Insider Selling: NU (NYSE:NU) CEO Sells $956,150.00 in Stock

Nu Holdings Ltd. (NYSE:NU) CEO Cristina Helena Zing Junqueira sold 65,000 shares of the company’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $14.71, for a total transaction of $956,150.00. Following the transaction, the chief executive officer owned 2,542,083 shares in the company, valued at approximately $37,394,040.93. This trade represents a 2.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 Monday, August 24th, Cristina Helena Zing Junqueira sold 25,000 shares of NU stock. The stock was sold at an average price of $15.00, for a total transaction of $375,000.00.
• 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 transaction of $790,000.00.

NU Stock Performance

NU stock opened at $14.31 on Friday. The company has a 50 day moving average price of $13.99 and a 200 day moving average price of $14.15. Nu Holdings Ltd. has a fifty-two week low of $11.20 and a fifty-two week high of $18.98. 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 stock has a market capitalization of $69.48 billion, a PE ratio of 19.34, a price-to-earnings-growth ratio of 0.58 and a beta of 0.94.

NU (NYSE:NU) last released its earnings results 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 company had revenue of $5.88 billion during the quarter. Analysts forecast that Nu Holdings Ltd. will post 0.86 EPS for the current year.

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NU. Weiss Ratings lowered shares of NU from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, August 21st. Wolfe Research reduced their price target on NU from $18.00 to $17.00 and set an “outperform” rating on the stock in a research report on Tuesday. Scotiabank cut NU to a “sector perform” rating and set a $13.00 price objective for the company. in a research note on Wednesday, June 3rd. Bank of America reissued an “underperform” rating on shares of NU in a research note on Tuesday, June 2nd. Finally, Needham & Company LLC boosted their target price on NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, August 14th. Nine research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $17.91.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NU. Parallel Advisors LLC increased its holdings in shares of NU by 3.7% in the fourth quarter. Parallel Advisors LLC now owns 16,820 shares of the company’s stock worth $282,000 after acquiring an additional 601 shares in the last quarter. Aptus Capital Advisors LLC lifted its holdings in shares of NU by 3.4% during the 4th quarter. Aptus Capital Advisors LLC now owns 19,008 shares of the company’s stock valued at $318,000 after purchasing an additional 624 shares in the last quarter. Wisconsin Capital Management LLC grew its position in shares of NU by 1.1% in the 4th quarter. Wisconsin Capital Management LLC now owns 68,284 shares of the company’s stock valued at $1,143,000 after purchasing an additional 737 shares during the period. World Investment Advisors increased its stake in NU by 5.1% during the 1st quarter. World Investment Advisors now owns 16,370 shares of the company’s stock worth $235,000 after purchasing an additional 791 shares in the last quarter. Finally, Mason & Associates Inc increased its stake in NU by 2.7% during the 1st quarter. Mason & Associates Inc now owns 30,783 shares of the company’s stock worth $416,000 after purchasing an additional 808 shares in the last quarter. 84.02% of the stock is currently 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.