Traders Purchase Large Volume of Put Options on NU (NYSE:NU)

Nu Holdings Ltd. (NYSE:NU - Get Free Report) saw unusually large options trading on Tuesday. Traders acquired 78,085 put options on the stock. This represents an increase of approximately 22% compared to the average volume of 63,966 put options.

Analyst Ratings Changes

NU has been the subject of several research analyst reports. Bank of America lifted their price objective on NU from $12.80 to $15.00 and gave the stock a "neutral" rating in a report on Thursday, September 12th. 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 raised 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. Itau BBA Securities downgraded shares of NU from an "outperform" rating to a "market perform" rating in a research report on Thursday, November 14th. Finally, Barclays boosted their price target on NU from $15.00 to $17.00 and gave the company an "overweight" rating in a report on Friday, August 16th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $16.21.

NU Stock Performance

NU stock traded down $0.20 during trading on Tuesday, reaching $13.46. The company had a trading volume of 58,305,470 shares, compared to its average volume of 32,530,580. The firm has a 50-day simple moving average of $14.47 and a 200-day simple moving average of $13.27. The company has a market cap of $64.13 billion, a price-to-earnings ratio of 37.38, a price-to-earnings-growth 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 0.44 and a current ratio of 0.44. NU has a twelve month low of $8.04 and a twelve month high of $16.15.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Coldstream Capital Management Inc. raised its holdings in shares of NU by 3.1% during the third quarter. Coldstream Capital Management Inc. now owns 26,517 shares of the company's stock valued at $362,000 after acquiring an additional 801 shares during the last quarter. Geode Capital Management LLC lifted its holdings in NU by 104.3% in the third quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company's stock valued at $442,935,000 after acquiring an additional 16,638,397 shares during the last quarter. M&T Bank Corp lifted its holdings in NU by 4.2% in the third quarter. M&T Bank Corp now owns 417,467 shares of the company's stock valued at $5,698,000 after acquiring an additional 16,812 shares during the last quarter. Adalta Capital Management LLC increased its holdings in NU by 11.7% in the 3rd quarter. Adalta Capital Management LLC now owns 83,550 shares of the company's stock valued at $1,140,000 after purchasing an additional 8,725 shares during the last quarter. Finally, Barclays PLC increased its holdings in NU by 55.7% in the 3rd quarter. Barclays PLC now owns 1,005,022 shares of the company's stock valued at $13,718,000 after purchasing an additional 359,733 shares during the last quarter. 80.90% of the stock is owned by institutional investors and hedge funds.

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.