NU (NYSE:NU) Stock Price Down 0.4% - Here's What Happened

Nu Holdings Ltd. (NYSE:NU - Get Free Report) shares traded down 0.4% during mid-day trading on Thursday . The stock traded as low as $12.10 and last traded at $12.21. 9,533,793 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 33,295,941 shares. The stock had previously closed at $12.26.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on NU from $14.50 to $15.00 and gave the company a "neutral" rating in a research note on Monday, August 19th. Susquehanna lifted their price target on NU from $16.00 to $18.00 and gave the company a "positive" rating in a research note on Thursday, November 14th. The Goldman Sachs Group boosted their price objective on NU from $17.00 to $19.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. Itau BBA Securities lowered NU from an "outperform" rating to a "market perform" rating in a research report on Thursday, November 14th. Finally, KeyCorp boosted their price objective on NU from $15.00 to $17.00 and gave the stock an "overweight" rating in a research report on Thursday, November 14th. One research 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. Based on data from MarketBeat, NU currently has an average rating of "Hold" and a consensus target price of $15.63.

NU Price Performance

The business has a 50-day simple moving average of $13.93 and a 200 day simple moving average of $13.36. The stock has a market cap of $57.14 billion, a P/E ratio of 33.31, a price-to-earnings-growth ratio of 0.58 and a beta of 0.99. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20.

Institutional Investors Weigh In On NU

A number of institutional investors have recently made changes to their positions in the stock. LRI Investments LLC lifted its stake in shares of NU by 3.1% in the 3rd quarter. LRI Investments LLC now owns 24,983 shares of the company's stock valued at $341,000 after purchasing an additional 743 shares during the period. Coldstream Capital Management Inc. lifted 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 valued at $362,000 after purchasing an additional 801 shares during the period. Marcum Wealth LLC lifted its stake in shares of NU by 2.5% in the 3rd quarter. Marcum Wealth LLC now owns 37,221 shares of the company's stock valued at $508,000 after purchasing an additional 903 shares during the period. Fortis Capital Management LLC lifted its stake in shares of NU by 6.6% in the 2nd quarter. Fortis Capital Management LLC now owns 17,330 shares of the company's stock valued at $223,000 after purchasing an additional 1,072 shares during the period. Finally, Americana Partners LLC lifted its stake in shares of NU by 7.8% in the 2nd quarter. Americana Partners LLC now owns 15,449 shares of the company's stock valued at $199,000 after purchasing an additional 1,115 shares during the period. Institutional investors own 80.90% of the company's stock.

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.