NU (NYSE:NU) Shares Down 4.5% - Here's What Happened

Nu Holdings Ltd. (NYSE:NU - Get Free Report)'s stock price fell 4.5% during mid-day trading on Thursday . The stock traded as low as $12.07 and last traded at $12.18. 33,233,179 shares traded hands during mid-day trading, a decline of 26% from the average session volume of 44,647,731 shares. The stock had previously closed at $12.76.

Analysts Set New Price Targets

Several brokerages recently issued reports on NU. Susquehanna raised their target price on shares of NU from $14.00 to $15.00 and gave the company a "positive" rating in a research note on Wednesday, May 14th. Barclays raised their target price on shares of NU from $15.00 to $16.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. UBS Group cut their target price on shares of NU from $15.50 to $15.00 and set a "neutral" rating for the company in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. upgraded shares of NU from a "neutral" rating to an "overweight" rating and cut their target price for the company from $14.00 to $13.00 in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, NU currently has an average rating of "Moderate Buy" and an average target price of $15.13.

NU Stock Performance

The stock has a market capitalization of $57.45 billion, a P/E ratio of 29.81, a PEG ratio of 0.48 and a beta of 1.04. 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 company's fifty day simple moving average is $11.95 and its two-hundred day simple moving average is $11.71.

NU (NYSE:NU - Get Free Report) last released its quarterly earnings results on Tuesday, May 13th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.01). NU had a net margin of 17.12% and a return on equity of 30.99%. The company had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same period in the prior year, the company earned $0.09 earnings per share. As a group, equities analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in NU. NBC Securities Inc. increased its holdings 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 worth $29,000 after purchasing an additional 2,860 shares during the period. Capital Analysts LLC bought a new position in shares of NU during the first quarter worth approximately $31,000. TFC Financial Management Inc. increased its holdings in shares of 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 purchasing an additional 1,325 shares during the period. Banque Transatlantique SA bought a new position in shares of NU during the first quarter worth approximately $34,000. Finally, WPG Advisers LLC bought a new position in shares of NU during the first quarter worth approximately $38,000. 84.02% of the stock is 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.