JP Morgan slashes price target on Nu Holdings Ltd. [NU] – find out why.

Nu Holdings Ltd. [NYSE: NU] gained 1.02% or 0.05 points to close at $4.94 with a heavy trading volume of 25014202 shares. The company report on February 14, 2023 that CORRECTING – Nu Holdings Ltd. Reports Fourth Quarter and Full Year 2022 Financial Results.

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In the first bullet under Financial Highlights, the figure for Adjusted Net Income Q4´22 has been corrected to $113.8 million.

It opened the trading session at $4.82, the shares rose to $4.96 and dropped to $4.78, the range by which the price of stock traded the whole day. The daily chart for NU points out that the company has recorded -0.20% loss over the past six months. However, it is still -51.53% lower than its most recent low trading price.

If we look at the average trading volume of 26.58M shares, NU reached to a volume of 25014202 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Nu Holdings Ltd. [NU]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NU shares is $7.20 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NU stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

JP Morgan have made an estimate for Nu Holdings Ltd. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on December 08, 2022. The new note on the price target was released on November 11, 2022, representing the official price target for Nu Holdings Ltd. stock. Previously, the target price had yet another raise to $6.50, while Credit Suisse analysts kept a Outperform rating on NU stock.

The Average True Range (ATR) for Nu Holdings Ltd. is set at 0.26, with the Price to Sales ratio for NU stock in the period of the last 12 months amounting to 5.70. The Price to Book ratio for the last quarter was 4.89, with the Price to Cash per share for the same quarter was set at 0.39.

Trading performance analysis for NU stock

Nu Holdings Ltd. [NU] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.49. With this latest performance, NU shares gained by 19.90% in over the last four-week period, additionally sinking by -0.20% over the last 6 months – not to mention a drop of -34.31% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NU stock in for the last two-week period is set at 58.66, with the RSI for the last a single of trading hit 56.05, and the three-weeks RSI is set at 58.75 for Nu Holdings Ltd. [NU]. The present Moving Average for the last 50 days of trading for this stock 4.23, while it was recorded at 4.88 for the last single week of trading, and 4.35 for the last 200 days.

An analysis of insider ownership at Nu Holdings Ltd. [NU]

There are presently around $12,086 million, or 66.00% of NU stock, in the hands of institutional investors. The top three institutional holders of NU stocks are: SC US (TTGP), LTD. with ownership of 435,293,189, which is approximately -20.332% of the company’s market cap and around 8.84% of the total institutional ownership; GALILEO (PTC) LTD, holding 415,539,300 shares of the stock with an approximate value of $2.05 billion in NU stocks shares; and TECHNOLOGY CROSSOVER MANAGEMENT X, LTD., currently with $574.08 million in NU stock with ownership of nearly 62.848% of the company’s market capitalization.

148 institutional holders increased their position in Nu Holdings Ltd. [NYSE:NU] by around 450,519,678 shares. Additionally, 105 investors decreased positions by around 200,776,932 shares, while 47 investors held positions by with 1,795,312,903 shares. The mentioned changes placed institutional holdings at 2,446,609,513 shares, according to the latest SEC report filing. NU stock had 55 new institutional investments in for a total of 133,444,442 shares, while 42 institutional investors sold positions of 13,795,631 shares during the same period.


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