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 stock was sold at an average price of $15.80, for a total value of $790,000.00. Following the transaction, the chief executive officer directly owned 4,927,593 shares of the company’s stock, valued at $77,855,969.40. The trade was a 1.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

NU Stock Up 1.7%

NU stock opened at $14.59 on Thursday. The company’s 50 day moving average is $13.68 and its 200 day moving average is $14.26. The stock has a market cap of $70.86 billion, a price-to-earnings ratio of 19.72, a price-to-earnings-growth ratio of 0.56 and a beta of 0.94. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.35. Nu Holdings Ltd. has a 1-year low of $11.20 and a 1-year high of $18.98.

NU (NYSE:NU) last announced its earnings results on Tuesday, June 30th. The company reported $0.22 earnings per share (EPS) for the quarter. NU had a net margin of 18.65% and a return on equity of 31.59%. The business had revenue of $5.88 billion during the quarter. Sell-side analysts predict that Nu Holdings Ltd. will post 0.85 EPS for the current fiscal year.

NU announced that its board has authorized a stock buyback plan on Thursday, June 4th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Institutional Trading of NU

Institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP increased its stake in shares of NU by 27.6% in the second quarter. Wellington Management Group LLP now owns 5,432,803 shares of the company’s stock worth $72,582,000 after buying an additional 1,175,269 shares during the period. Ancora Advisors LLC purchased a new stake in NU during the 2nd quarter valued at $76,000. Cullen Capital Management LLC bought a new stake in NU in the 2nd quarter worth $2,166,000. Madison Asset Management LLC bought a new stake in NU in the 2nd quarter worth $3,748,000. Finally, Flossbach Von Storch SE purchased a new position in shares of NU in the second quarter valued at about $5,344,000. Hedge funds and other institutional investors own 84.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on NU. Needham & Company LLC increased their target price on NU from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Friday, August 14th. Bank of America reaffirmed an “underperform” rating on shares of NU in a research note on Tuesday, June 2nd. UBS Group cut their price objective on NU from $18.10 to $16.90 and set a “buy” rating for the company in a report on Wednesday, May 20th. Weiss Ratings reiterated a “hold (c+)” rating on shares of NU in a research report on Friday, August 7th. Finally, Scotiabank cut NU to a “sector perform” rating and set a $13.00 price objective on the stock. in a report on Wednesday, June 3rd. Nine investment 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 MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $17.59.

More NU News

Here are the key news stories impacting NU this week:

• Positive Sentiment: Nu Holdings’ latest results reinforced its growth story, with revenue reaching $5.88 billion and earnings per share of $0.22. The company’s digital banking platform continues to add customers and expand across Latin America. Nu Holdings Still Has A Massive Growth Runway
• Positive Sentiment: An investment thesis published by The Motley Fool highlighted the potential for continued customer, revenue and earnings growth, supporting bullish interest in NU despite valuation and credit-quality considerations. Nu Holdings Stock: Buy or Sell?
• Positive Sentiment: Maverick Capital’s reported portfolio rotation included NU, potentially providing a favorable signal about institutional investor interest in the company. One of Wall Street’s Best-Known Hedge Funds Just Loaded Up on These 5 Stocks
• Neutral Sentiment: Credit quality was a weak spot in the quarter: nonperforming-loan ratios remained elevated. Investors will likely monitor whether loan losses rise as Nu expands its lending operations.
• Negative Sentiment: Insiders disclosed sizable sales on August 14. CEO Cristina Junqueira sold 50,000 shares for approximately $790,000, while Henrique Camossa Sald Fragelli sold 221,707 shares worth about $3.5 million. The sales were a relatively small portion of the CEO’s holdings but could modestly weigh on sentiment. Insider Selling: NU CEO Sells 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.