NU (NYSE:NU) Sees Large Volume Increase

Shares of Nu Holdings Ltd. (NYSE:NU) saw an uptick in trading volume on Wednesday . 12,918,441 shares were traded during mid-day trading, a decline of 56% from the previous session’s volume of 29,155,885 shares.The stock last traded at $12.93 and had previously closed at $12.71.

Wall Street Analyst Weigh In

A number of research firms recently commented on NU. Jefferies Financial Group boosted their price target on NU from $10.80 to $15.20 and gave the company a “buy” rating in a research note on Monday, June 24th. Susquehanna increased their target price on shares of NU from $14.00 to $16.00 and gave the stock a “positive” rating in a report on Tuesday, July 16th. JPMorgan Chase & Co. downgraded shares of NU from an “overweight” rating to a “neutral” rating and increased their price objective for the company from $12.00 to $14.50 in a research note on Monday, July 22nd. KeyCorp boosted their target price on shares of NU from $12.00 to $13.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Finally, The Goldman Sachs Group increased their price target on NU from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $13.18.

NU Price Performance

The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.40 and a current ratio of 0.40. The business has a 50 day moving average price of $12.32 and a 200-day moving average price of $11.56. The company has a market capitalization of $62.34 billion, a price-to-earnings ratio of 49.73, a P/E/G ratio of 0.54 and a beta of 1.13.

NU (NYSE:NU) last issued its quarterly earnings results on Tuesday, May 14th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.58 billion. NU had a return on equity of 22.94% and a net margin of 13.86%. Research analysts predict that Nu Holdings Ltd. will post 0.41 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of NU. GAMMA Investing LLC boosted its holdings 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 in the last quarter. Tennessee Valley Asset Management Partners acquired a new stake in NU in the 4th quarter valued at $52,000. ORG Partners LLC bought a new stake in NU during the 2nd quarter valued at $54,000. Opal Wealth Advisors LLC acquired a new position in NU during the second quarter worth $88,000. Finally, LRI Investments LLC bought a new position in shares of NU in the first quarter valued at $91,000. Institutional investors and hedge funds 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.