NU (NYSE:NU) Rating Lowered to “Sell” at Citigroup

NU (NYSE:NU) was downgraded by research analysts at Citigroup from a “neutral” rating to a “sell” rating in a research report issued to clients and investors on Monday, Marketbeat Ratings reports. They presently have a $11.00 target price on the stock, down from their prior target price of $14.60. Citigroup’s price target would indicate a potential downside of 5.78% from the company’s current price.

A number of other research firms also recently commented on NU. Itau BBA Securities downgraded NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. upped their price objective on NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. Susquehanna raised their target price on shares of NU from $16.00 to $18.00 and gave the company a “positive” rating in a report on Thursday, November 14th. Bank of America upped their price target on shares of NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Finally, KeyCorp lifted their price objective on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, NU presently has a consensus rating of “Hold” and a consensus price target of $15.63.

NU Stock Performance

NU opened at $11.68 on Monday. The stock has a market capitalization of $55.64 billion, a price-to-earnings ratio of 32.42, a PEG ratio of 0.58 and a beta of 0.99. NU has a fifty-two week low of $8.06 and a fifty-two week high of $16.15. 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 company has a fifty day moving average of $14.23 and a 200 day moving average of $13.37.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Baillie Gifford & Co. lifted its stake in NU by 13.0% in the third quarter. Baillie Gifford & Co. now owns 210,103,451 shares of the company’s stock worth $2,867,912,000 after acquiring an additional 24,140,416 shares during the period. Jennison Associates LLC raised its holdings in shares of NU by 7.1% in the 3rd quarter. Jennison Associates LLC now owns 96,754,946 shares of the company’s stock valued at $1,320,705,000 after purchasing an additional 6,435,526 shares in the last quarter. State Street Corp lifted its position in shares of NU by 105.9% in the 3rd quarter. State Street Corp now owns 78,865,138 shares of the company’s stock worth $1,076,509,000 after purchasing an additional 40,560,986 shares during the period. FMR LLC increased its holdings in NU by 16.4% during the third quarter. FMR LLC now owns 61,801,891 shares of the company’s stock valued at $843,596,000 after buying an additional 8,728,833 shares during the period. Finally, Geode Capital Management LLC increased its holdings in NU by 104.3% during the third quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company’s stock valued at $442,935,000 after buying an additional 16,638,397 shares during the period. Hedge funds and other institutional investors own 80.90% 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.