Insider Selling: NU (NYSE:NU) Insider Sells 221,707 Shares of Stock

Nu Holdings Ltd. (NYSE:NU) insider Henrique Camossa Sald Fragelli sold 221,707 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $15.81, for a total transaction of $3,505,187.67. Following the completion of the sale, the insider owned 979,446 shares in the company, valued at approximately $15,485,041.26. This trade represents a 18.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

NU Stock Down 2.5%

Shares of NU stock traded down $0.37 during trading hours on Tuesday, hitting $14.37. 87,659,897 shares of the company were exchanged, compared to its average volume of 61,602,070. The stock has a market capitalization of $69.76 billion, a price-to-earnings ratio of 19.41, a P/E/G ratio of 0.61 and a beta of 0.94. Nu Holdings Ltd. has a one year low of $11.20 and a one year high of $18.98. The business’s 50-day simple moving average is $13.57 and its two-hundred day simple moving average is $14.32. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.55 and a current ratio of 0.55.

NU (NYSE:NU) last announced its quarterly earnings data on Tuesday, June 30th. The company reported $0.22 earnings per share (EPS) for the quarter. NU had a return on equity of 31.59% and a net margin of 18.65%.The firm had revenue of $5.88 billion for the quarter. Sell-side analysts predict that Nu Holdings Ltd. will post 0.83 EPS for the current fiscal year.

NU announced that its board has initiated a stock buyback plan on Thursday, June 4th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.

Hedge Funds Weigh In On NU

Several institutional investors have recently modified their holdings of NU. Parallel Advisors LLC increased its holdings in shares of NU by 3.7% in the 4th quarter. Parallel Advisors LLC now owns 16,820 shares of the company’s stock worth $282,000 after acquiring an additional 601 shares during the period. Aptus Capital Advisors LLC increased its stake in shares of NU by 3.4% in the fourth quarter. Aptus Capital Advisors LLC now owns 19,008 shares of the company’s stock valued at $318,000 after purchasing an additional 624 shares during the period. Wisconsin Capital Management LLC raised its holdings in shares of NU by 1.1% during the fourth quarter. Wisconsin Capital Management LLC now owns 68,284 shares of the company’s stock valued at $1,143,000 after buying an additional 737 shares during the last quarter. World Investment Advisors boosted its position in shares of NU by 5.1% during the first quarter. World Investment Advisors now owns 16,370 shares of the company’s stock worth $235,000 after buying an additional 791 shares during the period. Finally, United Asset Strategies Inc. grew its holdings in NU by 1.5% in the 4th quarter. United Asset Strategies Inc. now owns 53,379 shares of the company’s stock worth $894,000 after buying an additional 804 shares in the last quarter. Institutional investors own 84.02% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on NU shares. Needham & Company LLC boosted their target price on shares of NU from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Friday. UBS Group lowered their price objective on shares of NU from $18.10 to $16.90 and set a “buy” rating for the company in a research report on Wednesday, May 20th. JPMorgan Chase & Co. increased their price objective on shares of NU from $18.00 to $20.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 7th. Weiss Ratings reissued a “hold (c+)” rating on shares of NU in a report on Friday, August 7th. Finally, Susquehanna upped their target price on NU from $13.00 to $16.00 and gave the company a “neutral” rating in a report on Friday. Ten investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, NU presently has an average rating of “Moderate Buy” and an average target price of $17.63.

NU Company Profile

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.