Citigroup Downgrades NU (NYSE:NU) to Sell

Citigroup cut shares of NU (NYSE:NU - Free Report) from a neutral rating to a sell rating in a research report released on Monday morning, Marketbeat Ratings reports. The brokerage currently has $11.00 target price on the stock, down from their prior target price of $14.60.

Several other analysts also recently issued reports on the company. The Goldman Sachs Group lifted their price target on NU from $17.00 to $19.00 and gave the company 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 stock a "positive" rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. raised their target price on shares of NU from $14.50 to $15.00 and gave the company a "neutral" rating in a research note on Monday, August 19th. KeyCorp lifted their price objective on shares of NU from $15.00 to $17.00 and gave the company an "overweight" rating in a research report on Thursday, November 14th. Finally, Bank of America lifted their price target on NU from $12.80 to $15.00 and gave the stock a "neutral" rating in a report on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, NU presently has an average rating of "Hold" and an average price target of $15.63.

NU Price Performance

Shares of NYSE:NU traded down $0.53 during midday trading on Monday, reaching $12.00. The company's stock had a trading volume of 95,170,018 shares, compared to its average volume of 33,236,613. 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 company has a market capitalization of $57.19 billion, a P/E ratio of 32.75, a P/E/G ratio of 0.61 and a beta of 1.13. The business's fifty day simple moving average is $14.28 and its 200-day simple moving average is $13.37. NU has a fifty-two week low of $8.06 and a fifty-two week high of $16.15.

Institutional Investors Weigh In On NU

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