NU (NYSE:NU) Shares Gap Down – Here’s What Happened

by · The Markets Daily

Nu Holdings Ltd. (NYSE:NU – Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $13.53, but opened at $12.71. NU shares last traded at $12.86, with a volume of 11,109,053 shares.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. Barclays increased their target price on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. KeyCorp boosted their price target on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Bank of America upped their price objective on NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Finally, Susquehanna lifted 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. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $16.21.

View Our Latest Stock Analysis on NU

NU Stock Performance

The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. The stock has a fifty day simple moving average of $14.35 and a two-hundred day simple moving average of $13.34. The firm has a market capitalization of $59.48 billion, a P/E ratio of 34.83, a P/E/G ratio of 0.66 and a beta of 1.13.

Institutional Trading of NU

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of NU by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 9,593,217 shares of the company’s stock worth $114,447,000 after purchasing an additional 343,114 shares in the last quarter. Advisors Asset Management Inc. grew its stake in NU by 34.2% in the first quarter. Advisors Asset Management Inc. now owns 30,314 shares of the company’s stock valued at $362,000 after acquiring an additional 7,717 shares during the period. LRI Investments LLC bought a new stake in shares of NU during the first quarter valued at approximately $91,000. Atria Investments Inc acquired a new position in shares of NU during the first quarter worth approximately $1,405,000. Finally, Cetera Advisors LLC bought a new position in shares of NU in the 1st quarter worth $773,000. Institutional investors and hedge funds own 80.90% of the company’s stock.

About NU

(Get Free Report)

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.

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