The price of Nu Holdings Ltd (NYSE:NU) shares last traded on Wall Street rose 3.61% to $15.48.
NU stock price is now 8.44% away from the 50-day moving average and 27.44% away from the 200-day moving average. The market capitalization of the company currently stands at $74.00B.
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With the price target maintained at $13.50, UBS recently Downgraded its rating from Buy to Neutral for Nu Holdings Ltd (NYSE: NU). On July 22, 2024, JP Morgan Downgraded its previous ‘Overweight’ rating to ‘Neutral’ on the stock increasing its target price from $12 to quote $14.50, while ‘Barclays’ rates the stock as ‘Overweight’
In other news, Youssef Lahrech, Affiliate bought 36,000 shares of the company’s stock on Sep 30 ’24. The stock was bought for $499,320 at an average price of $13.87. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 17 ’24, Officer Duggal Jagpreet Singh bought 45,775 shares of the business’s stock. A total of $686,625 was incurred on buying the stock at an average price of $15.00. A total of 37.17% of the company’s stock is owned by insiders.
During the past 12 months, Nu Holdings Ltd has had a low of $7.74 and a high of $15.16. The fifty day moving average price for NU is $14.2758 and a two-hundred day moving average price translates $12.14695 for the stock.
The latest earnings results from Nu Holdings Ltd (NYSE: NU) was released for 2024-06-30. The net profit margin was 16.87% and return on equity was 24.35% for NU. The company reported revenue of $2.38 billion for the quarter, compared to $1.5 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 58.86 percent.
