NU (NYSE:NU) Trading Up 0.5% – Still a Buy?

Nu Holdings Ltd. (NYSE:NU)’s share price shot up 0.5% during mid-day trading on Friday . The company traded as high as $12.14 and last traded at $12.05. 6,473,198 shares were traded during trading, a decline of 81% from the average session volume of 33,272,563 shares. The stock had previously closed at $11.99.

Analyst Upgrades and Downgrades

NU has been the topic of several analyst reports. JPMorgan Chase & Co. raised their price target on shares of NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. Susquehanna raised their target price on NU from $16.00 to $18.00 and gave the company a “positive” rating in a research report on Thursday, November 14th. Citigroup lowered NU from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $14.60 to $11.00 in a research report on Monday, December 2nd. KeyCorp raised their price target on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Finally, Itau BBA Securities downgraded shares of NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $15.63.

NU Stock Performance

The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $56.91 billion, a PE ratio of 33.17, a P/E/G ratio of 0.61 and a beta of 0.99. The firm’s 50-day moving average price is $13.90 and its two-hundred day moving average price is $13.37.

Hedge Funds Weigh In On NU

Several institutional investors and hedge funds have recently added to or reduced their stakes in NU. LRI Investments LLC boosted its position in shares of NU by 3.1% in the third quarter. LRI Investments LLC now owns 24,983 shares of the company’s stock worth $341,000 after buying an additional 743 shares during the period. Coldstream Capital Management Inc. grew its stake in NU by 3.1% during the 3rd 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 in the last quarter. Marcum Wealth LLC increased its holdings in shares of NU by 2.5% in the 3rd quarter. Marcum Wealth LLC now owns 37,221 shares of the company’s stock valued at $508,000 after purchasing an additional 903 shares during the period. Fortis Capital Management LLC increased its holdings in shares of NU by 6.6% in the 2nd quarter. Fortis Capital Management LLC now owns 17,330 shares of the company’s stock valued at $223,000 after purchasing an additional 1,072 shares during the period. Finally, Americana Partners LLC lifted its position in shares of NU by 7.8% in the second quarter. Americana Partners LLC now owns 15,449 shares of the company’s stock worth $199,000 after purchasing an additional 1,115 shares in the last quarter. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

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.