Investors Purchase Large Volume of Call Options on NU (NYSE:NU)

Posted by on Apr 13th, 2023

Nu Holdings Ltd. (NYSE:NU – Get Rating) was the recipient of some unusual options trading activity on Wednesday. Stock traders purchased 30,594 call options on the stock. This is an increase of approximately 87% compared to the average daily volume of 16,330 call options.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NU. Wolfe Research dropped their price target on shares of NU from $6.50 to $5.00 in a research note on Thursday, January 5th. KeyCorp boosted their target price on shares of NU from $5.00 to $6.00 and gave the company an “overweight” rating in a report on Thursday, February 9th. Finally, The Goldman Sachs Group dropped their target price on shares of NU from $9.00 to $8.00 and set a “buy” rating on the stock in a report on Wednesday, March 1st. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $7.44.

NU Price Performance

Shares of NYSE NU opened at $4.42 on Thursday. The firm’s 50-day moving average price is $4.71 and its 200-day moving average price is $4.40. NU has a 1-year low of $3.26 and a 1-year high of $7.48. The firm has a market capitalization of $20.38 billion, a P/E ratio of -55.25 and a beta of 1.00. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.12.

NU (NYSE:NU – Get Rating) last posted its earnings results on Tuesday, February 14th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.04. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.41 billion. NU had a negative net margin of 7.61% and a positive return on equity of 2.13%. Equities research analysts anticipate that NU will post 0.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NU

Several hedge funds and other institutional investors have recently made changes to their positions in NU. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of NU during the fourth quarter worth about $26,000. Mitsubishi UFJ Trust & Banking Corp bought a new stake in NU in the 4th quarter worth about $38,000. Delta Investment Management LLC bought a new stake in NU in the 4th quarter worth about $41,000. Resources Investment Advisors LLC. bought a new stake in NU in the 3rd quarter worth about $44,000. Finally, Orion Portfolio Solutions LLC bought a new stake in NU in the 3rd quarter worth about $44,000. 47.64% of the stock is owned by institutional investors.

About NU

(Get Rating)

Nu Holdings Ltd. operates as a digital financial services platform and technology company primarily in Brazil, Mexico, and Colombia. 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.

Featured Stories

Receive News & Ratings for NU Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NU and related companies with MarketBeat.com's FREE daily email newsletter.