Insider Selling: NU (NYSE:NU) Insider Sells $3,505,187.67 in Stock

Nu Holdings Ltd. (NYSE:NU) insider Henrique Camossa Sald Fragelli sold 221,707 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $15.81, for a total value of $3,505,187.67. Following the completion of the sale, the insider owned 979,446 shares in the company, valued at $15,485,041.26. The trade was a 18.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

NU Price Performance

NYSE:NU opened at $14.20 on Friday. Nu Holdings Ltd. has a 52-week low of $11.20 and a 52-week high of $18.98. The company has a market cap of $68.95 billion, a P/E ratio of 19.19, a P/E/G ratio of 0.57 and a beta of 0.94. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.55 and a current ratio of 0.55. The stock’s 50-day simple moving average is $13.73 and its 200 day simple moving average is $14.24.

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

NU announced that its board has initiated a stock buyback plan on Thursday, June 4th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several research analysts have weighed in on NU shares. Scotiabank cut NU to a “sector perform” rating and set a $13.00 price objective on the stock. in a research report on Wednesday, June 3rd. 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 report on Thursday. Bank of America restated an “underperform” rating on shares of NU in a research note on Tuesday, June 2nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NU in a research report on Friday, August 7th. Finally, Susquehanna lifted their price objective on shares of NU from $13.00 to $16.00 and gave the stock a “neutral” rating in a research note on Friday, August 14th. Nine equities research 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’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $17.72.

Institutional Investors Weigh In On NU

A number of large investors have recently added to or reduced their stakes in NU. Maxi Investments CY Ltd raised its position in NU by 85.5% in the fourth quarter. Maxi Investments CY Ltd now owns 783,000 shares of the company’s stock valued at $13,107,000 after purchasing an additional 361,000 shares during the last quarter. C WorldWide Group Holding A S grew its holdings in shares of NU by 1,045.3% during the fourth quarter. C WorldWide Group Holding A S now owns 311,792 shares of the company’s stock worth $5,219,000 after purchasing an additional 284,569 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of NU by 4.4% during the fourth quarter. Vanguard Group Inc. now owns 24,814,878 shares of the company’s stock worth $415,401,000 after purchasing an additional 1,037,438 shares during the last quarter. Genoa Capital Gestora de Recursos Ltda. acquired a new position in shares of NU in the fourth quarter valued at approximately $3,869,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of NU by 990.3% in the first quarter. Dimensional Fund Advisors LP now owns 298,789 shares of the company’s stock valued at $4,294,000 after buying an additional 271,385 shares during the period. Institutional investors and hedge funds own 84.02% of the company’s 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.