NU (NYSE:NU) CEO Cristina Helena Zing Junqueira Sells 65,000 Shares of Stock

Nu Holdings Ltd. (NYSE:NU) CEO Cristina Helena Zing Junqueira sold 65,000 shares of NU stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $14.71, for a total value of $956,150.00. Following the completion of the sale, the chief executive officer directly owned 2,542,083 shares in the company, valued at $37,394,040.93. This represents a 2.49% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 shares were sold at an average price of $15.00, for a total value 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 Up 0.2%

NU stock opened at $15.17 on Thursday. The company has a market cap of $73.66 billion, a P/E ratio of 20.50, a P/E/G ratio of 0.59 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 moving average price is $13.91 and its 200 day moving average price is $14.16. 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 (NYSE:NU) last issued its earnings results on Tuesday, June 30th. The company reported $0.22 earnings per share for the quarter. The company had revenue of $5.88 billion for the quarter. NU had a net margin of 18.65% and a return on equity of 31.59%. On average, research analysts expect that Nu Holdings Ltd. will post 0.86 earnings per share for the current fiscal year.

NU declared that its Board of Directors 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 an indication that the company’s board believes its stock is undervalued.

Hedge Funds Weigh In On NU

A number of large investors have recently modified their holdings of NU. Caitong International Asset Management Co. Ltd increased its stake in NU by 14,810.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,491 shares of the company’s stock worth $25,000 after buying an additional 1,481 shares during the period. Cornerstone Planning Group LLC lifted its stake in shares of NU by 5,448.3% in the fourth quarter. Cornerstone Planning Group LLC now owns 1,609 shares of the company’s stock worth $27,000 after acquiring an additional 1,580 shares in the last quarter. Zions Bancorporation National Association UT purchased a new position in NU in the fourth quarter valued at about $27,000. Morse Asset Management Inc purchased a new position in NU in the fourth quarter valued at about $31,000. Finally, Fifth Third Bancorp grew its stake in NU by 433.0% during the 4th quarter. Fifth Third Bancorp now owns 1,988 shares of the company’s stock valued at $33,000 after purchasing an additional 1,615 shares in the last quarter. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on NU shares. Weiss Ratings cut NU from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, August 21st. JPMorgan Chase & Co. boosted their price objective on shares of NU from $18.00 to $20.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 7th. Susquehanna increased their price objective on shares of NU from $13.00 to $16.00 and gave the company a “neutral” rating in a research note on Friday, August 14th. Needham & Company LLC raised their target price on shares of NU from $17.00 to $19.00 and gave the company a “buy” rating in a report on Friday, August 14th. Finally, Scotiabank cut shares of NU to a “sector perform” rating and set a $13.00 target price for the company. in a research report on Wednesday, June 3rd. Nine equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $17.91.

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.