NU (NYSE:NU) Trading 5.3% Higher - Here's What Happened

Nu Holdings Ltd. (NYSE:NU - Get Free Report) shares traded up 5.3% during mid-day trading on Tuesday . The stock traded as high as $10.62 and last traded at $10.24. 35,636,464 shares were traded during trading, a decline of 9% from the average session volume of 38,951,524 shares. The stock had previously closed at $9.72.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NU. UBS Group decreased their price target on NU from $15.50 to $15.00 and set a "neutral" rating for the company in a report on Tuesday, February 18th. Barclays cut their price objective on shares of NU from $17.00 to $15.00 and set an "overweight" rating for the company in a research report on Monday, February 24th. Finally, JPMorgan Chase & Co. upgraded NU from a "neutral" rating to an "overweight" rating and cut their price objective for the stock from $14.00 to $13.00 in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $15.36.

NU Price Performance

The firm has a market capitalization of $50.25 billion, a price-to-earnings ratio of 26.36, a PEG ratio of 0.48 and a beta of 1.14. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. The stock's 50 day moving average price is $11.50 and its two-hundred day moving average price is $12.40.

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

Hedge Funds Weigh In On NU

Several large investors have recently bought and sold shares of the business. Baader Bank Aktiengesellschaft increased its position in shares of NU by 19.6% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 355,332 shares of the company's stock worth $3,680,000 after purchasing an additional 58,183 shares during the last quarter. Baillie Gifford & Co. increased its stake in shares of NU by 7.1% in the 4th quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company's stock valued at $2,330,786,000 after purchasing an additional 14,875,891 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of NU by 5.7% in the third quarter. Franklin Resources Inc. now owns 5,060,504 shares of the company's stock worth $74,288,000 after acquiring an additional 271,903 shares during the last quarter. Blankinship & Foster LLC acquired a new stake in NU in the third quarter valued at approximately $3,212,000. Finally, Barclays PLC grew its position in 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 acquiring an additional 359,733 shares during the last quarter. 84.02% of the stock is currently owned by institutional investors and hedge funds.

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.