Nu Holdings Ltd. (NYSE:NU) Shares Acquired by Flossbach Von Storch AG

Flossbach Von Storch AG lifted its holdings in Nu Holdings Ltd. (NYSE:NU) by 35.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 675,000 shares of the company’s stock after purchasing an additional 175,000 shares during the period. Flossbach Von Storch AG’s holdings in NU were worth $5,623,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Itau Unibanco Holding S.A. increased its stake in NU by 401.5% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 1,143,834 shares of the company’s stock valued at $8,293,000 after buying an additional 915,773 shares during the period. Morgan Stanley lifted its holdings in shares of NU by 7.1% during the 3rd quarter. Morgan Stanley now owns 61,260,423 shares of the company’s stock worth $444,138,000 after acquiring an additional 4,044,904 shares during the period. Hsbc Holdings PLC lifted its holdings in shares of NU by 39.0% during the 3rd quarter. Hsbc Holdings PLC now owns 1,120,216 shares of the company’s stock worth $8,141,000 after acquiring an additional 314,131 shares during the period. Raymond James & Associates raised its holdings in NU by 1,235.7% in the fourth quarter. Raymond James & Associates now owns 371,729 shares of the company’s stock valued at $3,096,000 after buying an additional 343,899 shares during the period. Finally, Washington University raised its holdings in NU by 21.9% in the third quarter. Washington University now owns 15,816,850 shares of the company’s stock valued at $114,672,000 after buying an additional 2,841,291 shares during the period. Institutional investors and hedge funds own 80.90% of the company’s stock.

NU Stock Up 0.7 %

NU traded up $0.08 during trading on Thursday, hitting $10.87. The company had a trading volume of 3,024,146 shares, compared to its average volume of 30,844,223. The company has a market capitalization of $51.03 billion, a PE ratio of 51.41, a PEG ratio of 0.53 and a beta of 1.08. Nu Holdings Ltd. has a one year low of $4.69 and a one year high of $12.39. The firm’s 50-day moving average price is $11.23 and its 200 day moving average price is $9.36. The company has a quick ratio of 0.31, a current ratio of 0.38 and a debt-to-equity ratio of 0.18.

NU (NYSE:NU) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.01). NU had a return on equity of 20.02% and a net margin of 12.84%. The firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same quarter in the prior year, the firm earned $0.03 earnings per share. As a group, equities analysts expect that Nu Holdings Ltd. will post 0.39 earnings per share for the current year.

Analyst Ratings Changes

NU has been the subject of a number of research analyst reports. UBS Group lifted their price target on shares of NU from $10.50 to $11.50 and gave the stock a “buy” rating in a research note on Monday, January 29th. Susquehanna upped their price target on shares of NU from $11.00 to $12.00 and gave the company a “positive” rating in a report on Friday, February 23rd. Finally, TheStreet raised shares of NU from a “c+” rating to a “b” rating in a report on Friday, March 8th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, NU currently has a consensus rating of “Moderate Buy” and an average target price of $9.67.

NU Profile

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.