Nu Holdings Ltd. (NU) may enjoy gains as insiders got busy in the recent days

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MDNA
MDNA

While this happened, JP Morgan upgraded its Nu Holdings Ltd. [NU] rating to a Neutral from a an Underweight in a research note published on Tuesday. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in mid November from “a Neutral” to “an Underweight”. Credit Suisse began covering NU with “an Outperform” recommendation on November 09, 2022. New Street revised its rating on July 18, 2022. It rated NU as “a Buy” which previously was an “a Neutral”.


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Price Performance Review of NU

On Tuesday, Nu Holdings Ltd. [NYSE:NU] saw its stock jump 2.81% to $4.03. On the same session, the stock had its day’s lowest price of $3.87, but rose to a high of $4.04. Over the last five days, the stock has gained 9.81%. Nu Holdings Ltd. shares have fallen nearly -0.98% since the year began. Nevertheless, the stocks have fallen -46.55% over the past one year. While a 52-week high of $11.83 was reached on 01/24/23, a 52-week low of $3.26 was recorded on 01/06/23. SMA at 50 days reached $4.02, while 200 days put it at $4.53. A total of 21.06 million shares were traded, compared to the trading of 48.99 million shares in the previous session.

Levels Of Support And Resistance For NU Stock

The 24-hour chart illustrates a support level at 3.92, which if violated will result in even more drops to 3.81. On the upside, there is a resistance level at 4.09. A further resistance level may holdings at 4.15. The Relative Strength Index (RSI) on the 14-day chart is 58.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 1.54%. Stochastics %K at 78.59% 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 Oct 13, 2022, growing by 2.83 million shares to a total of 89.37 million shares. Yahoo Finance data shows the prior-month short interest on Sep 14, 2022 was 86.54 million shares. There was a rise of 3.17%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.73% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.02.

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

In filings from Berkshire Hathaway, Inc., it is revealed that the company now owns 107,118,784 shares, or roughly 3.07% of the outstanding NU shares. Additionally, Jennison Associates LLC increased 74.30% of its stake after which the total value it holdings stand at $383,774,093, while Baillie Gifford & Co. added 194.69% of its stake to hold $355.05 million in the firm. Over the last quarter, Capital Research & Management Co purchased 12,823,119 shares of Nu Holdings Ltd., while Artisan Partners LP bought -5,911,774 shares. At present, Tiger Global Management LLC is holding 46,319,839 shares valued at $188.52 million. Invesco Advisers, Inc. owned 46,041,148 shares of the company at the time of its most recent 13F filing, worth $187.39 million.

According to FactSet, Nu Holdings Ltd.’s share price will average $6.54 in the next year, based on opinions of analysts polled by the firm. This is up nearly 53.06 percent from its previous closing price of $3.92. Analysts expect Nu Holdings Ltd. stock to reach the higher price of $12.40, while the lowest price estimate is $3.00. However, 21 analysts have rated NU stock as an Overweight in their predictions for 2023. The most recent change occurred on April 05, 2022 when MoffettNathanson began covering the stock and recommended ‘”a Buy”‘ rating along with a $11 price target.

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