Investors Buy Large Volume of Call Options on NU (NYSE:NU)

Nu Holdings Ltd. (NYSE:NU) was the recipient of some unusual options trading on Monday. Stock traders bought 90,813 call options on the company. This represents an increase of approximately 38% compared to the typical daily volume of 65,828 call options.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. The Goldman Sachs Group boosted their price objective on NU from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. boosted their price objective on NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. Barclays boosted their price objective on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Bank of America upped their price target on NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. Finally, Susquehanna upped their price target on NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research note 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $15.63.

NU Stock Performance

Shares of NU stock traded down $0.53 during trading on Monday, hitting $12.00. The company’s stock had a trading volume of 95,070,813 shares, compared to its average volume of 33,236,258. The company has a market cap of $57.19 billion, a PE ratio of 32.75, a P/E/G ratio of 0.61 and a beta of 1.13. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. The business has a fifty day moving average of $14.28 and a 200-day moving average of $13.37. NU has a 52 week low of $8.06 and a 52 week high of $16.15.

Hedge Funds Weigh In On NU

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of NU by 3.7% in the first quarter. Vanguard Group Inc. now owns 9,593,217 shares of the company’s stock worth $114,447,000 after acquiring an additional 343,114 shares during the period. Atria Investments Inc bought a new position in shares of NU in the first quarter worth $1,405,000. Cetera Advisors LLC bought a new position in shares of NU in the first quarter worth $773,000. Transcend Capital Advisors LLC boosted its holdings in shares of NU by 79.7% in the second quarter. Transcend Capital Advisors LLC now owns 19,095 shares of the company’s stock worth $246,000 after acquiring an additional 8,470 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of NU by 56.2% in the second quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock worth $29,000 after acquiring an additional 815 shares during the period. 80.90% of the stock is owned by institutional investors.

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.