In yesterday’s Wall Street session, Nu Holdings Ltd (NYSE:NU) shares traded at $13.65, down -2.92% from the previous session.
NU stock price is now -5.69% away from the 50-day moving average and 8.40% away from the 200-day moving average. The market capitalization of the company currently stands at $60.00B.
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On August 02, 2024, UBS Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock keeping its target price maintained at $13.50, while ‘JP Morgan’ rates the stock as ‘Neutral’
In other news, Olivier Vitor Guarino, Officer bought 471,214 shares of the company’s stock on Nov 15 ’24. The stock was bought for $6,785,990 at an average price of $14.40. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 30 ’24, Affiliate Youssef Lahrech bought 36,000 shares of the business’s stock. A total of $499,320 was incurred on buying the stock at an average price of $13.87. A total of 34.16% 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 $16.15. The fifty day moving average price for NU is $14.4774 and a two-hundred day moving average price translates $12.5707 for the stock.
The latest earnings results from Nu Holdings Ltd (NYSE: NU) was released for 2024-09-30. The net profit margin was 18.16% and return on equity was 26.31% for NU. The company reported revenue of $2.47 billion for the quarter, compared to $1.73 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 42.77 percent.
