NU (NYSE:NU) CEO Sells $375,000.00 in Stock

Nu Holdings Ltd. (NYSE:NU) CEO Cristina Helena Zing Junqueira sold 25,000 shares of NU stock in a transaction on Monday, August 24th. The shares were sold at an average price of $15.00, for a total transaction of $375,000.00. Following the transaction, the chief executive officer owned 4,902,593 shares in the company, valued at approximately $73,538,895. This trade represents a 0.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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 Tuesday, August 25th, Cristina Helena Zing Junqueira sold 65,000 shares of NU stock. The stock was sold at an average price of $14.71, for a total transaction of $956,150.00.
• 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 value of $790,000.00.

NU Price Performance

NYSE:NU opened at $14.31 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.35. The business’s 50-day simple moving average is $13.99 and its two-hundred day simple moving average is $14.15. The stock has a market cap of $69.48 billion, a PE ratio of 19.34, a P/E/G ratio of 0.58 and a beta of 0.94. Nu Holdings Ltd. has a 52 week low of $11.20 and a 52 week high of $18.98.

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

NU announced that its Board of Directors has initiated a stock repurchase plan on Thursday, June 4th that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are undervalued.

Hedge Funds Weigh In On NU

Institutional investors and hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC increased its stake in NU by 63.5% during the second quarter. EverSource Wealth Advisors LLC now owns 3,768 shares of the company’s stock worth $52,000 after acquiring an additional 1,464 shares during the last quarter. Jump Financial LLC boosted its stake in shares of NU by 541.8% during the 2nd quarter. Jump Financial LLC now owns 185,434 shares of the company’s stock worth $2,544,000 after purchasing an additional 156,539 shares during the period. WINTON GROUP Ltd grew its holdings in NU by 38.5% during the 2nd quarter. WINTON GROUP Ltd now owns 37,156 shares of the company’s stock valued at $510,000 after purchasing an additional 10,332 shares during the last quarter. AXA S.A. grew its holdings in NU by 1.4% during the 2nd quarter. AXA S.A. now owns 192,311 shares of the company’s stock valued at $2,639,000 after purchasing an additional 2,682 shares during the last quarter. Finally, Nebula Research & Development LLC raised its position in NU by 63.7% in the 2nd quarter. Nebula Research & Development LLC now owns 19,937 shares of the company’s stock worth $274,000 after purchasing an additional 7,760 shares during the period. 84.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on NU shares. JPMorgan Chase & Co. increased their price objective on shares of NU from $18.00 to $20.00 and gave the company an “overweight” rating in a report on Tuesday, July 7th. Scotiabank downgraded shares of NU to a “sector perform” rating and set a $13.00 price target on the stock. in a report on Wednesday, June 3rd. Weiss Ratings downgraded shares of NU from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, August 21st. Bank of America restated an “underperform” rating on shares of NU in a research report on Tuesday, June 2nd. Finally, UBS Group lifted their target price on NU from $16.90 to $18.20 and gave the stock a “buy” rating in a report on Thursday, August 20th. Nine investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.91.

NU Company Profile

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.