Nu Holdings Ltd. $NU Shares Purchased by Flossbach Von Storch SE

Flossbach Von Storch SE raised its stake in Nu Holdings Ltd. (NYSE:NU) by 11.1% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 800,000 shares of the company’s stock after buying an additional 80,000 shares during the quarter. Flossbach Von Storch SE’s holdings in NU were worth $10,976,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Baillie Gifford & Co. increased its holdings in shares of NU by 17.9% in the 1st quarter. Baillie Gifford & Co. now owns 265,160,474 shares of the company’s stock worth $2,715,243,000 after acquiring an additional 40,181,132 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in NU by 24.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 54,435,568 shares of the company’s stock valued at $557,422,000 after purchasing an additional 10,785,851 shares during the period. Jennison Associates LLC grew its position in NU by 38.1% in the 2nd quarter. Jennison Associates LLC now owns 41,962,679 shares of the company’s stock worth $575,728,000 after purchasing an additional 11,567,865 shares during the last quarter. Kontiki Capital Management HK Ltd. increased its stake in shares of NU by 54.3% in the first quarter. Kontiki Capital Management HK Ltd. now owns 32,575,725 shares of the company’s stock valued at $333,575,000 after purchasing an additional 11,465,700 shares during the period. Finally, Northern Trust Corp increased its stake in shares of NU by 9.3% in the first quarter. Northern Trust Corp now owns 27,869,591 shares of the company’s stock valued at $285,385,000 after purchasing an additional 2,373,500 shares during the period. Institutional investors and hedge funds own 84.02% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on NU shares. Santander upgraded NU to a “neutral” rating in a research report on Monday, August 25th. Bradesco Corretora raised NU to an “outperform” rating and set a $17.00 target price on the stock in a research note on Monday, August 25th. Bank of America boosted their price target on NU from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, August 25th. Weiss Ratings reissued a “hold (c)” rating on shares of NU in a report on Wednesday, October 8th. Finally, UBS Group lifted their price objective on shares of NU from $15.60 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.10.

NU Stock Down 0.6%

NU opened at $15.85 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.57 and a current ratio of 0.57. The company has a market capitalization of $76.38 billion, a PE ratio of 34.46, a P/E/G ratio of 0.82 and a beta of 1.08. The stock’s fifty day moving average is $15.56 and its 200-day moving average is $13.74. Nu Holdings Ltd. has a one year low of $9.01 and a one year high of $16.50.

NU (NYSE:NU) last released its earnings results on Thursday, August 14th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. NU had a return on equity of 29.91% and a net margin of 17.90%.The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same period in the previous year, the company earned $0.12 earnings per share. On average, equities analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

NU Company Profile

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.