Traders Buy High Volume of Call Options on NU (NYSE:NU)

Nu Holdings Ltd. (NYSE:NU) was the target of some unusual options trading activity on Wednesday. Investors acquired 120,385 call options on the company. This is an increase of 106% compared to the average volume of 58,475 call options.

NU Price Performance

NU stock opened at $11.99 on Thursday. The firm has a 50 day moving average price of $11.81 and a 200-day moving average price of $13.15. NU has a 52-week low of $8.51 and a 52-week high of $16.15. The firm has a market capitalization of $57.12 billion, a price-to-earnings ratio of 33.29, a PEG ratio of 0.41 and a beta of 1.05. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Fisher Asset Management LLC purchased a new position in shares of NU in the 3rd quarter worth about $98,704,000. Thrivent Financial for Lutherans raised its holdings in NU by 23.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 257,648 shares of the company’s stock worth $3,517,000 after acquiring an additional 48,445 shares during the last quarter. Adero Partners LLC lifted its holdings in shares of NU by 5.7% during the third quarter. Adero Partners LLC now owns 4,819,355 shares of the company’s stock valued at $65,784,000 after purchasing an additional 259,324 shares in the last quarter. Summit Partners Public Asset Management LLC boosted its position in shares of NU by 20.0% during the third quarter. Summit Partners Public Asset Management LLC now owns 300,000 shares of the company’s stock valued at $4,095,000 after buying an additional 50,000 shares during the last quarter. Finally, Royal London Asset Management Ltd. raised its position in NU by 6.2% in the 3rd quarter. Royal London Asset Management Ltd. now owns 1,305,453 shares of the company’s stock worth $17,819,000 after buying an additional 76,009 shares during the last quarter. Hedge funds and other institutional investors own 84.02% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on NU shares. Citigroup lowered shares of NU from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $14.60 to $11.00 in a report on Monday, December 2nd. KeyCorp increased their price objective on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. The Goldman Sachs Group raised their price target on NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Itau BBA Securities lowered NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. Finally, Susquehanna raised their target price on shares of NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, NU presently has a consensus rating of “Hold” and an average target price of $15.63.

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.