NU Target of Unusually High Options Trading (NYSE:NU)

Nu Holdings Ltd. (NYSE:NUGet Free Report) was the target of some unusual options trading on Monday. Stock traders purchased 85,484 call options on the stock. This is an increase of 191% compared to the average volume of 29,420 call options.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in NU. Huntington National Bank grew its position in shares of NU by 1,232.5% during the third quarter. Huntington National Bank now owns 4,144 shares of the company’s stock valued at $30,000 after purchasing an additional 3,833 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of NU by 37.0% during the second quarter. PNC Financial Services Group Inc. now owns 6,081 shares of the company’s stock valued at $48,000 after purchasing an additional 1,641 shares in the last quarter. Prudential Financial Inc. purchased a new position in shares of NU during the first quarter valued at about $48,000. Evergreen Capital Management LLC purchased a new position in shares of NU during the fourth quarter valued at about $48,000. Finally, WASHINGTON TRUST Co purchased a new position in shares of NU during the third quarter valued at about $49,000. Hedge funds and other institutional investors own 53.73% of the company’s stock.

NU Trading Down 0.2 %

Shares of NU stock opened at $9.87 on Tuesday. NU has a 52-week low of $4.13 and a 52-week high of $9.96. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.31 and a current ratio of 0.31. The firm has a market capitalization of $46.34 billion, a PE ratio of 123.39 and a beta of 0.93. The stock has a fifty day simple moving average of $8.76 and a two-hundred day simple moving average of $8.06.

NU (NYSE:NUGet Free Report) last issued its quarterly earnings results on Tuesday, November 14th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. The business had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.06 billion. NU had a return on equity of 16.21% and a net margin of 5.26%. On average, analysts predict that NU will post 0.24 EPS for the current fiscal year.

Analyst Ratings Changes

NU has been the topic of several research analyst reports. UBS Group increased their price target on NU from $10.50 to $11.50 and gave the company a “buy” rating in a report on Monday, January 29th. Susquehanna upped their price objective on NU from $10.00 to $11.00 and gave the stock a “positive” rating in a research note on Wednesday, November 15th. KeyCorp upped their price objective on NU from $9.00 to $10.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 18th. Jefferies Financial Group began coverage on NU in a research note on Monday, October 16th. They issued a “buy” rating and a $10.80 price objective for the company. Finally, TheStreet lowered NU from a “b-” rating to a “c” rating in a research note on Friday, January 12th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $9.40.

View Our Latest Stock Report on NU

NU Company Profile

(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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