Stock Traders Buy High Volume of Call Options on NU (NYSE:NU)

Nu Holdings Ltd. (NYSE:NU) saw unusually large options trading on Monday. Traders bought 146,809 call options on the company. This is an increase of approximately 145% compared to the average daily volume of 59,960 call options.

Institutional Trading of NU

Hedge funds have recently modified their holdings of the stock. Baader Bank Aktiengesellschaft increased its stake in shares of NU by 19.6% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 355,332 shares of the company’s stock valued at $3,680,000 after acquiring an additional 58,183 shares in the last quarter. Baillie Gifford & Co. increased its stake in shares of NU by 7.1% in the 4th quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company’s stock valued at $2,330,786,000 after acquiring an additional 14,875,891 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of NU by 5.7% in the 3rd quarter. Franklin Resources Inc. now owns 5,060,504 shares of the company’s stock valued at $74,288,000 after acquiring an additional 271,903 shares in the last quarter. Blankinship & Foster LLC bought a new stake in shares of NU in the 3rd quarter valued at $3,212,000. Finally, Barclays PLC increased its stake in shares of NU by 55.7% in the 3rd quarter. Barclays PLC now owns 1,005,022 shares of the company’s stock valued at $13,718,000 after acquiring an additional 359,733 shares in the last quarter. Institutional investors own 84.02% of the company’s stock.

NU Stock Up 1.1 %

NU stock opened at $12.14 on Tuesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. NU has a 52-week low of $9.01 and a 52-week high of $16.15. The firm has a 50 day moving average price of $10.96 and a two-hundred day moving average price of $12.22. The firm has a market cap of $57.86 billion, a price-to-earnings ratio of 30.35, a PEG ratio of 0.48 and a beta of 1.14.

NU (NYSE:NU) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.12. NU had a net margin of 17.12% and a return on equity of 30.99%. The firm had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.17 billion. Equities analysts predict that NU will post 0.58 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. UBS Group lowered their price target on NU from $15.50 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, February 18th. Barclays boosted their price target on NU from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Friday. Finally, JPMorgan Chase & Co. upgraded shares of NU from a “neutral” rating to an “overweight” rating and dropped their price objective for the company from $14.00 to $13.00 in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, NU presently has an average rating of “Moderate Buy” and an average target price of $15.47.

NU Company Profile

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.