NU (NYSE:NU) Director Anita Sands Sells 21,000 Shares

Nu Holdings Ltd. (NYSE:NU) Director Anita Sands sold 21,000 shares of NU stock in a transaction on Friday, May 15th. The stock was sold at an average price of $12.24, for a total transaction of $257,040.00. Following the transaction, the director owned 162,150 shares in the company, valued at approximately $1,984,716. This trade represents a 11.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

NU Price Performance

Shares of NYSE:NU opened at $12.28 on Wednesday. The firm has a market cap of $59.60 billion, a PE ratio of 18.88, a price-to-earnings-growth ratio of 0.50 and a beta of 1.01. The firm’s fifty day moving average is $14.22 and its 200-day moving average is $15.83. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.58 and a current ratio of 0.58. Nu Holdings Ltd. has a 52 week low of $11.71 and a 52 week high of $18.98.

NU (NYSE:NU) last issued its quarterly earnings results on Friday, May 15th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The business had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.06 billion. NU had a return on equity of 30.91% and a net margin of 18.20%. Sell-side analysts predict that Nu Holdings Ltd. will post 0.84 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on NU shares. Susquehanna boosted their target price on shares of NU from $19.00 to $22.00 and gave the company a “positive” rating in a report on Tuesday, January 27th. Weiss Ratings lowered shares of NU from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 13th. Zacks Research lowered shares of NU from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. UBS Group upgraded shares of NU from a “neutral” rating to a “buy” rating and boosted their target price for the company from $17.20 to $17.60 in a report on Thursday, March 19th. Finally, CICC Research initiated coverage on shares of NU in a report on Tuesday, April 14th. They issued an “outperform” rating and a $18.00 target price on the stock. Eleven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.46.

Institutional Investors Weigh In On NU

Several hedge funds and other institutional investors have recently bought and sold shares of NU. Norges Bank bought a new stake in NU in the fourth quarter valued at $763,792,000. Larch Capital Partners LLC bought a new stake in shares of NU during the fourth quarter worth about $605,829,000. Lone Pine Capital LLC bought a new stake in shares of NU during the third quarter worth about $406,757,000. Jennison Associates LLC increased its position in shares of NU by 82.6% during the fourth quarter. Jennison Associates LLC now owns 39,370,791 shares of the company’s stock worth $659,067,000 after acquiring an additional 17,809,644 shares in the last quarter. Finally, Squadra Investments Gestao DE Recursos LTDA. increased its position in shares of NU by 266.8% during the first quarter. Squadra Investments Gestao DE Recursos LTDA. now owns 22,312,501 shares of the company’s stock worth $320,631,000 after acquiring an additional 16,229,515 shares in the last quarter. 84.02% of the stock is owned by institutional investors.

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.