NU (NYSE:NU) Trading Down 1.1% – Time to Sell?

Nu Holdings Ltd. (NYSE:NU)’s stock price traded down 1.1% during trading on Monday . The stock traded as low as $13.65 and last traded at $13.76. 10,133,892 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 32,481,006 shares. The stock had previously closed at $13.91.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on NU shares. Itau BBA Securities cut NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. UBS Group lowered NU from a “buy” rating to a “neutral” rating and set a $13.50 target price on the stock. in a research report on Friday, August 2nd. KeyCorp upped their price target on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Bank of America raised their price objective on shares of NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Finally, The Goldman Sachs Group upped their target price on shares of NU from $17.00 to $19.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.21.

NU Trading Down 2.9 %

The business’s 50-day moving average price is $14.37 and its 200-day moving average price is $13.34. The firm has a market capitalization of $64.48 billion, a PE ratio of 37.58, a price-to-earnings-growth ratio of 0.64 and a beta of 1.13. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Fisher Asset Management LLC purchased a new stake in shares of NU in the third quarter valued at about $98,704,000. Thrivent Financial for Lutherans raised its stake in NU by 23.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 257,648 shares of the company’s stock valued at $3,517,000 after acquiring an additional 48,445 shares during the last quarter. Adero Partners LLC lifted its position in NU by 5.7% during the 3rd quarter. Adero Partners LLC now owns 4,819,355 shares of the company’s stock worth $65,784,000 after acquiring an additional 259,324 shares during the period. Aigen Investment Management LP purchased a new position in shares of NU in the 3rd quarter valued at approximately $814,000. Finally, Principal Financial Group Inc. increased its holdings in shares of NU by 315.8% in the third quarter. Principal Financial Group Inc. now owns 1,153,464 shares of the company’s stock valued at $15,745,000 after purchasing an additional 876,039 shares during the period. 80.90% of the stock is owned by hedge funds and other institutional investors.

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.