NU (NYSE:NU) Reaches New 52-Week Low - What's Next?

Nu Holdings Ltd. (NYSE:NU - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $9.44 and last traded at $9.52, with a volume of 10171480 shares traded. The stock had previously closed at $10.27.

Analyst Ratings Changes

NU has been the topic of a number of research reports. UBS Group lowered their price target on NU from $15.50 to $15.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 18th. JPMorgan Chase & Co. raised NU from a "neutral" rating to an "overweight" rating and decreased their price objective for the company from $14.00 to $13.00 in a report on Tuesday. Finally, Barclays cut their target price on NU from $17.00 to $15.00 and set an "overweight" rating for the company in a research note on Monday, February 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $15.36.

NU Stock Up 9.5 %

The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. The stock has a 50 day simple moving average of $11.71 and a 200 day simple moving average of $12.50. The firm has a market capitalization of $52.04 billion, a PE ratio of 27.30, a PEG ratio of 0.48 and a beta of 1.14.

NU (NYSE:NU - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.12 EPS for the quarter, hitting the consensus estimate of $0.12. The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.17 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. As a group, sell-side analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Institutional Trading of NU

Large investors have recently modified their holdings of the business. Baillie Gifford & Co. lifted its holdings in NU by 7.1% in the 4th quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company's stock worth $2,330,786,000 after buying an additional 14,875,891 shares during the period. Norges Bank bought a new position in shares of NU during the fourth quarter valued at approximately $447,762,000. Geode Capital Management LLC lifted its stake in NU by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 33,777,551 shares of the company's stock worth $348,774,000 after acquiring an additional 1,179,748 shares during the period. Northern Trust Corp boosted its holdings in NU by 45.1% in the fourth quarter. Northern Trust Corp now owns 25,496,091 shares of the company's stock valued at $264,140,000 after acquiring an additional 7,930,598 shares in the last quarter. Finally, Ribbit Management Company LLC increased its position in NU by 22.1% during the 4th quarter. Ribbit Management Company LLC now owns 25,243,753 shares of the company's stock valued at $261,525,000 after purchasing an additional 4,575,000 shares during the period. 84.02% of the stock is owned by institutional investors.

NU Company Profile

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.