NU Target of Unusually Large Options Trading (NYSE:NU)
Nu Holdings Ltd. (NYSE:NU) experienced a significant increase in options trading activity, with 99,456 call options purchased, a 40% rise from the average. Analysts have varied ratings, with a consensus of "Moderate Buy" and a target price of $17.33. Institutional investors have adjusted their positions, owning 84.02% of the stock. NU's stock rose 1.6% to $15.83, with a market cap of $76.29 billion.
Nu Holdings Ltd. (NYSE:NU - Get Free Report) saw unusually large options trading activity on Friday. Stock traders purchased 99,456 call options on the company. This is an increase of 40% compared to the average daily volume of 71,156 call options.
Wall Street Analyst Weigh In
- Nu Holdings Stock Presses Higher—Breakout on Deck?
A number of research analysts have weighed in on the company. UBS Group upped their target price on NU from $15.60 to $16.00 and gave the stock a "neutral" rating in a report on Thursday, October 16th. Weiss Ratings restated a "hold (c)" rating on shares of NU in a research report on Wednesday, October 8th. Susquehanna increased their price objective on NU from $17.00 to $19.00 and gave the stock a "positive" rating in a report on Friday. Bradesco Corretora raised NU to an "outperform" rating and set a $17.00 price objective for the company in a research report on Monday, August 25th. Finally, Bank of America boosted their target price on shares of NU from $14.00 to $16.00 and gave the company a "neutral" rating in a report on Monday, August 25th. Eight investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, NU has a consensus rating of "Moderate Buy" and a consensus target price of $17.33.
View Our Latest Stock Report on NU
Institutional Inflows and Outflows
- NU Stock: U.S. Bank License May Be the Next Growth Catalyst
Hedge funds and other institutional investors have recently made changes to their positions in the company. Verdence Capital Advisors LLC boosted its position in NU by 1.8% in the third quarter. Verdence Capital Advisors LLC now owns 44,508 shares of the company's stock worth $712,000 after purchasing an additional 804 shares during the last quarter. Focus Partners Advisor Solutions LLC lifted its stake in shares of NU by 5.5% in the 1st quarter. Focus Partners Advisor Solutions LLC now owns 15,974 shares of the company's stock worth $164,000 after purchasing an additional 838 shares during the period. Canvas Wealth Advisors LLC boosted its holdings in shares of NU by 4.9% in the third quarter. Canvas Wealth Advisors LLC now owns 19,087 shares of the company's stock worth $292,000 after buying an additional 900 shares during the last quarter. Covestor Ltd boosted its holdings in shares of NU by 8.2% in the third quarter. Covestor Ltd now owns 12,194 shares of the company's stock worth $195,000 after buying an additional 919 shares during the last quarter. Finally, TD Waterhouse Canada Inc. grew its position in NU by 15.3% during the third quarter. TD Waterhouse Canada Inc. now owns 7,324 shares of the company's stock valued at $128,000 after buying an additional 972 shares during the period. Institutional investors own 84.02% of the company's stock.
NU Stock Up 1.6%
Shares of NYSE NU traded up $0.24 during trading on Friday, reaching $15.83. The company had a trading volume of 82,475,499 shares, compared to its average volume of 53,119,086. NU has a 12-month low of $9.01 and a 12-month high of $16.55. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.24. The business's 50-day moving average is $15.65 and its 200 day moving average is $13.84. The stock has a market cap of $76.29 billion, a PE ratio of 34.42, a P/E/G ratio of 0.83 and a beta of 1.08.
- 5 Surprising Stocks Set to Benefit From a Future Robotics Boom
NU (NYSE:NU - Get Free Report) last posted its quarterly earnings results on Thursday, November 13th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.02. NU had a return on equity of 29.91% and a net margin of 17.90%.The firm had revenue of $4.17 billion during the quarter, compared to analyst estimates of $3.96 billion. As a group, equities analysts forecast that NU will post 0.58 earnings per share for the current fiscal year.
NU Company Profile
(Get Free Report)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.
Read More
- Five stocks we like better than NU
- The 3 Best Fintech Stocks to Buy Now
- If You Wait for the Dip, Micron Technology Could Leave You Behind
- 2 Fintech Stocks to Buy Now and 1 to Avoid
- 3 Stocks Quietly Powering the AI and Tech Revolution
- CD Calculator: Certificate of Deposit Calculator
- Jefferies Tells NVIDIA to Step Aside, Picks Broadcom as Top Semiconductor Stock
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in NU Right Now?
Before you consider NU, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NU wasn't on the list.
While NU currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
