NU (NYSE:NU) Shares Down 0.1% - What's Next?

Nu Holdings Ltd. (NYSE:NU - Get Free Report) was down 0.1% on Thursday . The company traded as low as $14.06 and last traded at $14.10. Approximately 3,426,183 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 32,527,264 shares. The stock had previously closed at $14.11.

Analyst Ratings Changes

NU has been the subject of a number of research reports. Bank of America upped their target price on shares of NU from $12.80 to $15.00 and gave the stock a "neutral" rating in a research report on Thursday, September 12th. Susquehanna reissued a "positive" rating and set a $16.00 price objective on shares of NU in a report on Thursday, August 15th. JPMorgan Chase & Co. lifted their target price on NU from $14.50 to $15.00 and gave the stock a "neutral" rating in a report on Monday, August 19th. Barclays increased their price target on NU from $15.00 to $17.00 and gave the company an "overweight" rating in a research note on Friday, August 16th. Finally, UBS Group downgraded NU from a "buy" rating to a "neutral" rating and set a $13.50 price objective on the stock. in a research note on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, NU has a consensus rating of "Moderate Buy" and an average price target of $14.74.

NU Price Performance

The firm has a market capitalization of $67.49 billion, a P/E ratio of 54.46, a price-to-earnings-growth ratio of 0.61 and a beta of 1.15. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The firm has a 50 day moving average price of $14.08 and a 200-day moving average price of $12.66.

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Capital Research Global Investors boosted its stake in shares of NU by 15.7% during the first quarter. Capital Research Global Investors now owns 202,618,338 shares of the company's stock valued at $2,417,237,000 after purchasing an additional 27,420,994 shares during the period. Baillie Gifford & Co. lifted its holdings in NU by 9.7% during the 2nd quarter. Baillie Gifford & Co. now owns 185,963,035 shares of the company's stock valued at $2,397,064,000 after buying an additional 16,512,911 shares in the last quarter. Jennison Associates LLC boosted its position in NU by 32.4% in the 1st quarter. Jennison Associates LLC now owns 87,155,886 shares of the company's stock valued at $1,039,770,000 after buying an additional 21,342,814 shares during the period. Whale Rock Capital Management LLC grew its stake in NU by 0.8% in the 1st quarter. Whale Rock Capital Management LLC now owns 25,004,827 shares of the company's stock worth $298,308,000 after acquiring an additional 204,305 shares in the last quarter. Finally, Sei Investments Co. increased its position in shares of NU by 23.0% during the second quarter. Sei Investments Co. now owns 18,927,977 shares of the company's stock worth $243,982,000 after acquiring an additional 3,544,124 shares during the period. Hedge funds and other 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.