Sunday, June 26, 2022

Taking a Closer Look At NU (Nu Holdings Ltd.) Following Its Recent Trade

MoffettNathanson initiated its Nu Holdings Ltd. [NU] rating to a Buy in a research note published on Tuesday, April 05, 2022; the price target was $11. PT values the company’s stock at a premium of 64.91 to its Tuesday closing price. A number of analysts have revised their coverage, including BofA Securities’s analysts, who began to cover the stock in late January with a ‘”a Neutral”‘ rating. Itau BBA began covering NU with a “an Underperform” recommendation on January 05, 2022. JP Morgan started covering the stock on January 04, 2022. It rated NU as “a Neutral”.


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Price Performance Review of NU

On Tuesday, Nu Holdings Ltd. [NYSE:NU] saw its stock jump 11.24% to $3.86. On the same session, the stock had its day’s lowest price of $3.58, but rose to a high of $3.99. Over the last five days, the stock has gained 9.97%. Nu Holdings Ltd. shares have fallen nearly -58.85% since the year began. A total of 34.69 million shares were traded, compared to the trading of 15.49 million shares in the previous session.

Levels Of Support And Resistance For NU Stock

The 24-hour chart illustrates a support level at 3.63, which if violated will result in even more drops to 3.40. On the upside, there is a resistance level at 4.04. A further resistance level may holdings at 4.22. The Relative Strength Index (RSI) on the 14-day chart is 45.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.73%. Stochastics %K at 22.82% indicates the stock is a holding.

How much short interest is there in Nu Holdings Ltd.?

A steep rise in short interest was recorded in Nu Holdings Ltd. stocks on Apr 28, 2022, growing by 6.0 million shares to a total of 94.13 million shares. Yahoo Finance data shows the prior-month short interest on Mar 30, 2022 was 88.13 million shares. There was a rise of 6.37%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.11% of the overall stock float, the days-to-cover ratio (short ratio) rose to 12.94.

Nu Holdings Ltd. [NU] – Who Are The Largest Shareholders?

In filings from Tiger Global Management LLC, it is revealed that the company now owns 254,788,564 shares, or roughly 7.31% of the outstanding NU shares. In other words, the investor’s shares have fallen by -11,193,094 from its previous 13-F filing of 265981658.0. Additionally, Berkshire Hathaway, Inc. decreased 0.00% of its stake after which the total value it holdings stand at $408,122,567, while Capital Research & Management Co added 10.10% of its stake to hold $187.65 million in the firm. Over the last quarter, SCGE Management LP sold 0 shares of Nu Holdings Ltd., while Morgan Stanley Investment Managem sold 36,110,947 shares. At present, Baillie Gifford & Co. is holding 28,052,687 shares valued at $106.88 million. Artisan Partners LP owned 26,100,700 shares of the company at the time of its most recent 13F filing, worth $99.44 million.

According to FactSet, Nu Holdings Ltd.’s share price will average $7.69 in the next year, based on opinions of analysts polled by the firm. This is up nearly 87.32 percent from its previous closing price of $3.47. Analysts expect Nu Holdings Ltd. stock to reach the higher price of $14.00, while the lowest price estimate is $3.30. However, 18 analysts have rated NU stock as an Overweight in their predictions for 2022. The most recent change occurred on January 04, 2022 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $12 price target.

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