Cristina Helena Zing Junqueira Sells 65,000 Shares of NU (NYSE:NU) Stock

Nu Holdings Ltd. (NYSE:NU) CEO Cristina Helena Zing Junqueira sold 65,000 shares of NU stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $14.71, for a total transaction of $956,150.00. Following the completion of the transaction, the chief executive officer owned 2,542,083 shares in the company, valued at approximately $37,394,040.93. This represents a 2.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Cristina Helena Zing Junqueira also recently made the following trade(s):

• On Monday, August 24th, Cristina Helena Zing Junqueira sold 25,000 shares of NU stock. The shares were sold at an average price of $15.00, for a total transaction of $375,000.00.
• On Friday, August 14th, Cristina Helena Zing Junqueira sold 50,000 shares of NU stock. The stock was sold at an average price of $15.80, for a total transaction of $790,000.00.

NU Stock Performance

Shares of NU traded up $0.03 during mid-day trading on Wednesday, hitting $15.17. 45,098,717 shares of the company’s stock were exchanged, compared to its average volume of 65,418,600. 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 fifty-two week low of $11.20 and a fifty-two week high of $18.98. The business’s 50 day moving average is $13.91 and its two-hundred day moving average is $14.16. The firm has a market capitalization of $73.66 billion, a P/E ratio of 20.50, a P/E/G ratio of 0.59 and a beta of 0.94.

NU (NYSE:NU) last issued its quarterly earnings results on Tuesday, June 30th. The company reported $0.22 earnings per share (EPS) for the quarter. The firm had revenue of $5.88 billion for the quarter. NU had a return on equity of 31.59% and a net margin of 18.65%. On average, equities analysts expect that Nu Holdings Ltd. will post 0.86 earnings per share for the current year.

NU announced that its board has authorized a share repurchase program on Thursday, June 4th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Institutional Investors Weigh In On NU

A number of institutional investors have recently added to or reduced their stakes in the business. Maxi Investments CY Ltd grew its stake in shares of NU by 85.5% during the 4th quarter. Maxi Investments CY Ltd now owns 783,000 shares of the company’s stock worth $13,107,000 after purchasing an additional 361,000 shares during the period. C WorldWide Group Holding A S boosted its stake in shares of NU by 1,045.3% during the 4th quarter. C WorldWide Group Holding A S now owns 311,792 shares of the company’s stock worth $5,219,000 after acquiring an additional 284,569 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of NU by 4.4% during the 4th quarter. Vanguard Group Inc. now owns 24,814,878 shares of the company’s stock worth $415,401,000 after acquiring an additional 1,037,438 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of NU by 990.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 298,789 shares of the company’s stock worth $4,294,000 after acquiring an additional 271,385 shares during the period. Finally, Danske Bank A S grew its holdings in shares of NU by 515.0% in the 4th quarter. Danske Bank A S now owns 5,074,732 shares of the company’s stock worth $84,951,000 after acquiring an additional 4,249,632 shares during the period. Hedge funds and other institutional investors own 84.02% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on NU shares. Needham & Company LLC boosted their target price on NU from $17.00 to $19.00 and gave the company a “buy” rating in a report on Friday, August 14th. Wolfe Research decreased their price target on NU from $18.00 to $17.00 and set an “outperform” rating for the company in a report on Tuesday. Susquehanna lifted their price objective on shares of NU from $13.00 to $16.00 and gave the company a “neutral” rating in a research report on Friday, August 14th. Scotiabank cut shares of NU to a “sector perform” rating and set a $13.00 price objective on the stock. in a research note on Wednesday, June 3rd. Finally, UBS Group upped their price objective on shares of NU from $16.90 to $18.20 and gave the stock a “buy” rating in a research report on Thursday, August 20th. Nine analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $17.91.

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.