Insider Selling: NU (NYSE:NU) CEO Sells $375,250.00 in Stock

Nu Holdings Ltd. (NYSE:NU) CEO Cristina Junqueira sold 25,000 shares of the company’s stock in a transaction on Monday, October 5th. The shares were sold at an average price of $15.01, for a total transaction of $375,250.00. Following the completion of the sale, the chief executive officer owned 4,877,593 shares of the company’s stock, valued at approximately $73,212,670.93. This represents a 0.51% decrease in their position. The transaction 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 Tuesday, August 25th, Cristina Junqueira sold 65,000 shares of NU stock. The stock was sold at an average price of $14.71, for a total value of $956,150.00.
• On Monday, August 24th, Cristina Junqueira sold 25,000 shares of NU stock. The stock was sold at an average price of $15.00, for a total value of $375,000.00.
• On Friday, August 14th, Cristina 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 Up 4.8%

NU stock opened at $16.12 on Friday. The company has a 50 day moving average of $14.39 and a 200-day moving average of $13.89. 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 twelve month low of $11.20 and a twelve month high of $18.98. The stock has a market capitalization of $78.26 billion, a PE ratio of 21.78, a price-to-earnings-growth ratio of 0.63 and a beta of 0.95.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NU. Squadra Investments Gestao DE Recursos LTDA. increased its position in NU by 266.8% during the 1st quarter. Squadra Investments Gestao DE Recursos LTDA. now owns 22,312,501 shares of the company’s stock worth $320,631,000 after buying an additional 16,229,515 shares during the period. Bank of Nova Scotia increased its position in shares of NU by 855.9% in the first quarter. Bank of Nova Scotia now owns 16,111,616 shares of the company’s stock worth $231,524,000 after purchasing an additional 14,426,181 shares during the period. Maverick Capital Ltd. lifted its position in NU by 91.6% during the first quarter. Maverick Capital Ltd. now owns 22,444,311 shares of the company’s stock worth $322,525,000 after purchasing an additional 10,729,747 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of NU by 53.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 28,310,084 shares of the company’s stock worth $473,911,000 after acquiring an additional 9,893,940 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of NU by 1,198.4% in the 1st quarter. SG Americas Securities LLC now owns 7,964,591 shares of the company’s stock valued at $114,451,000 after purchasing an additional 7,351,167 shares in the last quarter. 84.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

NU has been the topic of a number of research reports. Rothschild & Co Redburn set a $19.00 price objective on shares of NU in a research report on Monday, September 28th. UBS Group raised their price target on NU from $16.90 to $18.20 and gave the company a “buy” rating in a research note on Thursday, August 20th. Needham & Company LLC reaffirmed a “buy” rating and set a $19.00 price target on shares of NU in a research report on Monday, September 28th. Wolfe Research dropped their price objective on NU from $18.00 to $17.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 25th. Finally, Susquehanna increased their price objective on NU from $13.00 to $16.00 and gave the company a “neutral” rating in a report on Friday, August 14th. Eight analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $18.29.

About NU

Nu Holdings Ltd., operating under the Nubank brand, is a digital financial services company that provides banking and payment products primarily through mobile applications. The company offers digital accounts, credit cards, personal loans, payment services, investment products and insurance, serving consumers and small businesses.

Nubank was founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible with the goal of expanding access to simpler, lower-cost financial services through technology.