Insider Selling: NU (NYSE:NU) CEO Sells $375,000.00 in Stock

Nu Holdings Ltd. (NYSE:NU) CEO Cristina Helena Zing Junqueira sold 25,000 shares of the stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $15.00, for a total transaction of $375,000.00. Following the sale, the chief executive officer owned 4,902,593 shares in the company, valued at approximately $73,538,895. This trade represents a 0.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Cristina Helena Zing Junqueira also recently made the following trade(s):

• On Tuesday, August 25th, Cristina Helena Zing Junqueira sold 65,000 shares of NU stock. The shares were sold at an average price of $14.71, for a total value of $956,150.00.
• On Friday, August 14th, Cristina Helena Zing Junqueira sold 50,000 shares of NU stock. The stock was sold at an average price of $15.80, for a total value of $790,000.00.

NU Stock Performance

NYSE:NU traded up $0.03 during midday trading on Wednesday, reaching $15.17. 45,098,717 shares of the company traded hands, compared to its average volume of 65,418,600. Nu Holdings Ltd. has a twelve month low of $11.20 and a twelve month high of $18.98. The firm has a market capitalization of $73.66 billion, a price-to-earnings ratio of 20.50, a price-to-earnings-growth ratio of 0.59 and a beta of 0.94. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.55 and a quick ratio of 0.55. The company has a fifty day moving average price of $13.91 and a 200 day moving average price of $14.16.

NU (NYSE:NU) last announced its earnings results on Tuesday, June 30th. The company reported $0.22 earnings per share for the quarter. The firm had revenue of $5.88 billion for the quarter. NU had a return on equity of 31.59% and a net margin of 18.65%. On average, analysts expect that Nu Holdings Ltd. will post 0.86 EPS for the current fiscal year.

NU declared that its Board of Directors has initiated a share buyback plan on Thursday, June 4th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

NU has been the subject of several research analyst reports. Wolfe Research cut their price objective on NU from $18.00 to $17.00 and set an “outperform” rating for the company in a report on Tuesday. JPMorgan Chase & Co. boosted their price target on shares of NU from $18.00 to $20.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 7th. Weiss Ratings lowered shares of NU from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, August 21st. Scotiabank lowered shares of NU to a “sector perform” rating and set a $13.00 price objective for the company. in a research report on Wednesday, June 3rd. Finally, Bank of America reiterated an “underperform” rating on shares of NU in a report on Tuesday, June 2nd. Nine analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $17.91.

Institutional Investors Weigh In On NU

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NU. Groupe la Francaise boosted its stake in shares of NU by 50.2% during the 2nd quarter. Groupe la Francaise now owns 872,703 shares of the company’s stock worth $11,670,000 after acquiring an additional 291,553 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in NU in the 2nd quarter worth approximately $2,358,000. Ameritas Advisory Services LLC raised its position in shares of NU by 74.6% in the second quarter. Ameritas Advisory Services LLC now owns 35,242 shares of the company’s stock valued at $471,000 after purchasing an additional 15,060 shares during the period. Angeles Wealth Management LLC bought a new position in shares of NU in the second quarter valued at approximately $630,000. Finally, AlphaGrep UK Ltd acquired a new stake in shares of NU in the second quarter worth $200,000. Hedge funds and other institutional investors own 84.02% of the company’s stock.

About NU

Nu Holdings Ltd (NYSE: NU), commonly known by its consumer brand Nubank, is a Latin American financial technology company that provides digital banking and financial services through a mobile-first platform. The company’s core offerings include no-fee digital checking accounts, credit cards, personal loans, payments and transfers, and a range of savings and investment products. Nubank emphasizes a streamlined customer experience delivered via its smartphone app, combined with data-driven underwriting and automated customer service tools.

Founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nu grew rapidly by targeting underbanked and digitally savvy consumers in Latin America with low-fee, transparent products.