NU (NYSE:NU) Stock Price Down 1.6% - Here's What Happened

Nu Holdings Ltd. (NYSE:NU - Get Free Report)'s stock price dropped 1.6% during trading on Thursday . The company traded as low as $15.22 and last traded at $15.48. Approximately 4,610,958 shares traded hands during trading, a decline of 86% from the average daily volume of 31,950,443 shares. The stock had previously closed at $15.73.

Analysts Set New Price Targets

NU has been the subject of a number of analyst reports. The Goldman Sachs Group upped their price target on NU from $15.00 to $17.00 and gave the stock a "buy" rating in a report on Thursday, July 11th. Susquehanna reaffirmed a "positive" rating and set a $16.00 target price on shares of NU in a research note on Thursday, August 15th. Barclays lifted their price target on shares of NU from $15.00 to $17.00 and gave the company an "overweight" rating in a research note on Friday, August 16th. UBS Group cut shares of NU from a "buy" rating to a "neutral" rating and set a $13.50 price objective for the company. in a research report on Friday, August 2nd. Finally, Bank of America lifted their target price on shares of NU from $12.80 to $15.00 and gave the company a "neutral" rating in a research report on Thursday, September 12th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, NU has an average rating of "Moderate Buy" and an average target price of $15.21.

NU Price Performance

The stock's fifty day moving average price is $14.35 and its 200-day moving average price is $12.88. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.49 and a quick ratio of 0.49. The firm has a market cap of $71.87 billion, a PE ratio of 48.65, a price-to-earnings-growth ratio of 0.68 and a beta of 1.15.

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

Institutional Trading of NU

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Massmutual Trust Co. FSB ADV grew its stake in shares of NU by 287.9% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company's stock valued at $26,000 after buying an additional 1,422 shares during the period. GAMMA Investing LLC grew its position in NU by 56.2% in the second quarter. GAMMA Investing LLC now owns 2,264 shares of the company's stock worth $29,000 after acquiring an additional 815 shares during the period. Carolina Wealth Advisors LLC acquired a new stake in NU during the third quarter worth $44,000. Toth Financial Advisory Corp purchased a new stake in NU in the third quarter valued at $55,000. Finally, ORG Partners LLC acquired a new position in shares of NU in the 2nd quarter valued at $54,000. 80.90% of the stock is owned by institutional investors and hedge funds.

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.