NU (NYSE:NU) Stock Price Up 0.1% – Should You Buy?

Nu Holdings Ltd. (NYSE:NU)’s stock price shot up 0.1% during mid-day trading on Thursday . The company traded as high as $10.70 and last traded at $10.41. 23,694,403 shares changed hands during mid-day trading, a decline of 30% from the average session volume of 33,642,242 shares. The stock had previously closed at $10.40.

Analysts Set New Price Targets

NU has been the subject of several recent analyst reports. Susquehanna upped their target price on NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. Itau BBA Securities cut NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. Citigroup cut shares of NU from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $14.60 to $11.00 in a report on Monday, December 2nd. The Goldman Sachs Group upped their price objective on shares of NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Finally, KeyCorp raised their target price on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $15.63.

NU Trading Down 0.7 %

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 firm has a market capitalization of $49.23 billion, a P/E ratio of 28.69, a PEG ratio of 0.59 and a beta of 0.99. The firm has a 50 day simple moving average of $13.78 and a two-hundred day simple moving average of $13.36.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. LRI Investments LLC lifted its position in shares of NU by 3.1% during the 3rd quarter. LRI Investments LLC now owns 24,983 shares of the company’s stock valued at $341,000 after buying an additional 743 shares during the last quarter. Coldstream Capital Management Inc. lifted its holdings in NU by 3.1% during the third quarter. Coldstream Capital Management Inc. now owns 26,517 shares of the company’s stock valued at $362,000 after purchasing an additional 801 shares during the last quarter. Marcum Wealth LLC boosted its position in NU by 2.5% during the third quarter. Marcum Wealth LLC now owns 37,221 shares of the company’s stock worth $508,000 after purchasing an additional 903 shares during the period. Americana Partners LLC increased its stake in shares of NU by 7.8% in the second quarter. Americana Partners LLC now owns 15,449 shares of the company’s stock worth $199,000 after purchasing an additional 1,115 shares in the last quarter. Finally, OneDigital Investment Advisors LLC raised its position in shares of NU by 4.9% in the third quarter. OneDigital Investment Advisors LLC now owns 26,477 shares of the company’s stock valued at $361,000 after purchasing an additional 1,248 shares during the period. Institutional investors own 84.02% of the company’s stock.

NU Company Profile

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.