NU (NYSE:NU) CEO Cristina Helena Zing Junqueira Sells 300,000 Shares of Stock

Nu Holdings Ltd. (NYSE:NUGet Free Report) CEO Cristina Helena Zing Junqueira sold 300,000 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $14.81, for a total transaction of $4,443,000.00. Following the sale, the chief executive officer owned 2,312,338 shares in the company, valued at approximately $34,245,725.78. This trade represents a 11.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

NU Trading Up 0.9%

NYSE:NU traded up $0.13 during mid-day trading on Wednesday, reaching $14.32. The company’s stock had a trading volume of 60,235,209 shares, compared to its average volume of 67,389,712. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.58 and a quick ratio of 0.56. The stock has a market cap of $68.98 billion, a P/E ratio of 24.68, a P/E/G ratio of 0.55 and a beta of 1.11. The company’s fifty day simple moving average is $16.22 and its two-hundred day simple moving average is $16.19. Nu Holdings Ltd. has a twelve month low of $9.01 and a twelve month high of $18.98.

NU (NYSE:NUGet Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. NU had a net margin of 18.19% and a return on equity of 30.68%. The company had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.55 billion. On average, equities analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Hedge Funds Weigh In On NU

Several hedge funds have recently made changes to their positions in the business. Baillie Gifford & Co. increased its holdings in shares of NU by 2.3% in the 4th quarter. Baillie Gifford & Co. now owns 257,256,952 shares of the company’s stock valued at $4,306,481,000 after purchasing an additional 5,797,365 shares during the period. Morgan Stanley increased its holdings in NU by 2.9% in the fourth quarter. Morgan Stanley now owns 121,350,701 shares of the company’s stock worth $2,031,411,000 after buying an additional 3,419,077 shares during the last quarter. State Street Corp raised its position in NU by 0.3% during the third quarter. State Street Corp now owns 91,478,395 shares of the company’s stock valued at $1,464,569,000 after acquiring an additional 239,660 shares in the last quarter. WCM Investment Management LLC lifted its stake in NU by 0.9% in the third quarter. WCM Investment Management LLC now owns 74,478,698 shares of the company’s stock valued at $1,187,935,000 after acquiring an additional 659,526 shares during the last quarter. Finally, Sands Capital Management LLC grew its position in NU by 5.9% in the second quarter. Sands Capital Management LLC now owns 54,504,428 shares of the company’s stock worth $747,801,000 after acquiring an additional 3,060,463 shares in the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on NU. Bank of America reissued a “neutral” rating on shares of NU in a research report on Monday, March 9th. Weiss Ratings raised shares of NU from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 18th. Susquehanna increased their price objective on shares of NU from $19.00 to $22.00 and gave the stock a “positive” rating in a research note on Tuesday, January 27th. Santander raised shares of NU from a “neutral” rating to an “outperform” rating in a report on Thursday, December 4th. Finally, UBS Group upgraded NU from a “neutral” rating to a “buy” rating and lifted their target price for the company from $17.20 to $17.60 in a research note on Thursday, March 19th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, NU has an average rating of “Buy” and an average price target of $18.26.

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NU News Summary

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About NU

(Get Free Report)

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.

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