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

Nu Holdings Ltd. (NYSE:NU) was the target of unusually large options trading on Wednesday. Stock investors purchased 120,385 call options on the stock. This is an increase of 106% compared to the typical daily volume of 58,475 call options.

Institutional Investors Weigh In On NU

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp lifted its stake in shares of NU by 105.9% during the third quarter. State Street Corp now owns 78,865,138 shares of the company’s stock worth $1,076,509,000 after purchasing an additional 40,560,986 shares in the last quarter. Baillie Gifford & Co. lifted its stake in shares of NU by 13.0% in the third quarter. Baillie Gifford & Co. now owns 210,103,451 shares of the company’s stock worth $2,867,912,000 after acquiring an additional 24,140,416 shares in the last quarter. Geode Capital Management LLC raised its stake in NU by 104.3% during the third quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company’s stock valued at $442,935,000 after buying an additional 16,638,397 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in NU by 458.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,147,349 shares of the company’s stock valued at $193,111,000 after buying an additional 11,613,191 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in NU by 122.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 16,008,683 shares of the company’s stock valued at $165,850,000 after buying an additional 8,806,495 shares in the last quarter. Hedge funds and other institutional investors own 84.02% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on NU. Itau BBA Securities lowered NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. Citigroup lowered NU from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $14.60 to $11.00 in a research note on Monday, December 2nd. KeyCorp boosted their price target on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. The Goldman Sachs Group upped their target price on NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Finally, Susquehanna boosted their price target on NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th. One research 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’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $15.63.

NU Stock Performance

NYSE NU opened at $12.19 on Friday. NU has a fifty-two week low of $8.51 and a fifty-two week high of $16.15. The stock has a market cap of $58.07 billion, a price-to-earnings ratio of 33.85, a price-to-earnings-growth ratio of 0.41 and a beta of 1.05. The business has a fifty day moving average of $11.75 and a 200-day moving average of $13.14. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20.

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.