Henrique Camossa Sald Fragelli Sells 221,707 Shares of NU (NYSE:NU) Stock

Nu Holdings Ltd. (NYSE:NU) insider Henrique Camossa Sald Fragelli sold 221,707 shares of the business’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $15.81, for a total transaction of $3,505,187.67. Following the sale, the insider owned 979,446 shares of the company’s stock, valued at approximately $15,485,041.26. The trade was a 18.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

NU Stock Up 1.7%

Shares of NYSE:NU opened at $14.59 on Thursday. The company’s fifty day moving average is $13.68 and its two-hundred day moving average is $14.26. 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 1-year low of $11.20 and a 1-year high of $18.98. The stock has a market capitalization of $70.86 billion, a price-to-earnings ratio of 19.72, a price-to-earnings-growth ratio of 0.56 and a beta of 0.94.

NU (NYSE:NU) last announced its quarterly earnings data on Tuesday, June 30th. The company reported $0.22 earnings per share for the quarter. The business 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%. Equities analysts anticipate that Nu Holdings Ltd. will post 0.85 EPS for the current year.

NU declared that its Board of Directors has approved a share buyback plan on Thursday, June 4th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Institutional Investors Weigh In On NU

Several large investors have recently made changes to their positions in the company. Morgan Stanley grew its holdings in NU by 2.9% in the 4th quarter. Morgan Stanley now owns 121,350,701 shares of the company’s stock worth $2,031,411,000 after buying an additional 3,419,077 shares in the last quarter. State Street Corp raised its stake in NU by 0.3% during the 3rd quarter. State Street Corp now owns 91,478,395 shares of the company’s stock valued at $1,464,569,000 after acquiring an additional 239,660 shares in the last quarter. Bank of America Corp DE raised its stake in NU by 8.6% during the 1st quarter. Bank of America Corp DE now owns 45,966,932 shares of the company’s stock valued at $660,545,000 after acquiring an additional 3,656,945 shares in the last quarter. Norges Bank acquired a new position in NU during the 4th quarter worth $763,792,000. Finally, Price T Rowe Associates Inc. MD boosted its position in NU by 11.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 42,602,086 shares of the company’s stock worth $713,160,000 after acquiring an additional 4,215,824 shares during the period. Institutional investors and hedge funds own 84.02% of the company’s stock.

Analysts Set New Price Targets

NU has been the topic of several recent research reports. Susquehanna raised their price target on NU from $13.00 to $16.00 and gave the stock a “neutral” rating in a report on Friday, August 14th. Weiss Ratings restated a “hold (c+)” rating on shares of NU in a research note on Friday, August 7th. UBS Group dropped their target price on NU from $18.10 to $16.90 and set a “buy” rating on the stock in a research report on Wednesday, May 20th. JPMorgan Chase & Co. raised their target price on NU from $18.00 to $20.00 and gave the company an “overweight” rating in a research note on Tuesday, July 7th. Finally, Scotiabank downgraded shares of NU to a “sector perform” rating and set a $13.00 price target for the company. in a report on Wednesday, June 3rd. Nine investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, NU presently has a consensus rating of “Moderate Buy” and an average price target of $17.59.

Key NU News

Here are the key news stories impacting NU this week:

• Positive Sentiment: Nu Holdings’ latest results reinforced its growth story, with revenue reaching $5.88 billion and earnings per share of $0.22. The company’s digital banking platform continues to add customers and expand across Latin America. Nu Holdings Still Has A Massive Growth Runway
• Positive Sentiment: An investment thesis published by The Motley Fool highlighted the potential for continued customer, revenue and earnings growth, supporting bullish interest in NU despite valuation and credit-quality considerations. Nu Holdings Stock: Buy or Sell?
• Positive Sentiment: Maverick Capital’s reported portfolio rotation included NU, potentially providing a favorable signal about institutional investor interest in the company. One of Wall Street’s Best-Known Hedge Funds Just Loaded Up on These 5 Stocks
• Neutral Sentiment: Credit quality was a weak spot in the quarter: nonperforming-loan ratios remained elevated. Investors will likely monitor whether loan losses rise as Nu expands its lending operations.
• Negative Sentiment: Insiders disclosed sizable sales on August 14. CEO Cristina Junqueira sold 50,000 shares for approximately $790,000, while Henrique Camossa Sald Fragelli sold 221,707 shares worth about $3.5 million. The sales were a relatively small portion of the CEO’s holdings but could modestly weigh on sentiment. Insider Selling: NU CEO Sells 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.