NU Sees Unusually Large Options Volume (NYSE:NU)

Nu Holdings Ltd. (NYSE:NU - Get Free Report) was the recipient of some unusual options trading activity on Friday. Traders purchased 117,160 call options on the stock. This is an increase of 84% compared to the typical daily volume of 63,637 call options.

NU Stock Performance

NU stock traded down $0.97 during trading hours on Friday, hitting $13.02. 91,449,233 shares of the stock were exchanged, compared to its average volume of 50,081,638. 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 has a 12 month low of $9.01 and a 12 month high of $16.15. The firm has a market capitalization of $62.74 billion, a P/E ratio of 30.28, a P/E/G ratio of 0.74 and a beta of 1.07. The company has a 50-day simple moving average of $12.75 and a two-hundred day simple moving average of $12.03.

NU (NYSE:NU - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.01). The firm had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.09 billion. NU had a net margin of 17.88% and a return on equity of 30.77%. During the same period in the previous year, the business posted $0.09 earnings per share. On average, analysts forecast that NU will post 0.58 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Armstrong Advisory Group Inc. purchased a new stake in shares of NU in the 2nd quarter valued at about $27,000. NBC Securities Inc. raised its holdings in shares of NU by 286,000.0% in the 1st quarter. NBC Securities Inc. now owns 2,861 shares of the company's stock valued at $29,000 after acquiring an additional 2,860 shares in the last quarter. Capital Analysts LLC purchased a new stake in shares of NU in the 1st quarter valued at about $31,000. TFC Financial Management Inc. increased its position in shares of NU by 74.1% during the 1st quarter. TFC Financial Management Inc. now owns 3,114 shares of the company's stock valued at $32,000 after purchasing an additional 1,325 shares during the last quarter. Finally, ORG Partners LLC increased its position in shares of NU by 474.1% during the 2nd quarter. ORG Partners LLC now owns 2,325 shares of the company's stock valued at $32,000 after purchasing an additional 1,920 shares during the last quarter. Hedge funds and other institutional investors own 84.02% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NU. 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. JPMorgan Chase & Co. increased their target price on shares of NU from $14.50 to $16.00 and gave the company an "overweight" rating in a research report on Monday, June 30th. Morgan Stanley reiterated an "overweight" rating on shares of NU in a research report on Friday, June 13th. Finally, Susquehanna increased their target price on shares of NU from $14.00 to $15.00 and gave the company a "positive" rating in a research report on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, NU has a consensus rating of "Moderate Buy" and an average target price of $15.50.

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.