NU Sees Unusually High Options Volume (NYSE:NU)

Nu Holdings Ltd. (NYSE:NU) was the recipient of unusually large options trading on Friday. Traders acquired 120,565 call options on the stock. This is an increase of approximately 76% compared to the average volume of 68,679 call options.

Institutional Investors Weigh In On NU

Hedge funds have recently modified their holdings of the company. Fisher Asset Management LLC acquired a new stake in shares of NU during the 3rd quarter valued at $98,704,000. Thrivent Financial for Lutherans boosted its holdings in shares of 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 in the last quarter. Adero Partners LLC boosted its holdings in shares of NU by 5.7% during the 3rd quarter. Adero Partners LLC now owns 4,819,355 shares of the company’s stock valued at $65,784,000 after acquiring an additional 259,324 shares in the last quarter. Baader Bank Aktiengesellschaft raised its position in NU by 19.6% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 355,332 shares of the company’s stock worth $3,680,000 after purchasing an additional 58,183 shares during the last quarter. Finally, Summit Partners Public Asset Management LLC raised its position in NU by 20.0% during the 3rd quarter. Summit Partners Public Asset Management LLC now owns 300,000 shares of the company’s stock worth $4,095,000 after purchasing an additional 50,000 shares during the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Stock Performance

NYSE NU opened at $11.75 on Friday. NU has a fifty-two week low of $9.67 and a fifty-two week high of $16.15. The stock has a market cap of $55.98 billion, a PE ratio of 29.36, a PEG ratio of 0.48 and a beta of 1.14. 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’s fifty day moving average price is $12.00 and its two-hundred day moving average price is $12.96.

NU (NYSE:NU) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. NU had a return on equity of 30.99% and a net margin of 17.12%. The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.17 billion. On average, equities analysts expect that NU will post 0.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

NU has been the topic of several recent analyst reports. Barclays lowered their price target on NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a research report on Monday, February 24th. UBS Group decreased their target price on NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. JPMorgan Chase & Co. decreased their target price on NU from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Monday, February 24th. Finally, Citigroup lowered NU from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $14.60 to $11.00 in a report on Monday, December 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $15.47.

About NU

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.