Insider Selling: NU (NYSE:NU) CEO Sells 50,000 Shares

Nu Holdings Ltd. (NYSE:NU) CEO Cristina Helena Zing Junqueira sold 50,000 shares of the 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 sale, the chief executive officer owned 4,927,593 shares of the company’s stock, valued at approximately $77,855,969.40. This trade represents a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

NU Price Performance

NYSE NU traded down $0.37 on Tuesday, hitting $14.37. The company had a trading volume of 87,659,897 shares, compared to its average volume of 61,602,070. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.55 and a quick ratio of 0.55. The company’s fifty day moving average price is $13.57 and its 200-day moving average price is $14.32. The company has a market capitalization of $69.76 billion, a PE ratio of 19.41, a PEG ratio of 0.61 and a beta of 0.94. Nu Holdings Ltd. has a 12-month low of $11.20 and a 12-month high of $18.98.

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 return on equity of 31.59% and a net margin of 18.65%.The firm had revenue of $5.88 billion for the quarter. As a group, analysts predict that Nu Holdings Ltd. will post 0.83 earnings per share for the current year.

NU declared that its board has initiated a stock repurchase program on Thursday, June 4th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on NU shares. 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 report on Friday. Bank of America reiterated an “underperform” rating on shares of NU in a research report on Tuesday, June 2nd. Scotiabank lowered NU to a “sector perform” rating and set a $13.00 target price on the stock. in a research note on Wednesday, June 3rd. UBS Group dropped their price target on NU from $18.10 to $16.90 and set a “buy” rating for the company in a research report on Wednesday, May 20th. Finally, Susquehanna lifted their target price on shares of NU from $13.00 to $16.00 and gave the stock a “neutral” rating in a research note on Friday. Ten investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $17.63.

Hedge Funds Weigh In On NU

A number of hedge funds have recently added to or reduced their stakes in NU. Maxi Investments CY Ltd lifted its holdings in NU by 85.5% in the fourth quarter. Maxi Investments CY Ltd now owns 783,000 shares of the company’s stock valued at $13,107,000 after buying an additional 361,000 shares during the period. C WorldWide Group Holding A S lifted its stake in shares of NU by 1,045.3% in the 4th quarter. C WorldWide Group Holding A S now owns 311,792 shares of the company’s stock valued at $5,219,000 after purchasing an additional 284,569 shares during the period. Vanguard Group Inc. grew its position in shares of NU by 4.4% during the 4th quarter. Vanguard Group Inc. now owns 24,814,878 shares of the company’s stock worth $415,401,000 after buying an additional 1,037,438 shares during the period. Genoa Capital Gestora de Recursos Ltda. acquired a new position in shares of NU during the 4th quarter worth about $3,869,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of NU by 990.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 298,789 shares of the company’s stock valued at $4,294,000 after acquiring an additional 271,385 shares during the last quarter. Institutional investors and hedge funds 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.