NU (NYSE:NU) Downgraded to “Sell” Rating by Citigroup

Citigroup downgraded shares of NU (NYSE:NU) from a neutral rating to a sell rating in a report published on Monday, MarketBeat.com reports. They currently have $11.00 price objective on the stock, down from their previous price objective of $14.60.

Other analysts also recently issued reports about the stock. The Goldman Sachs Group boosted their target price on shares of NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Bank of America upped their price objective on shares of NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Susquehanna raised their target price on NU from $16.00 to $18.00 and gave the company a “positive” rating in a report on Thursday, November 14th. Barclays upped their price target on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Finally, Itau BBA Securities downgraded NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, NU currently has an average rating of “Hold” and a consensus target price of $15.63.

NU Stock Down 4.2 %

NYSE:NU opened at $12.00 on Monday. The business’s fifty day moving average price is $14.28 and its 200 day moving average price is $13.37. The firm has a market capitalization of $57.19 billion, a price-to-earnings ratio of 32.75, a PEG ratio of 0.61 and a beta of 1.13. 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 1-year low of $8.06 and a 1-year high of $16.15.

Institutional Trading of NU

A number of large investors have recently added to or reduced their stakes in the company. Atria Investments Inc acquired a new position in NU in the 1st quarter valued at $1,405,000. Cetera Advisors LLC bought a new stake in NU in the 1st quarter valued at about $773,000. Transcend Capital Advisors LLC grew its position in shares of NU by 79.7% during the 2nd quarter. Transcend Capital Advisors LLC now owns 19,095 shares of the company’s stock worth $246,000 after purchasing an additional 8,470 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of NU by 56.2% during the second quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock worth $29,000 after purchasing an additional 815 shares during the period. Finally, First Hawaiian Bank acquired a new stake in shares of NU in the second quarter valued at approximately $852,000. Institutional investors and hedge funds own 80.90% of the company’s stock.

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.