Insider Selling: NU (NYSE:NU) CEO Sells $956,150.00 in Stock

Key Points

• NU CEO Cristina Helena Zing Junqueira sold 65,000 shares at an average price of $14.71, generating $956,150. The transaction occurred under a pre-arranged Rule 10b5-1 plan, leaving her with 2.54 million shares.
• NU shares rose 0.2% to $15.17, while the company reported quarterly EPS of $0.22 and revenue of $5.88 billion. Nu Holdings had an 18.65% net margin and 31.59% return on equity.
• Analyst sentiment remains generally positive, with a consensus rating of “Moderate Buy” and an average price target of $17.91; institutional investors own 84.02% of the company.

Nu Holdings Ltd. (NYSE:NU - Get Free Report) CEO Cristina Helena Zing Junqueira sold 65,000 shares of the business's stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $14.71, for a total value of $956,150.00. Following the transaction, the chief executive officer directly owned 2,542,083 shares of the company's stock, valued at approximately $37,394,040.93. This represents a 2.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 Monday, August 24th, Cristina Helena Zing Junqueira sold 25,000 shares of NU stock. The stock was sold at an average price of $15.00, for a total transaction of $375,000.00.
• On Friday, August 14th, Cristina Helena Zing Junqueira sold 50,000 shares of NU stock. The shares were sold at an average price of $15.80, for a total transaction of $790,000.00.

NU Stock Up 0.2%

NYSE:NU traded up $0.03 during mid-day trading on Wednesday, hitting $15.17. The stock had a trading volume of 45,098,717 shares, compared to its average volume of 65,418,600. Nu Holdings Ltd. has a twelve month low of $11.20 and a twelve month high of $18.98. The stock has a 50-day simple moving average of $13.91 and a two-hundred day simple moving average of $14.16. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $73.66 billion, a PE ratio of 20.50, a PEG ratio of 0.59 and a beta of 0.94.

NU (NYSE:NU - Get Free Report) last posted its quarterly earnings results on Tuesday, June 30th. The company reported $0.22 EPS for the quarter. The company 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%. On average, equities research analysts anticipate that Nu Holdings Ltd. will post 0.86 EPS for the current year.

NU declared that its board has approved a stock repurchase plan on Thursday, June 4th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.

Analyst Ratings Changes

A number of analysts have issued reports on the company. 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. 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. Weiss Ratings lowered NU from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, August 21st. Needham & Company LLC boosted their target price on NU from $17.00 to $19.00 and gave the stock a "buy" rating in a research note on Friday, August 14th. Finally, Wolfe Research lowered their price target on NU from $18.00 to $17.00 and set an "outperform" rating for the company in a report on Tuesday. Nine investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $17.91.

Institutional Trading of NU

Hedge funds and other institutional investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd boosted its position in shares of NU by 14,810.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,491 shares of the company's stock valued at $25,000 after purchasing an additional 1,481 shares during the period. Cornerstone Planning Group LLC increased its position in NU by 5,448.3% during the fourth quarter. Cornerstone Planning Group LLC now owns 1,609 shares of the company's stock worth $27,000 after buying an additional 1,580 shares during the period. Zions Bancorporation National Association UT purchased a new stake in NU in the fourth quarter valued at approximately $27,000. Morse Asset Management Inc purchased a new stake in NU in the fourth quarter valued at approximately $31,000. Finally, Fifth Third Bancorp boosted its holdings in shares of NU by 433.0% in the fourth quarter. Fifth Third Bancorp now owns 1,988 shares of the company's stock valued at $33,000 after acquiring an additional 1,615 shares during the period. Institutional investors and hedge funds own 84.02% of the company's stock.

NU Company Profile

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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