closed at $10.27.

Analyst Ratings Changes

NU has been the topic of a number of research analyst reports. JPMorgan Chase & Co. cut their price target on shares of NU from $15.00 to $14.00 and set a "neutral" rating on the stock in a report on Monday, February 24th. Barclays cut their price objective on NU from $17.00 to $15.00 and set an "overweight" rating for the company in a report on Monday, February 24th. Finally, UBS Group lowered their target price on NU from $15.50 to $15.00 and set a "neutral" rating for the company in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $15.47.

NU Trading Down 0.6 %

The firm has a market capitalization of $45.49 billion, a P/E ratio of 23.33, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. The stock's 50-day simple moving average is $11.87 and its two-hundred day simple moving average is $12.59. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44.

NU (NYSE:NU - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.12. NU had a return on equity of 30.99% and a net margin of 17.12%. The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.17 billion. Equities research analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current year.

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Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in NU. LRI Investments LLC raised its holdings in shares of 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 in the last quarter. OneAscent Wealth Management LLC increased its position in NU by 6.5% in the fourth quarter. OneAscent Wealth Management LLC now owns 12,481 shares of the company's stock worth $129,000 after purchasing an additional 760 shares during the last quarter. Coldstream Capital Management Inc. grew 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 buying an additional 801 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of NU by 1.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 69,110 shares of the company's stock valued at $716,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Arkfeld Wealth Strategies L.L.C. raised its holdings in shares of NU by 2.0% in the fourth quarter. Arkfeld Wealth Strategies L.L.C. now owns 52,245 shares of the company's stock worth $579,000 after buying an additional 1,000 shares during the period. Hedge funds and other institutional investors own 84.02% of the company's stock.

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.