NU (NYSE:NU) CEO Cristina Helena Zing Junqueira Sells 50,000 Shares of Stock

Nu Holdings Ltd. (NYSE:NU) CEO Cristina Helena Zing Junqueira sold 50,000 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $15.80, for a total transaction of $790,000.00. Following the completion of the sale, the chief executive officer owned 4,927,593 shares in the company, valued at $77,855,969.40. This represents a 1.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

NU Stock Down 2.5%

Shares of NYSE NU opened at $14.37 on Wednesday. The stock has a market cap of $69.76 billion, a P/E ratio of 19.41, a P/E/G ratio of 0.61 and a beta of 0.94. The firm has a 50 day moving average price of $13.62 and a 200 day moving average price of $14.29. 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 Holdings Ltd. has a 52-week low of $11.20 and a 52-week high of $18.98.

NU (NYSE:NU) last issued its earnings results on Tuesday, June 30th. The company reported $0.22 EPS for the quarter. The firm had revenue of $5.88 billion during the quarter. NU had a net margin of 18.65% and a return on equity of 31.59%. Analysts expect that Nu Holdings Ltd. will post 0.85 EPS for the current year.

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

Institutional Trading of NU

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

Analyst Upgrades and Downgrades

NU has been the subject of several recent analyst reports. Scotiabank downgraded NU to a “sector perform” rating and set a $13.00 price target for the company. in a report on Wednesday, June 3rd. JPMorgan Chase & Co. lifted their price objective on NU from $18.00 to $20.00 and gave the company an “overweight” rating in a report on Tuesday, July 7th. UBS Group lowered their target price on NU from $18.10 to $16.90 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Weiss Ratings restated a “hold (c+)” rating on shares of NU in a report on Friday, August 7th. Finally, Bank of America reaffirmed an “underperform” rating on shares of NU in a research note on Tuesday, June 2nd. Ten 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. Based on data from MarketBeat.com, NU has an average rating of “Moderate Buy” and an average target price of $17.63.

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.