NU (NYSE:NU) Stock Price Up 0.1% – Should You Buy?

Shares of Nu Holdings Ltd. (NYSE:NU) shot up 0.1% during trading on Thursday . The stock traded as high as $10.70 and last traded at $10.41. 23,694,403 shares changed hands during mid-day trading, a decline of 30% from the average session volume of 33,642,242 shares. The stock had previously closed at $10.40.

Analyst Ratings Changes

Several research firms recently weighed in on NU. KeyCorp boosted their target price on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Citigroup cut NU from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $14.60 to $11.00 in a report on Monday, December 2nd. Itau BBA Securities lowered NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. The Goldman Sachs Group increased their price objective on NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Finally, Bank of America lifted their price target on shares of NU from $12.80 to $15.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, NU currently has a consensus rating of “Hold” and a consensus price target of $15.63.

NU Trading Down 0.7 %

The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. The business’s 50-day moving average price is $13.78 and its two-hundred day moving average price is $13.36. The company has a market capitalization of $49.23 billion, a P/E ratio of 28.69, a PEG ratio of 0.59 and a beta of 0.99.

Institutional Investors Weigh In On NU

Large investors have recently made changes to their positions in the stock. Massmutual Trust Co. FSB ADV boosted its holdings in shares of NU by 287.9% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock worth $26,000 after acquiring an additional 1,422 shares during the period. Carolina Wealth Advisors LLC bought a new stake in shares of NU in the third quarter valued at approximately $44,000. Toth Financial Advisory Corp bought a new position in NU during the 3rd quarter worth $55,000. GAMMA Investing LLC raised its holdings in NU by 81.9% in the 3rd quarter. GAMMA Investing LLC now owns 4,119 shares of the company’s stock valued at $56,000 after acquiring an additional 1,855 shares in the last quarter. Finally, Huntington National Bank grew its holdings in shares of NU by 86.3% during the 3rd quarter. Huntington National Bank now owns 4,601 shares of the company’s stock worth $63,000 after purchasing an additional 2,131 shares in the last quarter. Institutional investors own 84.02% of the company’s stock.

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.