Traders Purchase High Volume of Call Options on NU (NYSE:NU)

Nu Holdings Ltd. (NYSE:NU - Get Free Report) was the target of some unusual options trading on Tuesday. Stock traders acquired 141,359 call options on the company. This represents an increase of approximately 114% compared to the average daily volume of 66,080 call options.

NU Trading Down 1.3%

Shares of NU stock traded down $0.18 during trading hours on Friday, hitting $13.22. The company had a trading volume of 81,062,076 shares, compared to its average volume of 46,923,921. 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 stock has a market capitalization of $63.68 billion, a PE ratio of 30.73, a price-to-earnings-growth ratio of 0.76 and a beta of 1.04. The company's fifty day moving average is $12.30 and its 200 day moving average is $11.74. NU has a fifty-two week low of $9.01 and a fifty-two week high of $16.15.

NU (NYSE:NU - Get Free Report) last released 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 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. Research analysts expect that NU will post 0.58 earnings per share for the current fiscal year.

Institutional Trading of NU

Hedge funds and other institutional investors have recently bought and sold shares of the business. Baillie Gifford & Co. raised its position in shares of NU by 17.9% during the 1st quarter. Baillie Gifford & Co. now owns 265,160,474 shares of the company's stock worth $2,715,243,000 after acquiring an additional 40,181,132 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in NU by 24.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 54,435,568 shares of the company's stock worth $557,422,000 after purchasing an additional 10,785,851 shares in the last quarter. Norges Bank purchased a new stake in shares of NU during the 4th quarter worth approximately $447,762,000. Geode Capital Management LLC boosted its holdings in shares of NU by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 33,777,551 shares of the company's stock valued at $348,774,000 after buying an additional 1,179,748 shares in the last quarter. Finally, Kontiki Capital Management HK Ltd. boosted its holdings in shares of NU by 54.3% in the 1st quarter. Kontiki Capital Management HK Ltd. now owns 32,575,725 shares of the company's stock valued at $333,575,000 after buying an additional 11,465,700 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NU has been the topic of several analyst reports. Morgan Stanley restated an "overweight" rating on shares of NU in a research report on Friday, June 13th. JPMorgan Chase & Co. upgraded NU from a "neutral" rating to an "overweight" rating and cut their price target for the company from $14.00 to $13.00 in a research note on Tuesday, April 8th. Barclays upped their price target on NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. Finally, Susquehanna raised their price objective on NU from $14.00 to $15.00 and gave the company a "positive" rating in a report on Wednesday, May 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $15.13.

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.