NU Sees Unusually High Options Volume (NYSE:NU)

Nu Holdings Ltd. (NYSE:NU – Get Rating) was the target of some unusual options trading on Wednesday. Stock investors acquired 401,099 put options on the company. This is an increase of 1,807% compared to the average volume of 21,031 put options.

Hedge Funds Weigh In On NU

Hedge funds have recently added to or reduced their stakes in the stock. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of NU in the 4th quarter valued at $26,000. Ridgewood Investments LLC acquired a new stake in shares of NU in the 1st quarter valued at $27,000. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of NU in the 4th quarter valued at $38,000. Newbridge Financial Services Group Inc. boosted its holdings in shares of NU by 166.7% in the 1st quarter. Newbridge Financial Services Group Inc. now owns 8,000 shares of the company’s stock valued at $38,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Delta Investment Management LLC acquired a new stake in shares of NU in the 4th quarter valued at $41,000. Institutional investors own 47.64% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. KeyCorp lifted their price objective on NU from $5.00 to $6.00 and gave the stock an “overweight” rating in a report on Thursday, February 9th. Citigroup lowered NU from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $7.00 to $6.10 in a report on Wednesday, May 17th. Bank of America lifted their price objective on NU from $5.50 to $7.00 in a report on Tuesday, May 16th. Finally, The Goldman Sachs Group decreased their price objective on NU from $9.00 to $8.00 and set a “buy” rating on the stock in a report on Wednesday, March 1st. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $6.51.

NU Stock Performance

Shares of NYSE NU opened at $6.81 on Thursday. The stock has a 50 day moving average price of $5.11 and a 200 day moving average price of $4.61. NU has a 52 week low of $3.26 and a 52 week high of $7.09. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.40 and a current ratio of 0.40. The stock has a market capitalization of $31.97 billion, a PE ratio of -170.25 and a beta of 1.03.

NU (NYSE:NU – Get Rating) last released its quarterly earnings data on Monday, May 15th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. The firm had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.51 billion. NU had a positive return on equity of 6.73% and a negative net margin of 3.21%. Analysts predict that NU will post 0.14 earnings per share for the current fiscal year.

NU Company Profile

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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.