NU (NYSE:NU) Trading Down 2.4% - What's Next?

Nu Holdings Ltd. (NYSE:NU - Get Free Report) shares were down 2.4% during mid-day trading on Monday . The company traded as low as $13.63 and last traded at $13.72. Approximately 12,161,569 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 32,238,820 shares. The stock had previously closed at $14.06.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on NU shares. KeyCorp boosted their target price on shares of NU from $15.00 to $17.00 and gave the stock an "overweight" rating in a report on Thursday. Susquehanna boosted their price objective on shares of NU from $16.00 to $18.00 and gave the company a "positive" rating in a research report on Thursday. UBS Group downgraded shares of NU from a "buy" rating to a "neutral" rating and set a $13.50 target price for the company. in a research report on Friday, August 2nd. Itau BBA Securities cut shares of NU from an "outperform" rating to a "market perform" rating in a report on Thursday. Finally, The Goldman Sachs Group increased their price objective on NU from $17.00 to $19.00 and gave the stock a "buy" rating in a report on Thursday. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $16.21.

NU Price Performance

The company has a fifty day simple moving average of $14.48 and a 200 day simple moving average of $13.24. The stock has a market capitalization of $65.48 billion, a price-to-earnings ratio of 38.11, a P/E/G ratio of 0.64 and a beta of 1.13. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.49 and a current ratio of 0.44.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of NU. Allspring Global Investments Holdings LLC increased its stake in NU by 179.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 8,841 shares of the company's stock valued at $105,000 after buying an additional 5,672 shares during the last quarter. Hamilton Lane Advisors LLC lifted its position in shares of NU by 97.8% during the 1st quarter. Hamilton Lane Advisors LLC now owns 500,791 shares of the company's stock valued at $5,974,000 after buying an additional 247,642 shares during the last quarter. Oppenheimer & Co. Inc. bought a new stake in NU in the 1st quarter valued at about $133,000. Avantax Advisory Services Inc. bought a new stake in shares of NU during the 1st quarter valued at $130,000. Finally, Bleakley Financial Group LLC purchased a new position in NU during the 1st quarter valued at about $152,000. Institutional investors own 80.90% of the company's stock.

About NU

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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