Flossbach Von Storch AG Raises Stake in Nu Holdings Ltd. (NYSE:NU)

Flossbach Von Storch AG grew its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 35.0% in the fourth quarter, Holdings Channel reports. The firm owned 675,000 shares of the company’s stock after acquiring 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 quarter.

A number of other large investors have also recently made changes to their positions in the stock. BlackRock Inc. lifted its stake in NU by 647.3% in the second quarter. BlackRock Inc. now owns 54,900,552 shares of the company’s stock worth $433,165,000 after acquiring an additional 47,554,011 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in NU by 114.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 65,740,183 shares of the company’s stock worth $267,563,000 after purchasing an additional 35,079,798 shares in the last quarter. State Street Corp raised its holdings in NU by 804.5% in the second quarter. State Street Corp now owns 24,950,653 shares of the company’s stock worth $196,861,000 after purchasing an additional 22,192,009 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in NU by 31.6% in the first quarter. JPMorgan Chase & Co. now owns 72,973,414 shares of the company’s stock worth $347,353,000 after purchasing an additional 17,525,819 shares in the last quarter. Finally, Wasatch Advisors Inc. acquired a new position in shares of NU during the first quarter valued at about $129,071,000. 80.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on NU. UBS Group upped their price objective on shares of NU from $10.50 to $11.50 and gave the company a “buy” rating in a report on Monday, January 29th. Susquehanna upped their target price on NU from $11.00 to $12.00 and gave the company a “positive” rating in a research report on Friday, February 23rd. Finally, TheStreet upgraded NU from a “c+” rating to a “b” rating in a research report on Friday, March 8th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, NU presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.67.

NU Price Performance

Shares of NYSE:NU traded up $0.08 during midday trading on Thursday, reaching $10.87. 3,024,146 shares of the company’s stock traded hands, compared to its average volume of 30,844,223. Nu Holdings Ltd. has a 1 year low of $4.69 and a 1 year high of $12.39. The company has a market cap of $51.03 billion, a P/E ratio of 51.41, a PEG ratio of 0.53 and a beta of 1.08. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.31 and a current ratio of 0.38. The company has a fifty day simple moving average of $11.23 and a two-hundred day simple moving average of $9.36.

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

NU Company 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.