NU Target of Unusually Large Options Trading (NYSE:NU)

Nu Holdings Ltd. (NYSE:NU - Get Free Report) saw unusually large options trading on Wednesday. Stock traders acquired 120,385 call options on the company. This represents an increase of approximately 106% compared to the average daily volume of 58,475 call options.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Itau BBA Securities downgraded NU from an "outperform" rating to a "market perform" rating in a research note on Thursday, November 14th. KeyCorp increased their price target 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. The Goldman Sachs Group boosted their price objective on shares of NU from $17.00 to $19.00 and gave the company a "buy" rating in a report on Thursday, November 14th. Susquehanna increased their target price on shares of NU from $16.00 to $18.00 and gave the stock a "positive" rating in a report on Thursday, November 14th. Finally, Citigroup cut shares of NU from a "neutral" rating to a "sell" rating and reduced their price target for the stock from $14.60 to $11.00 in a research report on Monday, December 2nd. One investment 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. According to data from MarketBeat.com, NU has an average rating of "Hold" and a consensus target price of $15.63.

NU Stock Performance

NYSE NU traded up $0.51 during trading on Wednesday, reaching $11.99. 54,744,724 shares of the company's stock were exchanged, compared to its average volume of 30,020,514. NU has a fifty-two week low of $8.51 and a fifty-two week high of $16.15. The stock has a market capitalization of $57.12 billion, a P/E ratio of 33.29, a PEG ratio of 0.41 and a beta of 1.05. The business has a 50 day moving average price of $11.88 and a 200-day moving average price of $13.16. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of NU. Massmutual Trust Co. FSB ADV raised its stake in NU by 287.9% in the 3rd 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 in the last quarter. Piscataqua Savings Bank raised its position in shares of NU by 500.0% in the fourth quarter. Piscataqua Savings Bank now owns 3,000 shares of the company's stock valued at $31,000 after buying an additional 2,500 shares in the last quarter. Carolina Wealth Advisors LLC acquired a new stake in shares of NU in the third quarter valued at approximately $44,000. Toth Financial Advisory Corp bought a new stake in shares of NU in the third quarter valued at approximately $55,000. Finally, GAMMA Investing LLC grew its position in NU by 81.9% during the third quarter. GAMMA Investing LLC now owns 4,119 shares of the company's stock worth $56,000 after buying an additional 1,855 shares in the last quarter. Institutional investors and hedge funds own 84.02% of the company's stock.

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.

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