NU (NYSE:NU) Stock Price Down 7.3% – Time to Sell?

Nu Holdings Ltd. (NYSE:NU)’s share price fell 7.3% during trading on Friday . The company traded as low as $12.37 and last traded at $12.54. 25,227,799 shares were traded during mid-day trading, a decline of 23% from the average session volume of 32,812,328 shares. The stock had previously closed at $13.53.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. KeyCorp lifted their price target on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Itau BBA Securities cut shares of NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. Susquehanna lifted their price objective on NU from $16.00 to $18.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. Barclays lifted their price target on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Finally, The Goldman Sachs Group increased their target price on shares of NU from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $16.21.

NU Stock Down 7.4 %

The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. The business has a 50 day simple moving average of $14.28 and a 200 day simple moving average of $13.35. The company has a market capitalization of $59.72 billion, a price-to-earnings ratio of 34.81, a PEG ratio of 0.66 and a beta of 1.13.

Hedge Funds Weigh In On NU

Institutional investors have recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV grew its stake in shares of NU by 287.9% in the third quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock worth $26,000 after acquiring an additional 1,422 shares in the last quarter. GAMMA Investing LLC increased its holdings in NU by 56.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock worth $29,000 after purchasing an additional 815 shares during the period. Carolina Wealth Advisors LLC acquired a new stake in NU in the 3rd quarter valued at about $44,000. ORG Partners LLC acquired a new position in shares of NU during the second quarter worth about $54,000. Finally, Toth Financial Advisory Corp purchased a new stake in shares of NU during the third quarter worth approximately $55,000. 80.90% of the stock is owned by institutional investors and hedge funds.

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.