NU (NYSE:NU) Shares Down 5.3% - Should You Sell?

Nu Holdings Ltd. (NYSE:NU - Get Free Report)'s stock price dropped 5.3% on Thursday . The company traded as low as $12.96 and last traded at $12.92. Approximately 14,492,197 shares changed hands during trading, a decline of 74% from the average daily volume of 56,140,066 shares. The stock had previously closed at $13.64.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on NU shares. Barclays upped their price target on shares of NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. Morgan Stanley restated an "overweight" rating on shares of NU in a research report on Friday, June 13th. 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. Finally, JPMorgan Chase & Co. upped their price target on shares of NU from $14.50 to $16.00 and gave the stock an "overweight" rating in a research report on Monday, June 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, NU has a consensus rating of "Moderate Buy" and an average price target of $15.50.

NU Stock Down 4.4%

The stock's 50-day moving average is $12.65 and its 200-day moving average is $11.90. The stock has a market cap of $62.86 billion, a P/E ratio of 30.34, a price-to-earnings-growth ratio of 0.78 and a beta of 1.07. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.20.

NU (NYSE:NU - Get Free Report) last announced its earnings results on Tuesday, May 13th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.01). The company had revenue of $3.25 billion during the quarter, compared to the consensus estimate 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 company earned $0.09 EPS. As a group, research analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NU

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. OneAscent Wealth Management LLC boosted its position in shares of NU by 6.5% during the 4th quarter. OneAscent Wealth Management LLC now owns 12,481 shares of the company's stock valued at $129,000 after purchasing an additional 760 shares in the last quarter. Focus Partners Advisor Solutions LLC boosted its position in shares of NU by 5.5% during the 1st quarter. Focus Partners Advisor Solutions LLC now owns 15,974 shares of the company's stock valued at $164,000 after purchasing an additional 838 shares in the last quarter. Perigon Wealth Management LLC boosted its position in shares of NU by 8.4% during the 1st quarter. Perigon Wealth Management LLC now owns 14,641 shares of the company's stock valued at $150,000 after purchasing an additional 1,136 shares in the last quarter. Quarry LP boosted its position in shares of NU by 15.3% during the 4th quarter. Quarry LP now owns 9,095 shares of the company's stock valued at $94,000 after purchasing an additional 1,205 shares in the last quarter. Finally, Richards Merrill & Peterson Inc. boosted its position in shares of NU by 43.6% during the 1st quarter. Richards Merrill & Peterson Inc. now owns 4,115 shares of the company's stock valued at $42,000 after purchasing an additional 1,250 shares in the last quarter. Institutional investors own 84.02% of the company's stock.

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.