NU (NYSE:NU) Director Sells $257,040.00 in Stock

Nu Holdings Ltd. (NYSE:NU) Director Anita Sands sold 21,000 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $12.24, for a total value of $257,040.00. Following the transaction, the director owned 162,150 shares in the company, valued at approximately $1,984,716. This represents a 11.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

NU Price Performance

Shares of NU stock traded down $0.02 on Tuesday, hitting $12.28. 50,532,312 shares of the company were exchanged, compared to its average volume of 45,698,684. The stock has a market capitalization of $59.60 billion, a price-to-earnings ratio of 18.88, a price-to-earnings-growth ratio of 0.50 and a beta of 1.01. The company has a 50-day moving average price of $14.22 and a 200 day moving average price of $15.83. Nu Holdings Ltd. has a 1-year low of $11.71 and a 1-year high of $18.98. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.36.

NU (NYSE:NU) last issued its earnings results on Friday, May 15th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01). The company had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.06 billion. NU had a return on equity of 30.91% and a net margin of 18.20%. As a group, sell-side analysts predict that Nu Holdings Ltd. will post 0.84 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on NU shares. Bank of America reiterated a “neutral” rating on shares of NU in a report on Monday, March 9th. CICC Research started coverage on NU in a report on Tuesday, April 14th. They issued an “outperform” rating and a $18.00 price objective on the stock. Susquehanna upped their price objective on NU from $19.00 to $22.00 and gave the company a “positive” rating in a report on Tuesday, January 27th. Itau BBA Securities reiterated an “outperform” rating on shares of NU in a report on Tuesday, March 17th. Finally, UBS Group upgraded NU from a “neutral” rating to a “buy” rating and upped their price objective for the company from $17.20 to $17.60 in a report on Thursday, March 19th. Eleven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, NU currently has an average rating of “Moderate Buy” and an average target price of $18.46.

Institutional Trading of NU

Large investors have recently modified their holdings of the stock. LOM Asset Management Ltd purchased a new stake in shares of NU during the fourth quarter worth $25,000. Caitong International Asset Management Co. Ltd increased its holdings 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 valued at $25,000 after buying an additional 1,481 shares during the last quarter. Cornerstone Planning Group LLC increased its holdings in NU by 5,448.3% in the fourth quarter. Cornerstone Planning Group LLC now owns 1,609 shares of the company’s stock valued at $27,000 after buying an additional 1,580 shares during the last quarter. Zions Bancorporation National Association UT purchased a new position in NU in the fourth quarter valued at $27,000. Finally, Jordan Park Group LLC increased its holdings in NU by 129.3% in the third quarter. Jordan Park Group LLC now owns 1,958,842 shares of the company’s stock valued at $31,000 after buying an additional 1,104,421 shares during the last quarter. Hedge funds and other institutional investors own 84.02% of the company’s stock.

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.