NU Target of Unusually High Options Trading (NYSE:NU)

Nu Holdings Ltd. (NYSE:NU) was the target of some unusual options trading activity on Thursday. Investors acquired 202,281 call options on the stock. This is an increase of approximately 428% compared to the average volume of 38,337 call options.

Analyst Upgrades and Downgrades

NU has been the topic of several recent analyst reports. Barclays initiated coverage on shares of NU in a research note on Wednesday, June 26th. They issued an “overweight” rating and a $15.00 target price on the stock. Jefferies Financial Group increased their target price on shares of NU from $10.80 to $15.20 and gave the company a “buy” rating in a research note on Monday, June 24th. KeyCorp lifted their price objective on shares of NU from $12.00 to $13.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Susquehanna boosted their price target on NU from $12.00 to $14.00 and gave the company a “positive” rating in a report on Wednesday, May 15th. Finally, The Goldman Sachs Group upped their target price on NU from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, NU has an average rating of “Moderate Buy” and an average price target of $12.23.

NU Stock Up 0.2 %

NU stock traded up $0.02 during trading hours on Thursday, reaching $13.24. The stock had a trading volume of 18,005,213 shares, compared to its average volume of 29,080,734. The company has a market cap of $63.08 billion, a price-to-earnings ratio of 50.90, a PEG ratio of 0.60 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.40 and a quick ratio of 0.40. The business’s 50 day moving average price is $12.05 and its 200-day moving average price is $10.95. NU has a 52 week low of $6.61 and a 52 week high of $13.41.

NU (NYSE:NU) last issued its quarterly earnings data on Tuesday, May 14th. The company reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. NU had a return on equity of 22.94% and a net margin of 13.86%. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.58 billion. Sell-side analysts anticipate that NU will post 0.41 EPS for the current year.

Institutional Investors Weigh In On NU

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Capital Research Global Investors raised its stake in shares of NU by 15.7% in the first quarter. Capital Research Global Investors now owns 202,618,338 shares of the company’s stock worth $2,417,237,000 after purchasing an additional 27,420,994 shares during the last quarter. Baillie Gifford & Co. increased its holdings in NU by 47.6% in the first quarter. Baillie Gifford & Co. now owns 169,450,124 shares of the company’s stock valued at $2,021,540,000 after buying an additional 54,681,625 shares in the last quarter. WCM Investment Management LLC raised its position in NU by 1,157.4% during the first quarter. WCM Investment Management LLC now owns 99,965,627 shares of the company’s stock worth $1,192,590,000 after acquiring an additional 92,015,719 shares during the period. Jennison Associates LLC raised its position in shares of NU by 32.4% during the 1st quarter. Jennison Associates LLC now owns 87,155,886 shares of the company’s stock worth $1,039,770,000 after purchasing an additional 21,342,814 shares during the last quarter. Finally, Sands Capital Management LLC raised its position in shares of NU by 92.7% during the 4th quarter. Sands Capital Management LLC now owns 85,220,661 shares of the company’s stock worth $709,888,000 after purchasing an additional 40,992,413 shares during the last quarter. 80.90% of the stock is currently owned by hedge funds and other institutional investors.

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.