NU (NYSE:NU) Trading Up 6.4% – What’s Next?

Shares of Nu Holdings Ltd. (NYSE:NUGet Free Report) shot up 6.4% on Wednesday . The company traded as high as $15.37 and last traded at $15.3790. 20,798,666 shares traded hands during trading, a decline of 66% from the average session volume of 61,841,102 shares. The stock had previously closed at $14.46.

Analyst Ratings Changes

NU has been the topic of several recent analyst reports. Wolfe Research cut their price objective on shares of NU from $18.00 to $17.00 and set an “outperform” rating on the stock in a report on Tuesday, August 25th. Needham & Company LLC lifted their target price on shares of NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. Weiss Ratings downgraded shares of NU from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, August 21st. Bank of America reaffirmed an “underperform” rating on shares of NU in a report on Tuesday, June 2nd. Finally, UBS Group lifted their price objective on shares of NU from $16.90 to $18.20 and gave the stock a “buy” rating in a research note on Thursday, August 20th. Nine equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.91.

View Our Latest Report on NU

NU Price Performance

The stock has a fifty day moving average of $14.18 and a 200 day moving average of $14.06. The stock has a market cap of $75.94 billion, a price-to-earnings ratio of 21.14, a P/E/G ratio of 0.60 and a beta of 0.94. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.55 and a quick ratio of 0.55.

NU (NYSE:NUGet Free Report) last issued its quarterly earnings results on Tuesday, June 30th. The company reported $0.22 earnings per share for the quarter. NU had a net margin of 18.65% and a return on equity of 31.59%. The company had revenue of $5.88 billion for the quarter. On average, analysts expect that Nu Holdings Ltd. will post 0.86 EPS for the current fiscal year.

NU announced that its board has authorized a share buyback program on Thursday, June 4th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at NU

In other NU news, insider Henrique Camossa Sald Fragelli sold 221,707 shares of the company’s stock in a transaction 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 sale, the insider directly 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Cristina Junqueira sold 65,000 shares of the stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $14.71, for a total value of $956,150.00. Following the sale, the chief executive officer directly owned 2,542,083 shares in the company, valued at $37,394,040.93. This represents 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 three months, insiders have sold 361,707 shares of company stock valued at $5,626,338. 1.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On NU

Institutional investors and hedge funds have recently modified their holdings of the stock. Groupe la Francaise grew its holdings in NU by 50.2% during the second quarter. Groupe la Francaise now owns 872,703 shares of the company’s stock worth $11,670,000 after acquiring an additional 291,553 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in NU in the second quarter valued at approximately $2,358,000. Ameritas Advisory Services LLC lifted its holdings in NU by 74.6% in the second quarter. Ameritas Advisory Services LLC now owns 35,242 shares of the company’s stock valued at $471,000 after acquiring an additional 15,060 shares during the period. Angeles Wealth Management LLC purchased a new stake in NU in the 2nd quarter worth approximately $630,000. Finally, AlphaGrep UK Ltd purchased a new stake in NU in the 2nd quarter worth approximately $200,000. Institutional investors and hedge funds own 84.02% of the company’s stock.

About NU

(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.

Further Reading

Receive News & Ratings for NU Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NU and related companies with MarketBeat.com's FREE daily email newsletter.