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

Nu Holdings Ltd. (NYSE:NU) was the recipient of some unusual options trading on Monday. Traders bought 63,886 call options on the company. This represents an increase of 47% compared to the average daily volume of 43,399 call options.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in NU. Stokes Family Office LLC lifted its holdings in NU by 10.0% during the 1st quarter. Stokes Family Office LLC now owns 11,000 shares of the company’s stock valued at $131,000 after buying an additional 1,000 shares in the last quarter. Yousif Capital Management LLC increased its position in shares of NU by 5.5% during the fourth quarter. Yousif Capital Management LLC now owns 24,192 shares of the company’s stock worth $202,000 after acquiring an additional 1,261 shares during the period. Precision Wealth Strategies LLC raised its stake in shares of NU by 3.2% during the first quarter. Precision Wealth Strategies LLC now owns 41,497 shares of the company’s stock valued at $495,000 after acquiring an additional 1,303 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of NU by 10.1% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 14,550 shares of the company’s stock valued at $121,000 after purchasing an additional 1,330 shares during the period. Finally, O Shaughnessy Asset Management LLC grew its stake in NU by 4.2% in the third quarter. O Shaughnessy Asset Management LLC now owns 33,583 shares of the company’s stock worth $243,000 after purchasing an additional 1,364 shares in the last quarter. 80.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Susquehanna increased their price objective on shares of NU from $12.00 to $14.00 and gave the company a “positive” rating in a research report on Wednesday, May 15th. Jefferies Financial Group increased their price target on shares of NU from $10.80 to $15.20 and gave the company a “buy” rating in a report on Monday. TheStreet raised NU from a “c+” rating to a “b” rating in a research note on Friday, March 8th. Finally, KeyCorp raised their price objective on NU from $12.00 to $13.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $11.29.

NU Stock Down 3.1 %

Shares of NYSE:NU opened at $11.87 on Tuesday. The firm has a market capitalization of $56.55 billion, a PE ratio of 45.63, a price-to-earnings-growth ratio of 0.57 and a beta of 1.13. The business has a 50 day simple moving average of $11.55 and a two-hundred day simple moving average of $10.57. NU has a 1 year low of $6.61 and a 1 year high of $12.97. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.40 and a quick ratio of 0.40.

NU (NYSE:NU) last posted its quarterly earnings data on Tuesday, May 14th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.09. NU had a return on equity of 22.94% and a net margin of 13.86%. The company had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.58 billion. On average, equities analysts predict that NU will post 0.41 EPS for the current year.

About NU

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.