NU (NYSE:NU) Trading 0.1% Higher - What's Next?

Nu Holdings Ltd. (NYSE:NU - Get Free Report)'s share price was up 0.1% during mid-day trading on Thursday . The company traded as high as $10.70 and last traded at $10.41. Approximately 23,694,403 shares changed hands during mid-day trading, a decline of 30% from the average daily volume of 33,642,242 shares. The stock had previously closed at $10.40.

Analyst Upgrades and Downgrades

Several brokerages have commented on NU. Susquehanna increased their target price on NU from $16.00 to $18.00 and gave the company a "positive" rating in a research note on Thursday, November 14th. The Goldman Sachs Group upped their target price on shares of NU from $17.00 to $19.00 and gave the company a "buy" rating in a report on Thursday, November 14th. Bank of America raised their price objective on NU from $12.80 to $15.00 and gave the stock a "neutral" rating in a research note on Thursday, September 12th. Citigroup cut shares of NU from a "neutral" rating to a "sell" rating and lowered their target price for the company from $14.60 to $11.00 in a research note on Monday, December 2nd. Finally, Itau BBA Securities lowered shares of NU from an "outperform" rating to a "market perform" rating in a report on Thursday, November 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, NU has an average rating of "Hold" and an average price target of $15.63.

NU Price Performance

The firm has a market capitalization of $49.23 billion, a PE ratio of 28.69, a P/E/G ratio of 0.59 and a beta of 0.99. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. The stock has a fifty day moving average price of $13.71 and a 200-day moving average price of $13.34.

Institutional Trading of NU

Several hedge funds have recently modified their holdings of the company. Fisher Asset Management LLC bought a new position in shares of NU during the 3rd quarter worth approximately $98,704,000. Thrivent Financial for Lutherans grew its holdings in NU by 23.2% in the third quarter. Thrivent Financial for Lutherans now owns 257,648 shares of the company's stock worth $3,517,000 after purchasing an additional 48,445 shares during the last quarter. Adero Partners LLC increased its position in shares of NU by 5.7% during the third quarter. Adero Partners LLC now owns 4,819,355 shares of the company's stock worth $65,784,000 after purchasing an additional 259,324 shares in the last quarter. Summit Partners Public Asset Management LLC lifted its holdings in shares of NU by 20.0% during the 3rd quarter. Summit Partners Public Asset Management LLC now owns 300,000 shares of the company's stock valued at $4,095,000 after purchasing an additional 50,000 shares during the last quarter. Finally, Royal London Asset Management Ltd. lifted its holdings in shares of NU by 6.2% during the 3rd quarter. Royal London Asset Management Ltd. now owns 1,305,453 shares of the company's stock valued at $17,819,000 after purchasing an additional 76,009 shares during the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.

About NU

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.