Nu Holdings Ltd. (NYSE:NU – Get Rating) saw unusually large options trading on Thursday. Investors acquired 30,917 put options on the stock. This is an increase of approximately 21% compared to the average daily volume of 25,494 put options.
NU Trading Down 3.4 %
NYSE:NU opened at $3.93 on Friday. The business has a 50 day moving average of $4.48 and a 200 day moving average of $4.40. NU has a 1-year low of $3.26 and a 1-year high of $11.85. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.37 and a current ratio of 0.37.
Wall Street Analyst Weigh In
A number of research firms have weighed in on NU. The Goldman Sachs Group reduced their target price on NU from $11.00 to $9.50 and set a “buy” rating for the company in a report on Tuesday. JPMorgan Chase & Co. raised NU from an “underweight” rating to a “neutral” rating in a report on Thursday. Finally, Credit Suisse Group began coverage on NU in a report on Wednesday, November 9th. They set an “outperform” rating and a $6.50 target price for the company. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $9.69.
Institutional Trading of NU
Hedge funds have recently bought and sold shares of the company. Allen Capital Group LLC bought a new stake in NU in the 1st quarter worth approximately $81,000. AMG National Trust Bank bought a new stake in NU in the second quarter valued at approximately $102,000. Commonwealth Equity Services LLC lifted its position in NU by 69.1% in the first quarter. Commonwealth Equity Services LLC now owns 45,999 shares of the company’s stock valued at $355,000 after purchasing an additional 18,789 shares during the last quarter. Dynamo Internacional Gestao DE Recursos LTDA. lifted its position in NU by 269.5% in the second quarter. Dynamo Internacional Gestao DE Recursos LTDA. now owns 14,633,351 shares of the company’s stock valued at $54,729,000 after purchasing an additional 10,672,953 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new stake in NU in the second quarter valued at approximately $160,000. Institutional investors own 48.09% of the company’s stock.
Nu Holdings Ltd. operates as a digital financial services platform and technology company primarily in Brazil, Mexico, and Colombia. 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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