Anita Sands Sells 21,000 Shares of NU (NYSE:NU) Stock

Nu Holdings Ltd. (NYSE:NU) Director Anita Sands sold 21,000 shares of the company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $12.24, for a total value of $257,040.00. Following the completion of the sale, the director owned 162,150 shares in the company, valued at $1,984,716. This represents a 11.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

NU Stock Up 4.0%

Shares of NYSE:NU opened at $12.79 on Thursday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.36. Nu Holdings Ltd. has a 52-week low of $11.71 and a 52-week high of $18.98. The stock’s fifty day simple moving average is $14.18 and its 200-day simple moving average is $15.81. The company has a market capitalization of $62.09 billion, a P/E ratio of 19.67, a P/E/G ratio of 0.50 and a beta of 1.01.

NU (NYSE:NU) last issued its quarterly earnings data on Friday, May 15th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01). NU had a net margin of 18.20% and a return on equity of 30.91%. The company had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.06 billion. As a group, equities research analysts forecast that Nu Holdings Ltd. will post 0.84 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. UBS Group reduced their price objective on NU from $18.10 to $16.90 and set a “buy” rating on the stock in a research report on Wednesday. Weiss Ratings downgraded NU from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 13th. Itau BBA Securities restated an “outperform” rating on shares of NU in a research report on Tuesday, March 17th. Bank of America restated a “neutral” rating on shares of NU in a research report on Monday, March 9th. Finally, Zacks Research downgraded NU from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Eleven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, NU presently has an average rating of “Moderate Buy” and a consensus price target of $18.39.

Hedge Funds Weigh In On NU

Large investors have recently added to or reduced their stakes in the business. LOM Asset Management Ltd purchased a new position in NU during the fourth quarter worth about $25,000. Caitong International Asset Management Co. Ltd increased its stake in NU by 14,810.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,491 shares of the company’s stock worth $25,000 after acquiring an additional 1,481 shares during the last quarter. Cornerstone Planning Group LLC increased its stake in NU by 5,448.3% during the fourth quarter. Cornerstone Planning Group LLC now owns 1,609 shares of the company’s stock worth $27,000 after acquiring an additional 1,580 shares during the last quarter. Zions Bancorporation National Association UT acquired a new stake in NU during the fourth quarter worth about $27,000. Finally, Jordan Park Group LLC increased its stake in NU by 129.3% during the third quarter. Jordan Park Group LLC now owns 1,958,842 shares of the company’s stock worth $31,000 after acquiring an additional 1,104,421 shares during the last quarter. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

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.