NU Target of Unusually Large Options Trading (NYSE:NU)

Nu Holdings Ltd. (NYSE:NU - Get Free Report) saw unusually large options trading on Monday. Traders bought 146,809 call options on the company. This represents an increase of 145% compared to the average volume of 59,960 call options.

Wall Street Analysts Forecast Growth

NU has been the subject of a number of research analyst reports. UBS Group dropped their price target on NU from $15.50 to $15.00 and set a "neutral" rating for the company in a research report on Tuesday, February 18th. Barclays lifted their target price on shares of NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a research report on Friday. Finally, JPMorgan Chase & Co. raised shares of NU from a "neutral" rating to an "overweight" rating and reduced their price target for the company from $14.00 to $13.00 in a report 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. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $15.47.

Institutional Trading of NU

Hedge funds have recently added to or reduced their stakes in the business. OneAscent Wealth Management LLC raised its holdings in NU by 6.5% in the fourth quarter. OneAscent Wealth Management LLC now owns 12,481 shares of the company's stock valued at $129,000 after buying an additional 760 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of NU by 1.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 69,110 shares of the company's stock worth $716,000 after acquiring an additional 1,000 shares in the last quarter. Arkfeld Wealth Strategies L.L.C. raised its stake in shares of NU by 2.0% in the 4th quarter. Arkfeld Wealth Strategies L.L.C. now owns 52,245 shares of the company's stock valued at $579,000 after acquiring an additional 1,000 shares during the period. Blue Trust Inc. lifted its holdings in shares of NU by 4.9% during the 4th quarter. Blue Trust Inc. now owns 21,784 shares of the company's stock valued at $226,000 after acquiring an additional 1,011 shares in the last quarter. Finally, Perigon Wealth Management LLC boosted its position in NU by 8.4% during the 1st quarter. Perigon Wealth Management LLC now owns 14,641 shares of the company's stock worth $150,000 after purchasing an additional 1,136 shares during the period. 84.02% of the stock is owned by institutional investors and hedge funds.

NU Trading Up 1.1 %

Shares of NYSE:NU traded up $0.13 during trading on Monday, reaching $12.14. The stock had a trading volume of 53,317,241 shares, compared to its average volume of 40,933,943. NU has a fifty-two week low of $9.01 and a fifty-two week high of $16.15. The business has a fifty day moving average price of $10.98 and a 200-day moving average price of $12.23. The stock has a market cap of $57.86 billion, a P/E ratio of 30.35, a PEG ratio of 0.48 and a beta of 1.14. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20.

NU (NYSE:NU - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, hitting analysts' consensus estimates of $0.12. The company had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.17 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. As a group, analysts anticipate that NU will post 0.58 earnings per share for the current fiscal year.

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.

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