Stock Traders Buy High Volume of NU Call Options (NYSE:NU)

Nu Holdings Ltd. (NYSE:NU) saw some unusual options trading activity on Friday. Traders purchased 134,496 call options on the company. This represents an increase of 45% compared to the typical volume of 92,623 call options.

Insider Activity at NU

In related news, insider Henrique Camossa Sald Fragelli sold 221,707 shares of NU stock in a transaction on Friday, August 14th. The stock was sold at an average price of $15.81, for a total transaction of $3,505,187.67. Following the completion of the transaction, the insider directly owned 979,446 shares of the company’s stock, valued at approximately $15,485,041.26. The trade was a 18.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Cristina Junqueira sold 65,000 shares of the business’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $14.71, for a total transaction of $956,150.00. Following the completion of the sale, the chief executive officer owned 2,542,083 shares in the company, valued at $37,394,040.93. This represents a 2.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 386,707 shares of company stock valued at $6,001,588 over the last ninety days. 1.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On NU

Institutional investors and hedge funds have recently modified their holdings of the business. GK Wealth Management LLC acquired a new position in shares of NU in the 3rd quarter valued at $31,000. Harbor Investment Advisory LLC increased its position in shares of NU by 68.2% in the second quarter. Harbor Investment Advisory LLC now owns 3,010 shares of the company’s stock valued at $40,000 after acquiring an additional 1,220 shares during the last quarter. Whipplewood Advisors LLC boosted its position in NU by 1,584.0% during the first quarter. Whipplewood Advisors LLC now owns 5,052 shares of the company’s stock valued at $73,000 after purchasing an additional 4,752 shares during the last quarter. Ancora Advisors LLC bought a new position in NU in the second quarter valued at approximately $76,000. Finally, TD Waterhouse Canada Inc. grew its position in shares of NU by 48.7% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 6,755 shares of the company’s stock valued at $90,000 after acquiring an additional 2,213 shares during the period. 84.02% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NU has been the subject of a number of research reports. Wolfe Research lowered their price target on NU from $18.00 to $17.00 and set an “outperform” rating for the company in a research report on Tuesday, August 25th. UBS Group upped their price target on NU from $18.20 to $20.50 and gave the company a “buy” rating in a research report on Tuesday. Needham & Company LLC reiterated a “buy” rating and issued a $19.00 price objective on shares of NU in a research report on Monday, September 28th. JPMorgan Chase & Co. lifted their price target on NU from $20.00 to $23.00 and gave the company an “overweight” rating in a report on Tuesday, October 6th. Finally, Weiss Ratings cut NU from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, August 21st. Nine analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $18.12.

NU Stock Up 1.5%

Shares of NYSE NU traded up $0.23 during mid-day trading on Friday, reaching $14.96. The company had a trading volume of 44,608,844 shares, compared to its average volume of 64,636,414. The stock has a fifty day moving average of $14.57 and a two-hundred day moving average of $13.94. 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 has a 12-month low of $11.20 and a 12-month high of $18.98. The company has a market capitalization of $72.62 billion, a price-to-earnings ratio of 20.23, a PEG ratio of 0.62 and a beta of 0.95.

NU (NYSE:NU) last announced its quarterly 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 expect that NU will post 0.86 EPS for the current year.

NU Company Profile

Nubank (NYSE: NU) is a digital financial services company headquartered in São Paulo, Brazil. Founded in 2013, the company was established to simplify banking through technology and expand access to financial services in markets traditionally served by large, conventional institutions.

Nubank offers a range of consumer and business products, including digital bank accounts, credit cards, personal loans, payment services, investment products and insurance. Its platform is designed to allow customers to manage accounts, payments and other financial products through mobile applications and other digital channels.

The company primarily serves customers in Brazil, Mexico and Colombia.