NU (NYSE:NU) Director Sells $257,040.00 in Stock

Nu Holdings Ltd. (NYSE:NU – Get Free Report) Director Anita Sands sold 21,000 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was 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 of the company’s stock, valued at approximately $1,984,716. This trade represents a 11.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

NU Price Performance

Shares of NYSE:NU opened at $13.20 on Friday. Nu Holdings Ltd. has a fifty-two week low of $11.71 and a fifty-two week high of $18.98. The business has a 50-day simple moving average of $14.15 and a two-hundred day simple moving average of $15.79. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.58 and a current ratio of 0.58. The firm has a market cap of $64.07 billion, a price-to-earnings ratio of 20.30, a price-to-earnings-growth ratio of 0.52 and a beta of 1.01.

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NU (NYSE:NU – Get Free Report) last issued its earnings results on Friday, May 15th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). NU had a return on equity of 30.91% and a net margin of 18.20%.The business had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.06 billion. On average, analysts expect that Nu Holdings Ltd. will post 0.84 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Bank of America reissued a “neutral” rating on shares of NU in a research report on Monday, March 9th. Susquehanna boosted their price target on NU from $19.00 to $22.00 and gave the company a “positive” rating in a research note on Tuesday, January 27th. Itau BBA Securities restated an “outperform” rating on shares of NU in a research note on Tuesday, March 17th. UBS Group cut their price target on NU from $18.10 to $16.90 and set a “buy” rating for the company in a research note on Wednesday. Finally, CICC Research assumed coverage on NU in a research note on Tuesday, April 14th. They set an “outperform” rating and a $18.00 price target for the company. Eleven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, NU presently has a consensus rating of “Moderate Buy” and an average price target of $18.39.

View Our Latest Analysis on NU

Institutional Investors Weigh In On NU

A number of large investors have recently made changes to their positions in the company. Baillie Gifford & Co. grew its stake in shares of NU by 2.3% during the 4th quarter. Baillie Gifford & Co. now owns 257,256,952 shares of the company’s stock valued at $4,306,481,000 after purchasing an additional 5,797,365 shares during the period. Morgan Stanley grew its stake in shares of NU by 2.9% during the 4th quarter. Morgan Stanley now owns 121,350,701 shares of the company’s stock valued at $2,031,411,000 after acquiring an additional 3,419,077 shares during the period. State Street Corp grew its stake in shares of 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 during the period. WCM Investment Management LLC grew its stake in shares of NU by 0.9% during the 3rd quarter. WCM Investment Management LLC now owns 74,478,698 shares of the company’s stock valued at $1,187,935,000 after acquiring an additional 659,526 shares during the period. Finally, Bank of America Corp DE grew its stake in shares of 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 during the period. 84.02% of the stock is currently owned by institutional investors.

NU Company Profile

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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.

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