Henrique Camossa Sald Fragelli Sells 221,707 Shares of NU (NYSE:NU) Stock

Nu Holdings Ltd. (NYSE:NU) insider Henrique Camossa Sald Fragelli sold 221,707 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $15.81, for a total transaction of $3,505,187.67. Following the transaction, the insider directly owned 979,446 shares of the company’s stock, valued at approximately $15,485,041.26. This represents a 18.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

NU Trading Down 2.5%

NU stock traded down $0.37 during trading on Tuesday, reaching $14.37. The company had a trading volume of 87,659,897 shares, compared to its average volume of 61,602,070. Nu Holdings Ltd. has a 12-month low of $11.20 and a 12-month high of $18.98. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.55 and a current ratio of 0.55. The stock’s 50 day moving average price is $13.57 and its two-hundred day moving average price is $14.32. The firm has a market capitalization of $69.76 billion, a price-to-earnings ratio of 19.41, a PEG ratio of 0.61 and a beta of 0.94.

NU (NYSE:NU) last posted its quarterly earnings results on Tuesday, June 30th. The company reported $0.22 earnings per share for the quarter. NU had a net margin of 18.65% and a return on equity of 31.59%. The company had revenue of $5.88 billion for the quarter. As a group, equities analysts expect that Nu Holdings Ltd. will post 0.83 earnings per share for the current fiscal year.

NU declared that its board has authorized a stock repurchase plan on Thursday, June 4th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

A number of brokerages have recently commented on NU. Bank of America reissued an “underperform” rating on shares of NU in a research note on Tuesday, June 2nd. Scotiabank downgraded NU to a “sector perform” rating and set a $13.00 target price for the company. in a research report on Wednesday, June 3rd. Susquehanna raised their target price on NU from $13.00 to $16.00 and gave the company a “neutral” rating in a report on Friday. Needham & Company LLC boosted their price target on NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday. Finally, JPMorgan Chase & Co. upped their price target on NU from $18.00 to $20.00 and gave the stock an “overweight” rating in a report on Tuesday, July 7th. Ten investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, NU has an average rating of “Moderate Buy” and a consensus target price of $17.63.

Hedge Funds Weigh In On NU

Institutional investors have recently added to or reduced their stakes in the company. Maxi Investments CY Ltd raised its position in shares of NU by 85.5% in the 4th quarter. Maxi Investments CY Ltd now owns 783,000 shares of the company’s stock valued at $13,107,000 after purchasing an additional 361,000 shares in the last quarter. C WorldWide Group Holding A S grew its position in shares of NU by 1,045.3% during the fourth quarter. C WorldWide Group Holding A S now owns 311,792 shares of the company’s stock worth $5,219,000 after buying an additional 284,569 shares in the last quarter. Vanguard Group Inc. grew its position in shares of NU by 4.4% during the fourth 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 in the last quarter. Genoa Capital Gestora de Recursos Ltda. bought a new stake in shares of NU in the fourth quarter worth $3,869,000. Finally, Dimensional Fund Advisors LP raised its holdings in NU by 990.3% in the first 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 in 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.