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

Nu Holdings Ltd. (NYSE:NU) saw unusually large options trading activity on Wednesday. Investors acquired 96,740 call options on the stock. This is an increase of approximately 72% compared to the average daily volume of 56,124 call options.

NU Price Performance

Shares of NYSE NU opened at $17.16 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.56 and a quick ratio of 0.56. The company has a market cap of $82.70 billion, a price-to-earnings ratio of 33.65, a price-to-earnings-growth ratio of 0.55 and a beta of 1.08. The stock’s 50-day moving average is $17.16 and its two-hundred day moving average is $15.93. NU has a 1-year low of $9.01 and a 1-year high of $18.98.

Analyst Ratings Changes

NU has been the subject of several research reports. Susquehanna lifted their target price on shares of NU from $19.00 to $22.00 and gave the company a “positive” rating in a report on Tuesday, January 27th. Zacks Research raised NU from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 9th. UBS Group boosted their price objective on NU from $16.00 to $18.40 and gave the company a “neutral” rating in a report on Thursday, December 4th. Santander upgraded NU from a “neutral” rating to an “outperform” rating in a report on Thursday, December 4th. Finally, JPMorgan Chase & Co. lifted their target price on NU from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Thursday, November 20th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.34.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd increased its stake in NU by 14,810.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,491 shares of the company’s stock valued at $25,000 after purchasing an additional 1,481 shares during the last quarter. LOM Asset Management Ltd acquired a new position in shares of NU in the 4th quarter valued at $25,000. Zions Bancorporation National Association UT purchased a new position in shares of NU in the 4th quarter valued at $27,000. Cornerstone Planning Group LLC raised its stake in NU by 5,448.3% during the 4th quarter. Cornerstone Planning Group LLC now owns 1,609 shares of the company’s stock worth $27,000 after acquiring an additional 1,580 shares in the last quarter. Finally, Morse Asset Management Inc purchased a new stake in NU in the fourth quarter valued at $31,000. Hedge funds and other institutional investors own 84.02% of the company’s stock.

About NU

Nu Holdings Ltd (NYSE: NU), commonly known by its consumer brand Nubank, is a Latin American financial technology company that provides digital banking and financial services through a mobile-first platform. The company’s core offerings include no-fee digital checking accounts, credit cards, personal loans, payments and transfers, and a range of savings and investment products. Nubank emphasizes a streamlined customer experience delivered via its smartphone app, combined with data-driven underwriting and automated customer service tools.

Founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nu grew rapidly by targeting underbanked and digitally savvy consumers in Latin America with low-fee, transparent products.