NU Target of Unusually Large Options Trading (NYSE:NU)

Nu Holdings Ltd. (NYSE:NU) was the target of some unusual options trading on Thursday. Investors purchased 117,288 call options on the stock. This represents an increase of approximately 40% compared to the average daily volume of 83,677 call options.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Needham & Company LLC increased 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. UBS Group boosted their target price on shares of NU from $16.90 to $18.20 and gave the company a “buy” rating in a research note on Thursday, August 20th. Weiss Ratings cut shares of NU from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, August 21st. Scotiabank downgraded shares of NU to a “sector perform” rating and set a $13.00 price target on the stock. in a research note on Wednesday, June 3rd. Finally, Susquehanna lifted their price objective on shares of NU from $13.00 to $16.00 and gave the company a “neutral” rating in a report on Friday, August 14th. Nine equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, NU presently has an average rating of “Moderate Buy” and a consensus price target of $17.91.

Insider Buying and Selling

In other news, insider Henrique Camossa Sald Fragelli sold 221,707 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $15.81, for a total transaction of $3,505,187.67. Following the transaction, the insider owned 979,446 shares of the company’s stock, valued at approximately $15,485,041.26. This represents a 18.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Cristina Helena Zing Junqueira sold 65,000 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $14.71, for a total value of $956,150.00. Following the completion of the sale, the chief executive officer owned 2,542,083 shares in the company, valued at approximately $37,394,040.93. The trade was a 2.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 361,707 shares of company stock worth $5,626,338. Insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On NU

Several institutional investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd grew its holdings in NU by 14,810.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,491 shares of the company’s stock worth $25,000 after acquiring an additional 1,481 shares in the last quarter. Zions Bancorporation National Association UT bought a new stake in shares of NU in the 4th quarter valued at about $27,000. Morse Asset Management Inc bought a new stake in shares of NU in the 4th quarter valued at about $31,000. Fifth Third Bancorp lifted its position in shares of NU by 433.0% in the 4th quarter. Fifth Third Bancorp now owns 1,988 shares of the company’s stock worth $33,000 after purchasing an additional 1,615 shares during the period. Finally, Hollencrest Capital Management purchased a new stake in shares of NU in the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Trading Up 0.9%

Shares of NYSE NU traded up $0.14 during trading hours on Thursday, reaching $15.54. The stock had a trading volume of 23,056,802 shares, compared to its average volume of 61,972,375. NU has a 52-week low of $11.20 and a 52-week high of $18.98. The firm has a market cap of $75.43 billion, a price-to-earnings ratio of 20.97, a P/E/G ratio of 0.56 and a beta of 0.94. The business’s fifty day moving average price is $14.12 and its two-hundred day moving average price is $14.07. 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 (NYSE:NU) last released its quarterly earnings data on Tuesday, June 30th. The company reported $0.22 EPS for the quarter. The company had revenue of $5.88 billion for the quarter. NU had a return on equity of 31.59% and a net margin of 18.65%. Analysts expect that NU will post 0.86 EPS for the current fiscal year.

NU declared that its board has initiated a share repurchase program on Thursday, June 4th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are undervalued.

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.