NU (NYSE:NU) Insider Henrique Camossa Sald Fragelli Sells 221,707 Shares of Stock

Nu Holdings Ltd. (NYSE:NU) insider Henrique Camossa Sald Fragelli sold 221,707 shares of NU stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $15.81, for a total transaction of $3,505,187.67. Following the completion of the sale, the insider directly owned 979,446 shares in the company, valued at approximately $15,485,041.26. The trade was a 18.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

NU Trading Down 2.5%

Shares of NU stock opened at $14.37 on Wednesday. The firm has a market cap of $69.76 billion, a price-to-earnings ratio of 19.41, a price-to-earnings-growth ratio of 0.61 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. The company’s 50-day simple moving average is $13.62 and its 200-day simple moving average is $14.29. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.35.

NU (NYSE:NU) last announced its quarterly earnings data on Tuesday, June 30th. The company reported $0.22 EPS for the quarter. NU had a net margin of 18.65% and a return on equity of 31.59%. The firm had revenue of $5.88 billion during the quarter. As a group, equities research analysts anticipate that Nu Holdings Ltd. will post 0.85 earnings per share for the current year.

NU declared that its Board of Directors has initiated a share repurchase program on Thursday, June 4th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

NU has been the topic of a number of analyst reports. UBS Group decreased their price target on NU from $18.10 to $16.90 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. JPMorgan Chase & Co. raised their target price on NU from $18.00 to $20.00 and gave the company an “overweight” rating in a report on Tuesday, July 7th. Bank of America restated an “underperform” rating on shares of NU in a research report on Tuesday, June 2nd. Scotiabank cut shares of NU to a “sector perform” rating and set a $13.00 price target on the stock. in a research note on Wednesday, June 3rd. Finally, Needham & Company LLC increased their price target on shares of NU from $17.00 to $19.00 and gave the company a “buy” rating in a report on Friday, August 14th. Ten analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, NU has an average rating of “Moderate Buy” and a consensus target price of $17.63.

Hedge Funds Weigh In On NU

Several hedge funds have recently bought and sold shares of NU. Caitong International Asset Management Co. Ltd grew 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 purchasing an additional 1,481 shares during the last quarter. Cornerstone Planning Group LLC raised its stake in shares of 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 buying an additional 1,580 shares during the last quarter. Zions Bancorporation National Association UT purchased a new stake in shares of NU in the 4th quarter worth about $27,000. Morse Asset Management Inc purchased a new stake in shares of NU in the 4th quarter worth about $31,000. Finally, Fifth Third Bancorp grew its stake in 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 owned by hedge funds and other institutional investors.

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.