NU (NYSE:NU) Shares Down 1.7% – Time to Sell?

Nu Holdings Ltd. (NYSE:NU)’s stock price traded down 1.7% during mid-day trading on Monday . The stock traded as low as $10.18 and last traded at $10.20. 7,773,367 shares changed hands during trading, a decline of 77% from the average session volume of 33,900,473 shares. The stock had previously closed at $10.38.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on NU. The Goldman Sachs Group lifted their price target on NU from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Itau BBA Securities lowered NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. Citigroup cut NU from a “neutral” rating to a “sell” rating and decreased their price target for the company from $14.60 to $11.00 in a research report on Monday, December 2nd. Susquehanna boosted their price objective on shares of NU from $16.00 to $18.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. Finally, Bank of America increased their target price on shares of NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $15.63.

NU Trading Up 1.3 %

The stock’s 50 day simple moving average is $13.48 and its 200 day simple moving average is $13.33. The firm has a market cap of $49.42 billion, a PE ratio of 28.81, a PEG ratio of 0.59 and a beta of 0.99. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NU. Massmutual Trust Co. FSB ADV lifted its stake in NU by 287.9% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock worth $26,000 after purchasing an additional 1,422 shares during the last quarter. Carolina Wealth Advisors LLC purchased a new position in shares of NU during the 3rd quarter valued at about $44,000. Toth Financial Advisory Corp bought a new stake in NU in the 3rd quarter worth approximately $55,000. GAMMA Investing LLC grew its position in NU by 81.9% during the third quarter. GAMMA Investing LLC now owns 4,119 shares of the company’s stock valued at $56,000 after acquiring an additional 1,855 shares during the last quarter. Finally, Huntington National Bank raised its stake in shares of NU by 86.3% during the third quarter. Huntington National Bank now owns 4,601 shares of the company’s stock worth $63,000 after acquiring an additional 2,131 shares in the last quarter. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

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.