NU (NYSE:NU) Shares Gap Down – Here’s Why

Nu Holdings Ltd. ( NYSE:NU – Get Free Report ) gapped down prior to trading on Friday . The stock had previously closed at $13.

53, but opened at $12.71. NU shares last traded at $12.



86, with a volume of 11,109,053 shares changing hands. Analyst Ratings Changes A number of research analysts have recently weighed in on the stock. Bank of America raised their price objective on shares of NU from $12.

80 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. JPMorgan Chase & Co.

raised their price target on NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th.

Susquehanna upped their price objective on NU from $16.00 to $18.00 and gave the company a “positive” rating in a research report on Thursday, November 14th.

The Goldman Sachs Group increased their price objective on NU from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, November 14th.

Finally, Barclays boosted their target price on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, August 16th.

Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, NU presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.21.

Read Our Latest Stock Analysis on NU NU Trading Down 7.4 % Hedge Funds Weigh In On NU A number of large investors have recently bought and sold shares of the stock. Massmutual Trust Co.

FSB ADV lifted its stake in shares of NU by 287.9% in the 3rd quarter. Massmutual Trust Co.

FSB ADV now owns 1,916 shares of the company’s stock valued at $26,000 after purchasing an additional 1,422 shares in the last quarter. GAMMA Investing LLC grew its stake in NU by 56.2% during the second quarter.

GAMMA Investing LLC now owns 2,264 shares of the company’s stock worth $29,000 after buying an additional 815 shares during the period. Carolina Wealth Advisors LLC purchased a new stake in NU during the third quarter worth approximately $44,000. ORG Partners LLC purchased a new stake in NU during the second quarter worth approximately $54,000.

Finally, Toth Financial Advisory Corp purchased a new stake in NU during the third quarter worth approximately $55,000. Hedge funds and other institutional investors own 80.90% of the company’s stock.

About NU ( Get Free Report ) 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.

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