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

Nu Holdings Ltd. (NYSE:NU - Get Free Report)'s share price traded down 0.4% on Tuesday . The company traded as low as $13.32 and last traded at $13.60. 10,665,011 shares were traded during trading, a decline of 67% from the average session volume of 32,317,951 shares. The stock had previously closed at $13.65.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on NU shares. Bank of America lifted their target price on NU from $12.80 to $15.00 and gave the company a "neutral" rating in a report on Thursday, September 12th. JPMorgan Chase & Co. boosted their price objective on NU from $14.50 to $15.00 and gave the stock a "neutral" rating in a research report on Monday, August 19th. Barclays raised their target price on shares of NU from $15.00 to $17.00 and gave the company an "overweight" rating in a report on Friday, August 16th. The Goldman Sachs Group boosted their price target on shares of NU from $17.00 to $19.00 and gave the stock a "buy" 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. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $16.21.

NU Price Performance

The stock has a market capitalization of $63.96 billion, a price-to-earnings ratio of 37.78, a price-to-earnings-growth ratio of 0.64 and a beta of 1.13. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. The company's 50 day moving average is $14.47 and its 200 day moving average is $13.26.

Institutional Investors Weigh In On NU

Several large investors have recently modified their holdings of the company. Coldstream Capital Management Inc. increased its position in 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 acquiring an additional 801 shares during the period. Geode Capital Management LLC increased its stake in NU by 104.3% in the 3rd quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company's stock valued at $442,935,000 after buying an additional 16,638,397 shares during the period. M&T Bank Corp raised its holdings in NU by 4.2% during the third quarter. M&T Bank Corp now owns 417,467 shares of the company's stock worth $5,698,000 after purchasing an additional 16,812 shares in the last quarter. Adalta Capital Management LLC boosted its holdings in NU by 11.7% in the 3rd quarter. Adalta Capital Management LLC now owns 83,550 shares of the company's stock valued at $1,140,000 after purchasing an additional 8,725 shares in the last quarter. Finally, Barclays PLC raised its stake in shares of NU by 55.7% during the 3rd quarter. Barclays PLC now owns 1,005,022 shares of the company's stock worth $13,718,000 after buying an additional 359,733 shares in the last quarter. 80.90% of the stock is owned by institutional investors and hedge funds.

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.

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