Investors Buy High Volume of NU Call Options (NYSE:NU)

Nu Holdings Ltd. (NYSE:NU) was the recipient of some unusual options trading on Wednesday. Traders bought 96,740 call options on the stock. This is an increase of approximately 72% compared to the average daily volume of 56,124 call options.

NU Trading Up 0.8%

Shares of NU opened at $17.31 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.56 and a current ratio of 0.56. The firm has a market cap of $83.41 billion, a price-to-earnings ratio of 33.94, a PEG ratio of 0.56 and a beta of 1.08. NU has a 52-week low of $9.01 and a 52-week high of $18.98. The business’s fifty day moving average is $17.17 and its 200-day moving average is $15.94.

Institutional Trading of NU

Institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new stake in NU during the second quarter worth approximately $626,569,000. Lone Pine Capital LLC bought a new position in shares of NU during the 3rd quarter worth approximately $406,757,000. Jennison Associates LLC increased its stake in shares of NU by 82.6% in the 4th quarter. Jennison Associates LLC now owns 39,370,791 shares of the company’s stock valued at $659,067,000 after acquiring an additional 17,809,644 shares in the last quarter. Atmos Capital Gestao DE Recursos LTDA. lifted its position in shares of NU by 109.1% during the 4th quarter. Atmos Capital Gestao DE Recursos LTDA. now owns 29,813,810 shares of the company’s stock valued at $499,083,000 after acquiring an additional 15,552,726 shares during the period. Finally, Marshall Wace LLP boosted its stake in NU by 98.4% during the third quarter. Marshall Wace LLP now owns 29,141,505 shares of the company’s stock worth $466,555,000 after acquiring an additional 14,449,834 shares in the last quarter. Institutional investors own 84.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on NU. Weiss Ratings upgraded NU from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday. JPMorgan Chase & Co. raised their price objective on shares of NU from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Thursday, November 20th. UBS Group boosted their price objective on shares of NU from $16.00 to $18.40 and gave the company a “neutral” rating in a report on Thursday, December 4th. Susquehanna upped their price objective on NU from $19.00 to $22.00 and gave the stock a “positive” rating in a research report on Tuesday, January 27th. Finally, KeyCorp increased their price target on shares of NU from $15.00 to $19.00 and gave the company an “overweight” rating in a research note on Friday, November 14th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $18.34.

NU Company Profile

Nu Holdings Ltd (NYSE: NU), commonly known by its consumer brand Nubank, is a Latin American financial technology company that provides digital banking and financial services through a mobile-first platform. The company’s core offerings include no-fee digital checking accounts, credit cards, personal loans, payments and transfers, and a range of savings and investment products. Nubank emphasizes a streamlined customer experience delivered via its smartphone app, combined with data-driven underwriting and automated customer service tools.

Founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nu grew rapidly by targeting underbanked and digitally savvy consumers in Latin America with low-fee, transparent products.