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

Nu Holdings Ltd. (NYSE:NU) CEO Cristina Helena Zing Junqueira sold 50,000 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $15.80, for a total value of $790,000.00. Following the completion of the transaction, the chief executive officer directly owned 4,927,593 shares of the company’s stock, valued at approximately $77,855,969.40. The trade was a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

NU Stock Down 2.5%

NU stock traded down $0.37 during trading hours on Tuesday, reaching $14.37. 87,659,897 shares of the stock were exchanged, compared to its average volume of 61,602,070. The firm’s 50-day moving average is $13.57 and its 200-day moving average is $14.32. Nu Holdings Ltd. has a 12 month low of $11.20 and a 12 month high of $18.98. The company has a market cap of $69.76 billion, a price-to-earnings ratio of 19.41, a PEG ratio of 0.61 and a beta of 0.94. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.55 and a quick ratio of 0.55.

NU (NYSE:NU) last released its earnings results on Tuesday, June 30th. The company reported $0.22 earnings per share (EPS) for the quarter. The business 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 research analysts expect that Nu Holdings Ltd. will post 0.83 earnings per share for the current year.

NU announced that its Board of Directors has authorized a share repurchase plan on Thursday, June 4th that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several research firms have recently issued reports on NU. JPMorgan Chase & Co. upped their price objective on NU from $18.00 to $20.00 and gave the company an “overweight” rating in a research note on Tuesday, July 7th. Susquehanna boosted their target price on shares of NU from $13.00 to $16.00 and gave the stock a “neutral” rating in a report on Friday. Bank of America reaffirmed an “underperform” rating on shares of NU in a research note on Tuesday, June 2nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of NU in a report on Friday, August 7th. Finally, Needham & Company LLC boosted their price objective on shares of NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday. Ten equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, NU has an average rating of “Moderate Buy” and an average price target of $17.63.

Institutional Trading of NU

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

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.