NU (NYSE:NU) Stock Price Up 1.8% - Time to Buy?

Nu Holdings Ltd. (NYSE:NU - Get Free Report) rose 1.8% on Thursday . The stock traded as high as $12.29 and last traded at $12.21. Approximately 9,559,766 shares were traded during trading, a decline of 71% from the average daily volume of 33,289,531 shares. The stock had previously closed at $12.00.

Wall Street Analyst Weigh In

Several research firms have recently commented on NU. 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 reduced their price objective for the stock from $14.60 to $11.00 in a research note on Monday. Itau BBA Securities downgraded shares of NU from an "outperform" rating to a "market perform" rating in a report on Thursday, November 14th. Barclays raised their price target on NU from $15.00 to $17.00 and gave the company an "overweight" rating in a report on Friday, August 16th. Finally, The Goldman Sachs Group upped their price objective on NU from $17.00 to $19.00 and gave the stock a "buy" rating in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $15.63.

NU Trading Up 1.0 %

The stock's fifty day moving average is $14.11 and its 200 day moving average is $13.36. 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 market cap of $57.76 billion, a P/E ratio of 33.92, a P/E/G ratio of 0.57 and a beta of 0.99.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV raised its position in NU by 287.9% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company's stock worth $26,000 after purchasing an additional 1,422 shares during the period. GAMMA Investing LLC boosted its holdings in NU by 56.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company's stock valued at $29,000 after acquiring an additional 815 shares during the period. Carolina Wealth Advisors LLC bought a new position in NU in the 3rd quarter valued at $44,000. Toth Financial Advisory Corp purchased a new stake in NU in the third quarter worth $55,000. Finally, ORG Partners LLC bought a new stake in shares of NU during the second quarter worth $54,000. Institutional investors own 80.90% of the company's stock.

NU Company Profile

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.

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