Key Points
- NU director Anita Sands sold 21,000 shares on May 15 at an average price of $12.24, totaling about $257,040. After the transaction, she still owned 162,150 shares.
- NU shares were trading near $12.28, close to the stock’s 52-week low of $11.71 and well below its 50-day and 200-day moving averages of $14.22 and $15.83, respectively.
- The company reported mixed quarterly results, with earnings of $0.19 per share slightly missing estimates but revenue of $5.32 billion beating expectations. Analysts currently rate NU a Moderate Buy with a consensus target price of $18.46.
Nu Holdings Ltd. (NYSE:NU - Get Free Report) Director Anita Sands sold 21,000 shares of the business's stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $12.24, for a total transaction of $257,040.00. Following the sale, the director directly owned 162,150 shares of the company's stock, valued at approximately $1,984,716. The trade was a 11.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
NU Trading Down 0.1%
NYSE:NU opened at $12.28 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.58 and a quick ratio of 0.58. The firm has a 50-day moving average of $14.22 and a 200-day moving average of $15.83. The company has a market cap of $59.60 billion, a PE ratio of 18.88, a PEG ratio of 0.50 and a beta of 1.01. Nu Holdings Ltd. has a one year low of $11.71 and a one year high of $18.98.
NU (NYSE:NU - Get Free Report) last posted its earnings results on Friday, May 15th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). The business had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.06 billion. NU had a return on equity of 30.91% and a net margin of 18.20%. As a group, equities research analysts expect that Nu Holdings Ltd. will post 0.84 EPS for the current fiscal year.
Institutional Trading of NU
A number of institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC increased its holdings in NU by 63.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,768 shares of the company's stock worth $52,000 after acquiring an additional 1,464 shares during the period. Jump Financial LLC grew its holdings in shares of NU by 541.8% during the 2nd quarter. Jump Financial LLC now owns 185,434 shares of the company's stock valued at $2,544,000 after purchasing an additional 156,539 shares during the last quarter. WINTON GROUP Ltd grew its holdings in shares of NU by 38.5% during the 2nd quarter. WINTON GROUP Ltd now owns 37,156 shares of the company's stock valued at $510,000 after purchasing an additional 10,332 shares during the last quarter. AXA S.A. boosted its position in NU by 1.4% during the 2nd quarter. AXA S.A. now owns 192,311 shares of the company's stock valued at $2,639,000 after buying an additional 2,682 shares during the period. Finally, Nebula Research & Development LLC boosted its position in NU by 63.7% during the 2nd quarter. Nebula Research & Development LLC now owns 19,937 shares of the company's stock valued at $274,000 after buying an additional 7,760 shares during the period. 84.02% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
NU has been the subject of a number of recent analyst reports. Zacks Research downgraded shares of NU from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 24th. Itau BBA Securities reaffirmed an "outperform" rating on shares of NU in a research report on Tuesday, March 17th. Susquehanna upped their price objective on shares of NU from $19.00 to $22.00 and gave the stock a "positive" rating in a research report on Tuesday, January 27th. Bank of America reaffirmed a "neutral" rating on shares of NU in a research report on Monday, March 9th. Finally, CICC Research initiated coverage on shares of NU in a research report on Tuesday, April 14th. They issued an "outperform" rating and a $18.00 price objective for the company. Eleven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, NU presently has an average rating of "Moderate Buy" and a consensus target price of $18.46.
Get Our Latest Research Report on NU
NU Company Profile
(
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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