Key Points
- CEO Cristina Junqueira sold 25,000 NU shares at an average price of $15.01, generating $375,250. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan, leaving her with 4.88 million shares.
- NU was trading at $15.59, down 0.5%, with a market capitalization of approximately $75.68 billion. The company reported quarterly earnings of $0.22 per share and revenue of $5.88 billion.
- Analyst sentiment remains positive, with a consensus rating of “Moderate Buy” and an average price target of $18.29; institutional investors own 84.02% of the company.
Nu Holdings Ltd. (NYSE:NU - Get Free Report) CEO Cristina Junqueira sold 25,000 shares of NU stock in a transaction that occurred on Monday, October 5th. The stock was 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 $73,212,670.93. This represents a 0.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 shares were sold at an average price of $14.71, for a total transaction of $956,150.00.
- On Monday, August 24th, Cristina Junqueira sold 25,000 shares of NU stock. The shares were sold at an average price of $15.00, for a total transaction 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 Trading Down 0.5%
NYSE:NU opened at $15.59 on Thursday. The company has a current ratio of 0.55, a quick 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. The company has a market cap of $75.68 billion, a PE ratio of 21.06, a price-to-earnings-growth ratio of 0.64 and a beta of 0.95. The company has a 50 day simple moving average of $14.34 and a two-hundred day simple moving average of $13.86.
NU (NYSE:NU - Get Free Report) last announced its earnings results on Tuesday, June 30th. The company reported $0.22 earnings per share for the quarter. The business had revenue of $5.88 billion during the quarter. NU had a net margin of 18.65% and a return on equity of 31.59%. Research analysts forecast that Nu Holdings Ltd. will post 0.86 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the stock. QRG Capital Management Inc. purchased a new position in shares of NU during the 2nd quarter valued at about $316,000. Envestnet Portfolio Solutions Inc. increased its holdings in NU by 25.3% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 19,227 shares of the company's stock worth $257,000 after acquiring an additional 3,883 shares in the last quarter. Andra AP fonden increased its holdings in NU by 17.7% in the 2nd quarter. Andra AP fonden now owns 2,736,700 shares of the company's stock worth $36,562,000 after acquiring an additional 411,500 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in NU by 2.4% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 201,341 shares of the company's stock worth $2,690,000 after acquiring an additional 4,664 shares during the period. Finally, IPG Investment Advisors LLC raised its stake in NU by 12.0% during the 2nd quarter. IPG Investment Advisors LLC now owns 83,026 shares of the company's stock worth $1,109,000 after acquiring an additional 8,880 shares during the period. Institutional investors own 84.02% of the company's stock.
Analyst Ratings Changes
A number of analysts recently commented on the company. UBS Group upped their price objective on NU from $16.90 to $18.20 and gave the company a "buy" rating in a research report on Thursday, August 20th. Rothschild & Co Redburn set a $19.00 price target on NU in a research note on Monday, September 28th. Weiss Ratings downgraded NU from a "hold (c+)" rating to a "hold (c)" rating in a research note on Friday, August 21st. Wolfe Research reduced their price target on shares of NU from $18.00 to $17.00 and set an "outperform" rating for the company in a research report on Tuesday, August 25th. Finally, JPMorgan Chase & Co. increased their price objective on shares of NU from $20.00 to $23.00 and gave the stock an "overweight" rating in a research note on Tuesday. Eight research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $18.29.
Get Our Latest Stock Report on NU
NU Company Profile
(
Get Free Report)
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.
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