NU (NYSE:NU) Shares Up 1.3% - Here's What Happened

Nu Holdings Ltd. (NYSE:NU - Get Free Report) traded up 1.3% on Friday . The stock traded as high as $14.42 and last traded at $14.35. 3,197,598 shares traded hands during trading, a decline of 90% from the average session volume of 32,443,242 shares. The stock had previously closed at $14.16.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. The Goldman Sachs Group raised their price objective on shares of NU from $15.00 to $17.00 and gave the stock a "buy" rating in a report on Thursday, July 11th. Barclays raised their price objective on shares of NU from $15.00 to $17.00 and gave the stock an "overweight" rating in a report on Friday, August 16th. UBS Group lowered shares of NU from a "buy" rating to a "neutral" rating and set a $13.50 price objective for the company. in a report on Friday, August 2nd. Bank of America raised their price objective on shares of NU from $12.80 to $15.00 and gave the stock a "neutral" rating in a report on Thursday, September 12th. Finally, JPMorgan Chase & Co. raised their price objective on shares of NU from $14.50 to $15.00 and gave the stock a "neutral" rating in a report on Monday, August 19th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $14.74.

NU Trading Up 2.0 %

The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.25. The firm has a market cap of $68.82 billion, a price-to-earnings ratio of 55.54, a price-to-earnings-growth ratio of 0.61 and a beta of 1.15. The business's fifty day moving average is $14.12 and its two-hundred day moving average is $12.68.

NU (NYSE:NU - Get Free Report) last released its earnings results on Tuesday, August 13th. The company reported $0.12 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.02. NU had a net margin of 15.11% and a return on equity of 27.00%. The firm had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same quarter in the previous year, the business earned $0.05 EPS. Equities analysts anticipate that Nu Holdings Ltd. will post 0.41 earnings per share for the current fiscal year.

Institutional Trading of NU

Institutional investors have recently bought and sold shares of the business. Massmutual Trust Co. FSB ADV grew its holdings in NU by 287.9% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company's stock worth $26,000 after acquiring an additional 1,422 shares during the period. GAMMA Investing LLC grew its holdings in shares of NU by 56.2% in the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company's stock valued at $29,000 after buying an additional 815 shares during the period. ORG Partners LLC acquired a new position in shares of NU in the 2nd quarter valued at $54,000. Opal Wealth Advisors LLC acquired a new position in shares of NU in the 2nd quarter valued at $88,000. Finally, LRI Investments LLC acquired a new position in shares of NU in the 1st quarter valued at $91,000. Institutional investors and hedge funds 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.