Cristina Helena Zing Junqueira Sells 25,000 Shares of NU (NYSE:NU) Stock

Nu Holdings Ltd. (NYSE:NU) CEO Cristina Helena Zing Junqueira sold 25,000 shares of the business’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $15.00, for a total value of $375,000.00. Following the transaction, the chief executive officer directly owned 4,902,593 shares of the company’s stock, valued at $73,538,895. This represents a 0.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Cristina Helena Zing Junqueira also recently made the following trade(s):

• On Tuesday, August 25th, Cristina Helena Zing Junqueira sold 65,000 shares of NU stock. The shares were sold at an average price of $14.71, for a total value of $956,150.00.
• On Friday, August 14th, Cristina Helena Zing Junqueira sold 50,000 shares of NU stock. The shares were sold at an average price of $15.80, for a total value of $790,000.00.

NU Stock Performance

NYSE NU traded up $0.03 during trading on Wednesday, hitting $15.17. The company’s stock had a trading volume of 45,098,717 shares, compared to its average volume of 65,418,600. The firm has a 50 day moving average price of $13.91 and a 200 day moving average price of $14.16. The firm has a market cap of $73.66 billion, a P/E ratio of 20.50, a price-to-earnings-growth ratio of 0.59 and a beta of 0.94. 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 Holdings Ltd. has a 52 week low of $11.20 and a 52 week high of $18.98.

NU (NYSE:NU) last released its quarterly earnings data on Tuesday, June 30th. The company reported $0.22 EPS for the quarter. The company had revenue of $5.88 billion during the quarter. NU had a net margin of 18.65% and a return on equity of 31.59%. Equities research analysts forecast that Nu Holdings Ltd. will post 0.86 earnings per share for the current fiscal year.

NU declared that its board has approved a stock buyback program on Thursday, June 4th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on NU shares. UBS Group increased their target price on shares of NU from $16.90 to $18.20 and gave the stock a “buy” rating in a research report on Thursday, August 20th. Wolfe Research decreased their price objective on shares of NU from $18.00 to $17.00 and set an “outperform” rating on the stock in a research note on Tuesday. Susquehanna raised their price objective on shares of NU from $13.00 to $16.00 and gave the stock a “neutral” rating in a report on Friday, August 14th. JPMorgan Chase & Co. lifted their target price on shares of NU from $18.00 to $20.00 and gave the company an “overweight” rating in a research note on Tuesday, July 7th. Finally, Scotiabank downgraded NU to a “sector perform” rating and set a $13.00 target price on the stock. in a report on Wednesday, June 3rd. Nine research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $17.91.

Hedge Funds Weigh In On NU

A number of institutional investors have recently modified their holdings of NU. Groupe la Francaise lifted its position in shares of NU by 50.2% during the second quarter. Groupe la Francaise now owns 872,703 shares of the company’s stock worth $11,670,000 after purchasing an additional 291,553 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of NU in the 2nd quarter valued at $2,358,000. Ameritas Advisory Services LLC increased its stake in shares of NU by 74.6% in the 2nd quarter. Ameritas Advisory Services LLC now owns 35,242 shares of the company’s stock valued at $471,000 after buying an additional 15,060 shares during the period. Angeles Wealth Management LLC acquired a new stake in NU in the second quarter worth about $630,000. Finally, AlphaGrep UK Ltd bought a new stake in NU during the 2nd quarter worth about $200,000. 84.02% of the stock is 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.