Nu Holdings Ltd. (NYSE:NU - Get Free Report) CEO Cristina Helena Zing Junqueira sold 50,000 shares of the firm's stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $15.80, for a total value of $790,000.00. Following the completion of the transaction, the chief executive officer owned 4,927,593 shares of the company's stock, valued at approximately $77,855,969.40. This represents a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
NU Trading Down 2.5%
Shares of NU stock opened at $14.37 on Wednesday. Nu Holdings Ltd. has a 12-month low of $11.20 and a 12-month high of $18.98. The stock has a market cap of $69.76 billion, a P/E ratio of 19.41, a P/E/G ratio of 0.61 and a beta of 0.94. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.35. The business's 50 day moving average is $13.62 and its 200-day moving average is $14.29.
NU (NYSE:NU - Get Free Report) last released its quarterly earnings data on Tuesday, June 30th. The company reported $0.22 EPS for the quarter. NU had a return on equity of 31.59% and a net margin of 18.65%.The company had revenue of $5.88 billion during the quarter. Equities research analysts predict that Nu Holdings Ltd. will post 0.85 earnings per share for the current fiscal year.
NU announced that its Board of Directors has approved a share repurchase plan on Thursday, June 4th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board of directors believes its stock is undervalued.
Hedge Funds Weigh In On NU
Large investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd boosted its holdings in shares of NU by 14,810.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,491 shares of the company's stock worth $25,000 after buying an additional 1,481 shares during the period. Cornerstone Planning Group LLC raised its holdings in NU by 5,448.3% in the 4th quarter. Cornerstone Planning Group LLC now owns 1,609 shares of the company's stock valued at $27,000 after acquiring an additional 1,580 shares during the period. Zions Bancorporation National Association UT bought a new position in NU in the 4th quarter valued at about $27,000. Morse Asset Management Inc acquired a new stake in NU during the fourth quarter worth approximately $31,000. Finally, Fifth Third Bancorp lifted its position in NU by 433.0% during the fourth quarter. Fifth Third Bancorp now owns 1,988 shares of the company's stock worth $33,000 after acquiring an additional 1,615 shares during the last quarter. 84.02% of the stock is owned by institutional investors.
Analysts Set New Price Targets
NU has been the topic of a number of research analyst reports. UBS Group dropped their target price on shares of NU from $18.10 to $16.90 and set a "buy" rating on the stock in a report on Wednesday, May 20th. JPMorgan Chase & Co. lifted 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. Scotiabank downgraded NU to a "sector perform" rating and set a $13.00 price target on the stock. in a research report on Wednesday, June 3rd. Susquehanna upped their price objective on NU from $13.00 to $16.00 and gave the company a "neutral" rating in a research note on Friday. Finally, Bank of America reaffirmed an "underperform" rating on shares of NU in a research report on Tuesday, June 2nd. Ten investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $17.63.
Check Out Our Latest Analysis 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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