NU (NYSE:NU) CEO Sells $790,000.00 in Stock

Nu Holdings Ltd. (NYSE:NU) CEO Cristina Helena Zing Junqueira sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $15.80, for a total value of $790,000.00. Following the transaction, the chief executive officer directly owned 4,927,593 shares in the company, valued at approximately $77,855,969.40. This represents a 1.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

NU Price Performance

NU stock opened at $14.20 on Friday. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.35. Nu Holdings Ltd. has a 12-month low of $11.20 and a 12-month high of $18.98. The firm has a market capitalization of $68.95 billion, a PE ratio of 19.19, a price-to-earnings-growth ratio of 0.57 and a beta of 0.94. The firm has a 50-day moving average price of $13.73 and a 200-day moving average price of $14.24.

NU (NYSE:NU) last announced its earnings results 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 business had revenue of $5.88 billion during the quarter. As a group, equities research analysts forecast that Nu Holdings Ltd. will post 0.86 EPS for the current year.

NU declared that its board has approved a share buyback program on Thursday, June 4th that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

Several equities research analysts have weighed in on NU shares. JPMorgan Chase & Co. upped their target price on NU from $18.00 to $20.00 and gave the stock an “overweight” rating in a report on Tuesday, July 7th. Scotiabank downgraded NU to a “sector perform” rating and set a $13.00 price target on the stock. in a research report on Wednesday, June 3rd. Needham & Company LLC increased their price objective on NU from $17.00 to $19.00 and gave the company a “buy” rating in a report on Friday, August 14th. UBS Group raised their price objective on NU from $16.90 to $18.20 and gave the stock a “buy” rating in a research report on Thursday. Finally, Bank of America reissued an “underperform” rating on shares of NU in a research report on Tuesday, June 2nd. Nine investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $17.72.

Institutional Trading of NU

Institutional investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd raised its holdings in shares of NU by 14,810.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,491 shares of the company’s stock worth $25,000 after buying an additional 1,481 shares during the last quarter. Zions Bancorporation National Association UT acquired a new stake in shares of NU during the fourth quarter worth $27,000. Cornerstone Planning Group LLC grew its holdings in shares of NU by 5,448.3% during the fourth quarter. Cornerstone Planning Group LLC now owns 1,609 shares of the company’s stock valued at $27,000 after buying an additional 1,580 shares during the last quarter. Morse Asset Management Inc purchased a new stake in shares of NU during the fourth quarter valued at $31,000. Finally, Fifth Third Bancorp increased its position in shares of NU by 433.0% in the 4th quarter. Fifth Third Bancorp now owns 1,988 shares of the company’s stock valued at $33,000 after acquiring an additional 1,615 shares during the period. 84.02% of the stock is currently owned by institutional investors and hedge funds.

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.