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

Nu Holdings Ltd. (NYSE:NU) CEO Cristina Helena Zing Junqueira sold 25,000 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $15.00, for a total value of $375,000.00. Following the completion of the transaction, the chief executive officer owned 4,902,593 shares in the company, 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 transaction of $956,150.00.
• On Friday, August 14th, Cristina Helena Zing Junqueira sold 50,000 shares of NU stock. The stock was sold at an average price of $15.80, for a total transaction of $790,000.00.

NU Stock Performance

Shares of NU opened at $15.17 on Thursday. The firm has a market cap of $73.66 billion, a price-to-earnings ratio of 20.50, a price-to-earnings-growth ratio of 0.59 and a beta of 0.94. The company’s fifty day moving average is $13.91 and its 200-day moving average is $14.16. 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 12 month low of $11.20 and a 12 month high of $18.98.

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

NU announced that its board has authorized a stock repurchase plan on Thursday, June 4th that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of NU. Morgan Stanley raised its stake in shares of NU by 2.9% in the 4th quarter. Morgan Stanley now owns 121,350,701 shares of the company’s stock valued at $2,031,411,000 after buying an additional 3,419,077 shares in the last quarter. State Street Corp boosted its position in shares of NU by 0.3% during the 3rd quarter. State Street Corp now owns 91,478,395 shares of the company’s stock valued at $1,464,569,000 after acquiring an additional 239,660 shares in the last quarter. Bank of America Corp DE increased its stake in NU by 8.6% in the first quarter. Bank of America Corp DE now owns 45,966,932 shares of the company’s stock valued at $660,545,000 after acquiring an additional 3,656,945 shares during the period. Norges Bank bought a new stake in NU in the fourth quarter valued at about $763,792,000. Finally, Price T Rowe Associates Inc. MD raised its position in NU by 11.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 42,602,086 shares of the company’s stock worth $713,160,000 after purchasing an additional 4,215,824 shares in the last quarter. 84.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Weiss Ratings cut shares of NU from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, August 21st. Needham & Company LLC raised their price target on shares of NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, August 14th. Scotiabank downgraded shares of NU to a “sector perform” rating and set a $13.00 price objective on the stock. in a report on Wednesday, June 3rd. Susquehanna upped their price objective on shares of NU from $13.00 to $16.00 and gave the company a “neutral” rating in a research report on Friday, August 14th. Finally, Bank of America reiterated an “underperform” rating on shares of NU in a research note on Tuesday, June 2nd. Nine investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, NU currently has an average rating of “Moderate Buy” and an average target price 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.