NU (NYSE:NU) Stock Price Up 0.5% – Still a Buy?

Nu Holdings Ltd. (NYSE:NU) shares were up 0.5% during trading on Friday . The stock traded as high as $12.14 and last traded at $12.05. Approximately 6,473,198 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 33,272,563 shares. The stock had previously closed at $11.99.

Analysts Set New Price Targets

Several brokerages recently commented on NU. Bank of America boosted their price target on shares of NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Barclays upped their target price on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Itau BBA Securities lowered shares of NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. increased their price objective on shares of NU from $14.50 to $15.00 and gave the company a “neutral” rating in a report on Monday, August 19th. Finally, Citigroup downgraded 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 report on Monday, December 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $15.63.

NU Stock Performance

The stock has a market cap of $57.33 billion, a PE ratio of 33.47, a PEG ratio of 0.61 and a beta of 0.99. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. The firm has a 50 day moving average of $13.93 and a two-hundred day moving average of $13.36.

Institutional Investors Weigh In On NU

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Massmutual Trust Co. FSB ADV lifted its holdings in shares of NU by 287.9% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock valued at $26,000 after purchasing an additional 1,422 shares during the last quarter. Carolina Wealth Advisors LLC acquired a new stake in shares of NU in the third quarter valued at approximately $44,000. ORG Partners LLC purchased a new position in shares of NU during the second quarter worth approximately $54,000. Toth Financial Advisory Corp acquired a new position in shares of NU in the 3rd quarter valued at $55,000. Finally, GAMMA Investing LLC boosted its stake in NU by 81.9% during the 3rd quarter. GAMMA Investing LLC now owns 4,119 shares of the company’s stock worth $56,000 after purchasing an additional 1,855 shares during the period. 84.02% of the stock is currently owned by institutional investors and hedge funds.

About NU

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.