Insider Selling: NU (NYSE:NU) Director Sells 21,000 Shares of Stock

Nu Holdings Ltd. (NYSE:NU) Director Anita Sands sold 21,000 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of $12.24, for a total value of $257,040.00. Following the completion of the transaction, the director directly owned 162,150 shares in the company, valued at $1,984,716. This trade represents a 11.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

NU Stock Down 0.1%

NYSE:NU traded down $0.02 during trading hours on Tuesday, hitting $12.28. The company’s stock had a trading volume of 50,532,312 shares, compared to its average volume of 45,698,684. The stock has a market capitalization of $59.60 billion, a P/E ratio of 18.88, a price-to-earnings-growth ratio of 0.50 and a beta of 1.01. The stock has a fifty day moving average of $14.22 and a 200-day moving average of $15.83. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.36. Nu Holdings Ltd. has a 52-week low of $11.71 and a 52-week high of $18.98.

NU (NYSE:NU) last released its quarterly earnings data on Friday, May 15th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01). NU had a net margin of 18.20% and a return on equity of 30.91%. The company had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.06 billion. On average, equities analysts forecast that Nu Holdings Ltd. will post 0.84 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NU. CICC Research began coverage on shares of NU in a research note on Tuesday, April 14th. They issued an “outperform” rating and a $18.00 price objective for the company. Susquehanna upped their price objective on shares of NU from $19.00 to $22.00 and gave the company a “positive” rating in a research note on Tuesday, January 27th. UBS Group upgraded shares of NU from a “neutral” rating to a “buy” rating and upped their price objective for the company from $17.20 to $17.60 in a research note on Thursday, March 19th. Weiss Ratings downgraded shares of NU from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 13th. Finally, Zacks Research downgraded shares of NU from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Eleven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $18.46.

Institutional Investors Weigh In On NU

Hedge funds have recently made changes to their positions in the business. LOM Asset Management Ltd acquired a new stake in shares of NU during the fourth quarter worth about $25,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of NU by 14,810.0% during the fourth 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 boosted its stake in shares of 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 acquired a new stake in shares of NU during the fourth quarter worth about $27,000. Finally, Jordan Park Group LLC raised its holdings in NU by 129.3% during the third quarter. Jordan Park Group LLC now owns 1,958,842 shares of the company’s stock worth $31,000 after purchasing an additional 1,104,421 shares in the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.

About NU

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.