NU (NYSE:NU) Stock Price Down 5.3% - What's Next?

Shares of Nu Holdings Ltd. (NYSE:NU - Get Free Report) traded down 5.3% during trading on Thursday . The stock traded as low as $12.96 and last traded at $12.92. 14,492,197 shares were traded during trading, a decline of 74% from the average session volume of 56,140,066 shares. The stock had previously closed at $13.64.

Analyst Ratings Changes

Several brokerages recently weighed in on NU. Morgan Stanley restated an "overweight" rating on shares of NU in a research note on Friday, June 13th. Barclays raised their price objective on shares of NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. JPMorgan Chase & Co. boosted their price target on shares of NU from $14.50 to $16.00 and gave the stock an "overweight" rating in a report on Monday, June 30th. Finally, Susquehanna lifted their target price on shares of NU from $14.00 to $15.00 and gave the stock a "positive" rating in a research note on Wednesday, May 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $15.50.

NU Price Performance

The company has a debt-to-equity ratio of 0.20, a current ratio of 0.54 and a quick ratio of 0.54. The company has a market capitalization of $62.09 billion, a PE ratio of 30.01, a price-to-earnings-growth ratio of 0.77 and a beta of 1.07. The stock's 50 day simple moving average is $12.64 and its 200-day simple moving average is $11.88.

NU (NYSE:NU - Get Free Report) last issued its quarterly 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 business had revenue of $3.25 billion for the quarter, compared to analysts' expectations of $3.09 billion. NU had a return on equity of 30.77% and a net margin of 17.88%. During the same quarter last year, the company earned $0.09 earnings per share. As a group, equities analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Institutional Trading of NU

A number of large investors have recently made changes to their positions in NU. Norges Bank purchased a new stake in shares of NU during the fourth quarter worth approximately $447,762,000. Baillie Gifford & Co. increased its stake in NU by 17.9% in the first quarter. Baillie Gifford & Co. now owns 265,160,474 shares of the company's stock valued at $2,715,243,000 after purchasing an additional 40,181,132 shares during the last quarter. Nuveen LLC purchased a new position in NU in the first quarter valued at approximately $221,317,000. Arrowstreet Capital Limited Partnership increased its stake in NU by 2,193.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 18,109,184 shares of the company's stock valued at $187,611,000 after purchasing an additional 17,319,681 shares during the last quarter. Finally, D1 Capital Partners L.P. purchased a new position in NU in the fourth quarter valued at approximately $154,209,000. 84.02% of the stock is currently owned by hedge funds and other 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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