Cristina Helena Zing Junqueira Sells 300,000 Shares of NU (NYSE:NU) Stock

Nu Holdings Ltd. (NYSE:NUGet Free Report) CEO Cristina Helena Zing Junqueira sold 300,000 shares of the stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $14.81, for a total transaction of $4,443,000.00. Following the completion of the transaction, the chief executive officer directly owned 2,312,338 shares of the company’s stock, valued at $34,245,725.78. This trade represents a 11.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

NU Stock Down 2.0%

NYSE NU opened at $14.03 on Friday. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $18.98. The company has a market capitalization of $67.62 billion, a price-to-earnings ratio of 24.19, a PEG ratio of 0.56 and a beta of 1.11. The stock’s 50 day moving average is $16.16 and its two-hundred day moving average is $16.17. The company has a current ratio of 0.58, a quick ratio of 0.56 and a debt-to-equity ratio of 0.39.

NU (NYSE:NUGet Free Report) last posted its earnings results on Wednesday, February 25th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.18 by $0.01. The business had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.55 billion. NU had a return on equity of 30.68% and a net margin of 18.19%. Equities analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Key Stories Impacting NU

Here are the key news stories impacting NU this week:

Analysts Set New Price Targets

A number of brokerages recently issued reports on NU. Weiss Ratings upgraded shares of NU from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 18th. 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 note on Tuesday, January 27th. UBS Group raised shares of NU from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $17.20 to $17.60 in a report on Thursday, March 19th. Santander upgraded shares of NU from a “neutral” rating to an “outperform” rating in a research note on Thursday, December 4th. Finally, Itau BBA Securities reissued an “outperform” rating on shares of NU in a report on Tuesday, March 17th. Twelve investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, NU presently has an average rating of “Moderate Buy” and a consensus price target of $18.26.

Get Our Latest Stock Analysis on NU

Institutional Investors Weigh In On NU

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of NU by 14.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 13,695,159 shares of the company’s stock worth $219,259,000 after buying an additional 1,703,787 shares during the last quarter. Washington University grew its holdings in NU by 1.5% during the 3rd quarter. Washington University now owns 10,566,927 shares of the company’s stock worth $169,177,000 after acquiring an additional 158,731 shares during the period. Mawer Investment Management Ltd. acquired a new stake in NU during the 3rd quarter worth $10,829,000. WCM Investment Management LLC raised its position in shares of NU by 0.9% during the 3rd quarter. WCM Investment Management LLC now owns 74,478,698 shares of the company’s stock valued at $1,187,935,000 after acquiring an additional 659,526 shares during the last quarter. Finally, Liontrust Investment Partners LLP bought a new stake in shares of NU during the 2nd quarter valued at $4,490,000. 84.02% of the stock is owned by institutional investors and hedge funds.

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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