NU (NYSE:NU) Shares Down 5.4% - Time to Sell?

Nu Holdings Ltd. (NYSE:NU - Get Free Report)'s stock price traded down 5.4% during trading on Friday . The stock traded as low as $13.17 and last traded at $13.24. 49,625,641 shares traded hands during trading, a decline of 15% from the average session volume of 58,295,488 shares. The stock had previously closed at $13.99.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on NU shares. Susquehanna upped their price target on shares of NU from $14.00 to $15.00 and gave the stock a "positive" rating in a research report on Wednesday, May 14th. JPMorgan Chase & Co. lifted their price target on NU from $14.50 to $16.00 and gave the company an "overweight" rating in a report on Monday, June 30th. Barclays increased their price objective on NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. Finally, Morgan Stanley restated an "overweight" rating on shares of NU in a research report on Friday, June 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six 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 $15.50.

NU Stock Down 6.9%

The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.20. The company has a market cap of $62.74 billion, a price-to-earnings ratio of 30.28, a P/E/G ratio of 0.79 and a beta of 1.07. The business has a fifty day moving average price of $12.74 and a two-hundred day moving average price of $12.00.

NU (NYSE:NU - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.01). The firm had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.09 billion. NU had a net margin of 17.88% and a return on equity of 30.77%. During the same quarter in the prior year, the firm earned $0.09 earnings per share. On average, equities analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Institutional Investors Weigh In On NU

A number of hedge funds have recently bought and sold shares of NU. Armstrong Advisory Group Inc. bought a new stake in NU in the 2nd quarter valued at $27,000. NBC Securities Inc. raised its position in shares of NU by 286,000.0% during the first quarter. NBC Securities Inc. now owns 2,861 shares of the company's stock valued at $29,000 after buying an additional 2,860 shares during the last quarter. Capital Analysts LLC bought a new stake in shares of NU in the first quarter valued at about $31,000. TFC Financial Management Inc. grew its position in NU by 74.1% during the first quarter. TFC Financial Management Inc. now owns 3,114 shares of the company's stock worth $32,000 after buying an additional 1,325 shares in the last quarter. Finally, ORG Partners LLC increased its stake in NU by 474.1% during the second quarter. ORG Partners LLC now owns 2,325 shares of the company's stock valued at $32,000 after acquiring an additional 1,920 shares during the period. 84.02% of the stock is currently owned by institutional investors.

About NU

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.

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