NU (NYSE:NU) Shares Down 0.9% – Time to Sell?

Nu Holdings Ltd. (NYSE:NU)’s share price dropped 0.9% on Monday . The stock traded as low as $11.55 and last traded at $11.83. Approximately 6,534,179 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 33,225,621 shares. The stock had previously closed at $11.94.

Wall Street Analysts Forecast Growth

NU has been the topic of several research reports. JPMorgan Chase & Co. boosted their price target on shares of NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. KeyCorp boosted their target price on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Itau BBA Securities cut shares of NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. Susquehanna boosted their price target on shares of NU from $16.00 to $18.00 and gave the company a “positive” rating in a report on Thursday, November 14th. Finally, Citigroup lowered NU from a “neutral” rating to a “sell” rating and lowered their target price for the company from $14.60 to $11.00 in a research note on Monday, December 2nd. One investment 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, NU currently has an average rating of “Hold” and an average price target of $15.63.

NU Price Performance

The firm has a market capitalization of $55.95 billion, a P/E ratio of 32.86, 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 company has a fifty day moving average of $13.90 and a 200 day moving average of $13.38.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV boosted its stake 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 in the last quarter. Carolina Wealth Advisors LLC bought a new position in NU in the third quarter worth about $44,000. Toth Financial Advisory Corp purchased a new stake in NU in the third quarter worth $55,000. GAMMA Investing LLC lifted its position in NU by 81.9% during the 3rd quarter. GAMMA Investing LLC now owns 4,119 shares of the company’s stock valued at $56,000 after acquiring an additional 1,855 shares during the period. Finally, Huntington National Bank increased its position in NU by 86.3% during the 3rd quarter. Huntington National Bank now owns 4,601 shares of the company’s stock valued at $63,000 after buying an additional 2,131 shares in the last quarter. 84.02% of the stock is currently owned by hedge funds and other 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.