13 Best High Volume Stocks to Buy Now

7. Nu Holdings Ltd. (NYSE:NU)

Average Volume (3-Month): 59.77 million

Number of Hedge Fund Holders: 79

Nu Holdings Ltd. (NYSE:NU) provides a digital banking platform. It offers spending, savings & investing, and borrowing solutions. The company also has protection solutions, such as NuInsurance protection solutions, including life, mobile, auto, home, and financial protection insurance policies. Its core growth driver is its Brazilian operations at Nubank, which is the company’s digital bank.

In 2024, Nu added over 1 million customers per month in Brazil, which served 58% of its population and made the company the third-largest financial institution in the country by customer count. This market has an 83.1% monthly activity rate. In Brazil, Nubank’s high-income segment is also expanding, which is why the company’s premium credit card, Ultravioleta, saw customer numbers increase by 132% year-over-year to ~700,000. Credit card purchase volume grew 106% in Q4 2024.

Nubank is also expanding its Money Platform in Brazil with initiatives like NuMarketplace, NuTravel, and the launch of its MVNO service, NuCel, to further monetize its large customer base. On April 25, Barclays raised the price target on Nu Holdings Ltd. (NYSE:NU) to $16 from $15 while keeping an Overweight rating. The adjustment came after the firm noted Nu’s strength in personal lending.

White Falcon Capital Management stated the following regarding Nu Holdings Ltd. (NYSE:NU) in its Q4 2024 investor letter:

“Nu Holdings Ltd. (NYSE:NU) has recently corrected due to Brazil’s macroeconomic struggles. Nu reports its earnings in U.S. dollars but generates revenue in Brazilian reais, Mexican pesos, and Colombian pesos. The sharp depreciation of these emerging market currencies, coupled with ongoing macroeconomic uncertainty, is making investors uncomfortable. Our due diligence suggests that Nu remains unaffected. Importantly, we continue to believe that Nu is a rare business with a combination of a large market opportunity, a strong moat driven by its superior cost structure, and a brilliant management team.”