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

Nu Holdings Ltd. (NYSE:NUGet Free Report) CEO Cristina Helena Zing Junqueira sold 300,000 shares of NU stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $14.81, for a total value of $4,443,000.00. Following the completion of the transaction, the chief executive officer owned 2,312,338 shares in the company, valued at $34,245,725.78. This trade represents a 11.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

NU Stock Performance

Shares of NU stock opened at $14.32 on Thursday. The company has a market capitalization of $68.98 billion, a PE ratio of 24.68, a P/E/G ratio of 0.55 and a beta of 1.11. The company has a 50-day simple moving average of $16.22 and a two-hundred day simple moving average of $16.19. Nu Holdings Ltd. has a one year low of $9.01 and a one year high of $18.98. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.56 and a current ratio of 0.58.

NU (NYSE:NUGet Free Report) last released 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. The business had revenue of $4.86 billion for the quarter, compared to analysts’ expectations of $4.55 billion. NU had a net margin of 18.19% and a return on equity of 30.68%. Research analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on NU shares. Bank of America reaffirmed a “neutral” rating on shares of NU in a research report on Monday, March 9th. Susquehanna raised their price objective on NU from $19.00 to $22.00 and gave the stock a “positive” rating in a research report on Tuesday, January 27th. Santander upgraded NU from a “neutral” rating to an “outperform” rating in a research note on Thursday, December 4th. Itau BBA Securities reaffirmed an “outperform” rating on shares of NU in a research report on Tuesday, March 17th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $21.00 price target on shares of NU in a research note on Thursday, December 18th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $18.26.

Read Our Latest Analysis on NU

More NU News

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Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of NU. Osbon Capital Management LLC purchased a new position in shares of NU in the fourth quarter worth $227,000. World Investment Advisors grew its holdings in shares of NU by 20.4% during the fourth quarter. World Investment Advisors now owns 15,579 shares of the company’s stock valued at $261,000 after buying an additional 2,638 shares during the last quarter. ARP Global Capital Ltd acquired a new position in shares of NU in the 4th quarter valued at $5,628,000. Larry Mathis Financial Planning LLC acquired a new position in shares of NU in the 4th quarter valued at $721,000. Finally, Corient Private Wealth LLC raised its stake in NU by 1.7% in the 4th quarter. Corient Private Wealth LLC now owns 126,662 shares of the company’s stock worth $2,120,000 after acquiring an additional 2,174 shares during the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Company Profile

(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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