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

Nu Holdings Ltd. (NYSE:NU) saw some unusual options trading activity on Friday. Traders acquired 208,043 call options on the stock. Thisrepresentsanincreaseofapproximately229% compared to the typical volume of 63,178 call options.

Institutional Investors Weigh In On NU

Institutional investors and hedge funds have recently bought and sold shares of the stock. Armstrong Advisory Group Inc. purchased a new position in shares of NU during the second quarter worth approximately $27,000. NBC Securities Inc. raised its stake in shares of NU by 286,000.0% during the first quarter. NBC Securities Inc. now owns 2,861 shares of the company’s stock worth $29,000 after acquiring an additional 2,860 shares in the last quarter. Capital Analysts LLC purchased a new position in shares of NU during the first quarter worth approximately $31,000. TFC Financial Management Inc. raised its stake in shares of NU by 74.1% during the first quarter. TFC Financial Management Inc. now owns 3,114 shares of the company’s stock worth $32,000 after acquiring an additional 1,325 shares in the last quarter. Finally, ORG Partners LLC raised its stake in shares of NU by 474.1% during the second quarter. ORG Partners LLC now owns 2,325 shares of the company’s stock worth $32,000 after acquiring an additional 1,920 shares in the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on NU shares. JPMorgan Chase & Co. increased their price target on shares of NU from $14.50 to $16.00 and gave the company an “overweight” rating in a research report on Monday, June 30th. Susquehanna increased their price target on shares of NU from $14.00 to $15.00 and gave the company a “positive” rating in a research report on Wednesday, May 14th. Morgan Stanley restated an “overweight” rating on shares of NU in a research report on Friday, June 13th. Finally, Barclays increased their target price on shares of NU from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Friday, April 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $15.50.

NU Price Performance

NU stock opened at $13.08 on Friday. The firm has a 50 day moving average of $12.76 and a 200-day moving average of $12.16. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.20. NU has a 12 month low of $9.01 and a 12 month high of $16.15. The firm has a market capitalization of $63.03 billion, a P/E ratio of 28.44, a price-to-earnings-growth ratio of 0.68 and a beta of 1.05.

NU (NYSE:NU) last announced its earnings results on Thursday, August 14th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The business had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.78 billion. NU had a net margin of 17.90% and a return on equity of 31.42%. During the same period last year, the firm posted $0.12 earnings per share. As a group, sell-side analysts predict that NU will post 0.58 earnings per share for the current fiscal year.

About NU

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.