Key Points
- Cristina Helena Zing Junqueira, NU's CEO, sold 300,000 shares on March 23 at an average price of $14.81 for proceeds of $4.443 million, reducing her stake by 11.48% to 2,312,338 shares.
- NU beat quarterly expectations with $0.19 EPS (vs. $0.18) and $4.86 billion in revenue, and analysts are broadly positive—most rate the stock Buy, UBS upgraded to Buy, and the average target is about $18.26.
Nu Holdings Ltd. (NYSE:NU - Get Free Report) CEO Cristina Helena Zing Junqueira sold 300,000 shares of the stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $14.81, for a total value of $4,443,000.00. Following the completion of the transaction, the chief executive officer directly owned 2,312,338 shares in the company, valued at $34,245,725.78. This represents a 11.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
NU Trading Up 0.9%
Shares of NYSE:NU opened at $14.32 on Thursday. The company has a quick ratio of 0.56, a current ratio of 0.58 and a debt-to-equity ratio of 0.39. Nu Holdings Ltd. has a 52-week low of $9.01 and a 52-week high of $18.98. The stock has a market cap of $68.98 billion, a price-to-earnings ratio of 24.68, a PEG ratio of 0.55 and a beta of 1.11. The business has a 50-day moving average price of $16.22 and a 200-day moving average price of $16.19.
NU (NYSE:NU - Get Free Report) last issued its earnings results on Wednesday, February 25th. The company reported $0.19 EPS for the quarter, beating analysts' consensus estimates of $0.18 by $0.01. NU had a return on equity of 30.68% and a net margin of 18.19%.The firm had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.55 billion. Equities analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current year.
Institutional Investors Weigh In On NU
Hedge funds and other institutional investors have recently made changes to their positions in the company. Osbon Capital Management LLC purchased a new position in shares of NU during the 4th quarter valued at approximately $227,000. World Investment Advisors boosted its holdings in NU by 20.4% during the fourth quarter. World Investment Advisors now owns 15,579 shares of the company's stock worth $261,000 after buying an additional 2,638 shares in the last quarter. ARP Global Capital Ltd purchased a new stake in NU during the fourth quarter worth $5,628,000. Larry Mathis Financial Planning LLC acquired a new stake in NU during the fourth quarter valued at $721,000. Finally, Corient Private Wealth LLC increased its holdings in NU by 1.7% in the fourth quarter. Corient Private Wealth LLC now owns 126,662 shares of the company's stock valued at $2,120,000 after buying an additional 2,174 shares in the last quarter. Institutional investors and hedge funds own 84.02% of the company's stock.
Trending Headlines about NU
Here are the key news stories impacting NU this week:
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on NU shares. Zacks Research upgraded shares of NU from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 9th. The Goldman Sachs Group restated a "buy" rating and set a $21.00 target price on shares of NU in a research report on Thursday, December 18th. UBS Group raised shares of NU from a "neutral" rating to a "buy" rating and upped their price target for the company from $17.20 to $17.60 in a report on Thursday, March 19th. Itau BBA Securities reiterated an "outperform" rating on shares of NU in a research note on Tuesday, March 17th. Finally, Susquehanna boosted their price objective on NU from $19.00 to $22.00 and gave the company a "positive" rating in a report on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $18.26.
View Our Latest Research Report on NU
About NU
(
Get Free Report)
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.
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