Investors Purchase Large Volume of Put Options on NU (NYSE:NU)

Nu Holdings Ltd. (NYSE:NU) was the target of unusually large options trading on Tuesday. Traders bought 78,085 put options on the company. This is an increase of approximately 22% compared to the typical volume of 63,966 put options.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Bank of America increased their price target on NU from $12.80 to $15.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. UBS Group lowered NU from a “buy” rating to a “neutral” rating and set a $13.50 price target for the company. in a report on Friday, August 2nd. JPMorgan Chase & Co. lifted their price target on shares of NU from $14.50 to $15.00 and gave the company a “neutral” rating in a report on Monday, August 19th. Barclays raised their price objective on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Finally, The Goldman Sachs Group raised their price target on 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 issued a buy rating to the company’s stock. According to data from MarketBeat, NU has an average rating of “Moderate Buy” and a consensus price target of $16.21.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of NU. Adero Partners LLC raised its position in NU by 5.7% in the 3rd quarter. Adero Partners LLC now owns 4,819,355 shares of the company’s stock worth $65,784,000 after purchasing an additional 259,324 shares during the period. Aigen Investment Management LP bought a new stake in shares of NU during the 3rd quarter worth approximately $814,000. Principal Financial Group Inc. boosted its holdings in NU by 315.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,153,464 shares of the company’s stock valued at $15,745,000 after acquiring an additional 876,039 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of NU by 1,074.6% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 131,136 shares of the company’s stock worth $1,790,000 after purchasing an additional 119,972 shares during the last quarter. Finally, Public Investment Fund grew its holdings in shares of NU by 223.1% in the second quarter. Public Investment Fund now owns 3,802,480 shares of the company’s stock worth $49,014,000 after purchasing an additional 2,625,500 shares during the last quarter. 80.90% of the stock is owned by hedge funds and other institutional investors.

NU Price Performance

Shares of NU stock opened at $13.32 on Thursday. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. NU has a 12 month low of $8.04 and a 12 month high of $16.15. The stock has a 50 day moving average of $14.45 and a 200 day moving average of $13.27. The firm has a market cap of $63.46 billion, a PE ratio of 36.99, a PEG ratio of 0.64 and a beta of 1.13.

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.