Nu Holdings Ltd. (NYSE:NU) Shares Purchased by Flossbach Von Storch SE

Flossbach Von Storch SE raised its stake in Nu Holdings Ltd. (NYSE:NU - Free Report) by 30.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 720,000 shares of the company's stock after purchasing an additional 170,000 shares during the period. Flossbach Von Storch SE's holdings in NU were worth $7,373,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of NU during the fourth quarter worth approximately $447,762,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of NU by 2,193.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 18,109,184 shares of the company's stock valued at $187,611,000 after purchasing an additional 17,319,681 shares during the period. D1 Capital Partners L.P. purchased a new stake in shares of NU during the fourth quarter worth approximately $154,209,000. Jericho Capital Asset Management L.P. acquired a new stake in shares of NU during the fourth quarter worth $92,194,000. Finally, Northern Trust Corp grew its position in NU by 45.1% in the 4th quarter. Northern Trust Corp now owns 25,496,091 shares of the company's stock valued at $264,140,000 after buying an additional 7,930,598 shares during the last quarter. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

NU Price Performance

NYSE:NU traded up $0.04 during mid-day trading on Wednesday, hitting $13.63. 56,122,533 shares of the company's stock traded hands, compared to its average volume of 47,812,613. The firm's 50 day simple moving average is $12.61 and its 200 day simple moving average is $11.86. The company has a market cap of $65.68 billion, a PE ratio of 31.70, a price-to-earnings-growth ratio of 0.76 and a beta of 1.07. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $16.15. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.54 and a current ratio of 0.54.

NU (NYSE:NU - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.01). NU had a return on equity of 30.77% and a net margin of 17.88%. The company had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same quarter in the prior year, the firm earned $0.09 earnings per share. Sell-side analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on NU. JPMorgan Chase & Co. upped their price objective on shares of NU from $14.50 to $16.00 and gave the stock an "overweight" rating in a research report on Monday, June 30th. Barclays raised their price objective on shares of NU from $15.00 to $16.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. Susquehanna raised their price objective on shares of NU from $14.00 to $15.00 and gave the company a "positive" rating in a research report on Wednesday, May 14th. Finally, Morgan Stanley restated an "overweight" rating on shares of NU in a research report on Friday, June 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, NU presently has an average rating of "Moderate Buy" and a consensus price target of $15.50.

About NU

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.