Traders Purchase Large Volume of NU Call Options (NYSE:NU)

Nu Holdings Ltd. (NYSE:NU) saw some unusual options trading on Thursday. Investors acquired 202,281 call options on the stock. This represents an increase of approximately 428% compared to the typical volume of 38,337 call options.

Hedge Funds Weigh In On NU

A number of hedge funds have recently added to or reduced their stakes in NU. Diversify Advisory Services LLC bought a new stake in NU during the second quarter worth $856,000. Opal Wealth Advisors LLC bought a new stake in shares of NU during the 2nd quarter worth $88,000. Salem Investment Counselors Inc. lifted its holdings in shares of NU by 1.2% in the second quarter. Salem Investment Counselors Inc. now owns 2,330,926 shares of the company’s stock worth $30,046,000 after acquiring an additional 26,996 shares during the last quarter. Warther Private Wealth LLC increased its position in NU by 47.4% during the 2nd quarter. Warther Private Wealth LLC now owns 843,394 shares of the company’s stock worth $10,871,000 after purchasing an additional 271,100 shares in the last quarter. Finally, CWM LLC grew its stake in shares of NU by 9.4% during the second quarter. CWM LLC now owns 47,864 shares of the company’s stock worth $617,000 after buying an additional 4,114 shares during the last quarter. Institutional investors own 80.90% of the company’s stock.

NU Stock Performance

NU stock traded up $0.16 during trading hours on Friday, hitting $13.41. The company had a trading volume of 23,089,409 shares, compared to its average volume of 29,037,086. The firm has a 50-day moving average of $12.05 and a 200 day moving average of $10.95. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.40 and a quick ratio of 0.40. The firm has a market cap of $63.91 billion, a PE ratio of 50.90, a PEG ratio of 0.62 and a beta of 1.14. NU has a one year low of $6.61 and a one year high of $13.59.

NU (NYSE:NU) last released its quarterly earnings results on Tuesday, May 14th. The company reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. NU had a return on equity of 22.94% and a net margin of 13.86%. The business had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.58 billion. On average, sell-side analysts expect that NU will post 0.41 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on NU. Barclays started coverage on NU in a report on Wednesday, June 26th. They set an “overweight” rating and a $15.00 target price on the stock. Susquehanna increased their price objective on NU from $12.00 to $14.00 and gave the company a “positive” rating in a report on Wednesday, May 15th. The Goldman Sachs Group boosted their target price on shares of NU from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday. 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 research note on Monday, June 24th. Finally, KeyCorp boosted their price objective on shares of NU from $12.00 to $13.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $12.23.

NU Company Profile

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.