NU (NYSE:NU) Shares Down 4.4%

Nu Holdings Ltd. (NYSE:NU)’s share price traded down 4.4% on Monday . The stock traded as low as $12.27 and last traded at $12.32. 2,905,618 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 29,371,477 shares. The stock had previously closed at $12.89.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Jefferies Financial Group increased their price target on shares of NU from $10.80 to $15.20 and gave the company a “buy” rating in a research note on Monday, June 24th. TheStreet raised shares of NU from a “c+” rating to a “b” rating in a research report on Friday, March 8th. KeyCorp increased their price objective on shares of NU from $12.00 to $13.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Susquehanna increased their price objective on shares of NU from $12.00 to $14.00 and gave the stock a “positive” rating in a research report on Wednesday, May 15th. Finally, Barclays began coverage on shares of NU in a research report on Wednesday, June 26th. They set an “overweight” rating and a $15.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, NU presently has a consensus rating of “Moderate Buy” and an average target price of $11.70.

NU Price Performance

The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.40 and a current ratio of 0.40. The company has a market cap of $58.91 billion, a PE ratio of 47.54, a PEG ratio of 0.61 and a beta of 1.14. The company’s 50-day simple moving average is $11.78 and its 200 day simple moving average is $10.76.

NU (NYSE:NU) last issued its quarterly earnings results on Tuesday, May 14th. The company reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. NU had a net margin of 13.86% and a return on equity of 22.94%. The company had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.58 billion. On average, sell-side analysts predict that Nu Holdings Ltd. will post 0.41 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NU

Hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC raised its holdings in shares of NU by 56.2% in the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock valued at $29,000 after purchasing an additional 815 shares in the last quarter. Tennessee Valley Asset Management Partners acquired a new stake in NU during the 4th quarter worth $52,000. UMB Bank n.a. acquired a new stake in NU during the 4th quarter worth $55,000. LRI Investments LLC acquired a new stake in NU during the 1st quarter worth $91,000. Finally, PNC Financial Services Group Inc. raised its stake in NU by 37.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 8,339 shares of the company’s stock worth $60,000 after acquiring an additional 2,258 shares in the last quarter. 80.90% of the stock is currently owned by institutional investors and hedge funds.

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.