NU (NYSE:NU) CEO Sells $375,250.00 in Stock

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 approximately 4.88 million shares.
• NU shares fell 0.5% to $15.59 during midday trading, while the company reported quarterly revenue of $5.88 billion and earnings of $0.22 per share.
• Analysts maintain a “Moderate Buy” consensus, with an average price target of $18.29; institutional investors own approximately 84.02% of the company.

Nu Holdings Ltd. (NYSE:NU - Get Free Report) CEO Cristina Junqueira sold 25,000 shares of the 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 approximately $73,212,670.93. The trade was a 0.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 Stock Down 0.5%

Shares of NYSE:NU traded down $0.07 during midday trading on Wednesday, hitting $15.59. 82,373,435 shares of the stock were exchanged, compared to its average volume of 64,695,766. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.55 and a current ratio of 0.55. Nu Holdings Ltd. has a 52-week low of $11.20 and a 52-week high of $18.98. The business's fifty day simple moving average is $14.31 and its two-hundred day simple moving average is $13.85. The company has a market capitalization of $75.68 billion, a PE ratio of 21.06, a P/E/G ratio of 0.62 and a beta of 0.95.

NU (NYSE:NU - Get Free Report) last released its quarterly earnings data on Tuesday, June 30th. The company reported $0.22 earnings per share (EPS) for the quarter. NU had a return on equity of 31.59% and a net margin of 18.65%.The firm had revenue of $5.88 billion during the quarter. As a group, research analysts predict that Nu Holdings Ltd. will post 0.86 earnings per share for the current fiscal year.

Analysts Set New Price Targets

NU has been the topic of a number of research reports. Susquehanna increased their price objective on NU from $13.00 to $16.00 and gave the stock a "neutral" rating in a report on Friday, August 14th. JPMorgan Chase & Co. lifted their target price on shares of NU from $20.00 to $23.00 and gave the company an "overweight" rating in a research note on Tuesday. UBS Group boosted their target price on shares of NU from $16.90 to $18.20 and gave the stock a "buy" rating in a research report on Thursday, August 20th. Itau BBA Securities lowered shares of NU from an "outperform" rating to a "market perform" rating and dropped their price target for the stock from $20.00 to $18.00 in a research note on Wednesday, September 16th. Finally, Needham & Company LLC restated a "buy" rating and set a $19.00 price target on shares of NU in a report on Monday, September 28th. Eight equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $18.29.

Hedge Funds Weigh In On NU

Institutional investors have recently modified their holdings of the company. QRG Capital Management Inc. bought a new stake in shares of NU during the 2nd quarter worth $316,000. Envestnet Portfolio Solutions Inc. grew its stake in NU by 25.3% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 19,227 shares of the company's stock valued at $257,000 after buying an additional 3,883 shares during the last quarter. Andra AP fonden raised 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 during the period. Sequoia Financial Advisors LLC raised its holdings in NU by 2.4% in 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 lifted its position 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 last quarter. Institutional investors own 84.02% of the company's stock.

NU Company Profile

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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