NU (NYSE:NU) Shares Down 0.1% - Here's Why

Nu Holdings Ltd. (NYSE:NU - Get Free Report)'s stock price traded down 0.1% during trading on Wednesday . The stock traded as low as $13.33 and last traded at $13.44. 8,384,608 shares traded hands during mid-day 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 equities analysts have recently issued reports on NU shares. UBS Group downgraded shares of NU from a "buy" rating to a "neutral" rating and set a $13.50 price objective on the stock. in a research note on Friday, August 2nd. The Goldman Sachs Group boosted their price target on NU from $17.00 to $19.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. lifted their target price on NU from $14.50 to $15.00 and gave the company a "neutral" rating in a research note on Monday, August 19th. Bank of America increased their price target on shares of NU from $12.80 to $15.00 and gave the company a "neutral" rating in a research report on Thursday, September 12th. Finally, Susquehanna lifted their price objective on shares of NU from $16.00 to $18.00 and gave the stock a "positive" rating in a research report on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $16.21.

NU Stock Down 1.7 %

The firm has a market capitalization of $63.05 billion, a price-to-earnings ratio of 37.33, a P/E/G ratio of 0.64 and a beta of 1.13. 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 company's 50 day moving average price is $14.47 and its 200 day moving average price is $13.27.

Institutional Investors Weigh In On NU

A number of large investors have recently bought and sold shares of NU. Massmutual Trust Co. FSB ADV boosted its holdings in shares of NU by 287.9% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company's stock valued at $26,000 after acquiring an additional 1,422 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of NU by 56.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company's stock valued at $29,000 after buying an additional 815 shares during the last quarter. Carolina Wealth Advisors LLC purchased a new position in shares of NU during the 3rd quarter valued at about $44,000. Toth Financial Advisory Corp purchased a new stake in shares of NU in the third quarter worth about $55,000. Finally, ORG Partners LLC purchased a new stake in shares of NU in the second quarter worth about $54,000. Hedge funds and other institutional investors 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.

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