Shares of Nu Holdings Ltd. (NYSE:NU - Get Free Report) dropped 7.3% during trading on Friday . The company traded as low as $12.37 and last traded at $12.54. Approximately 25,227,799 shares changed hands during trading, a decline of 23% from the average daily volume of 32,812,328 shares. The stock had previously closed at $13.53.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the stock. KeyCorp raised their price objective on shares of NU from $15.00 to $17.00 and gave the stock an "overweight" rating in a research note on Thursday, November 14th. UBS Group downgraded shares of NU from a "buy" rating to a "neutral" rating and set a $13.50 price target on the stock. in a research note on Friday, August 2nd. The Goldman Sachs Group raised their price target on NU from $17.00 to $19.00 and gave the stock a "buy" rating in a research note on Thursday, November 14th. Susquehanna boosted 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. Finally, JPMorgan Chase & Co. increased their target price on shares of NU from $14.50 to $15.00 and gave the stock a "neutral" rating in a research report on Monday, August 19th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $16.21.
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NU Stock Performance
The company has a market cap of $59.76 billion, a P/E ratio of 34.81, a P/E/G ratio of 0.66 and a beta of 1.13. The firm's fifty day moving average price is $14.32 and its 200-day moving average price is $13.34. 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
Several institutional investors and hedge funds have recently bought and sold shares of NU. Massmutual Trust Co. FSB ADV grew its stake 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 purchasing an additional 1,422 shares during the period. GAMMA Investing LLC boosted its stake in shares of NU by 56.2% in the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company's stock valued at $29,000 after purchasing an additional 815 shares in the last quarter. Carolina Wealth Advisors LLC bought a new stake in shares of NU in the 3rd quarter worth about $44,000. ORG Partners LLC acquired a new stake in shares of NU during the 2nd quarter worth about $54,000. Finally, Toth Financial Advisory Corp acquired a new position in NU in the third quarter valued at about $55,000. Institutional investors own 80.90% of the company's stock.
NU Company Profile
(
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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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