NU Target of Unusually High Options Trading (NYSE:NU)

Nu Holdings Ltd. (NYSE:NU) was the target of some unusual options trading on Tuesday. Stock traders acquired 141,359 call options on the company. This represents an increase of approximately 114% compared to the average volume of 66,080 call options.

Analysts Set New Price Targets

NU has been the subject of several analyst reports. Barclays upped their price target on shares of NU from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Friday, April 25th. Susquehanna increased their target price on NU from $14.00 to $15.00 and gave the company a “positive” rating in a report on Wednesday, May 14th. Morgan Stanley reaffirmed an “overweight” rating on shares of NU in a research note on Friday, June 13th. Finally, JPMorgan Chase & Co. raised NU from a “neutral” rating to an “overweight” rating and dropped their price objective for the company from $14.00 to $13.00 in a research note on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, NU presently has a consensus rating of “Moderate Buy” and an average target price of $15.13.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in NU. NBC Securities Inc. grew its holdings in NU by 286,000.0% in the first quarter. NBC Securities Inc. now owns 2,861 shares of the company’s stock worth $29,000 after purchasing an additional 2,860 shares during the period. Capital Analysts LLC purchased a new stake in shares of NU in the 1st quarter worth approximately $31,000. TFC Financial Management Inc. increased its position in NU by 74.1% during the 1st quarter. TFC Financial Management Inc. now owns 3,114 shares of the company’s stock valued at $32,000 after buying an additional 1,325 shares in the last quarter. Banque Transatlantique SA purchased a new position in NU during the first quarter valued at $34,000. Finally, WPG Advisers LLC bought a new stake in NU in the first quarter worth $38,000. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Trading Up 7.6%

Shares of NU stock traded up $0.94 during midday trading on Tuesday, reaching $13.28. 66,762,890 shares of the company’s stock traded hands, compared to its average volume of 45,838,660. The company has a market cap of $63.97 billion, a PE ratio of 30.87, a price-to-earnings-growth ratio of 0.70 and a beta of 1.04. The stock has a 50 day moving average of $12.15 and a 200-day moving average of $11.71. NU has a 12 month low of $9.01 and a 12 month high of $16.15. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.54 and a current ratio of 0.54.

NU (NYSE:NU) last posted its earnings results on Tuesday, May 13th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.01). NU had a return on equity of 30.77% and a net margin of 17.88%. The company had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.09 billion. During the same period in the prior year, the business posted $0.09 earnings per share. As a group, equities analysts expect that NU will post 0.58 EPS for the current fiscal year.

About NU

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.