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

Nu Holdings Ltd. (NYSE:NU) saw unusually large options trading activity on Friday. Stock traders acquired 120,565 call options on the stock. This represents an increase of 76% compared to the average volume of 68,679 call options.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on shares of NU from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Monday, February 24th. Citigroup lowered shares of NU from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $14.60 to $11.00 in a research note on Monday, December 2nd. Barclays lowered their price objective on shares of NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a research note on Monday, February 24th. Finally, UBS Group lowered their price objective on shares of NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 18th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, NU presently has a consensus rating of “Hold” and a consensus price target of $15.47.

NU Stock Up 9.3 %

Shares of NU opened at $11.75 on Friday. NU has a 52 week low of $9.67 and a 52 week high of $16.15. The firm has a market cap of $55.98 billion, a P/E ratio of 29.36, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. The firm’s 50-day simple moving average is $12.00 and its 200 day simple moving average is $12.98. 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 (NYSE:NU) last announced its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $3.17 billion. On average, analysts forecast that NU will post 0.58 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Fisher Asset Management LLC acquired a new position in shares of NU during the 3rd quarter worth approximately $98,704,000. Thrivent Financial for Lutherans grew its position in shares of NU by 23.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 257,648 shares of the company’s stock worth $3,517,000 after purchasing an additional 48,445 shares in the last quarter. Adero Partners LLC grew its position in shares of NU by 5.7% during the 3rd quarter. Adero Partners LLC now owns 4,819,355 shares of the company’s stock worth $65,784,000 after purchasing an additional 259,324 shares in the last quarter. Baader Bank Aktiengesellschaft grew its position in shares of NU by 19.6% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 355,332 shares of the company’s stock worth $3,680,000 after purchasing an additional 58,183 shares in the last quarter. Finally, Summit Partners Public Asset Management LLC lifted its holdings in shares of NU by 20.0% during the 3rd quarter. Summit Partners Public Asset Management LLC now owns 300,000 shares of the company’s stock worth $4,095,000 after acquiring an additional 50,000 shares during the period. Institutional investors and hedge funds own 84.02% of the company’s stock.

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.