Flossbach Von Storch SE Has $7.37 Million Stake in Nu Holdings Ltd. (NYSE:NU)

Flossbach Von Storch SE grew its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 30.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 720,000 shares of the company's stock after acquiring an additional 170,000 shares during the quarter. Flossbach Von Storch SE's holdings in NU were worth $7,373,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. NBC Securities Inc. lifted its holdings in shares of NU by 286,000.0% in the first quarter. NBC Securities Inc. now owns 2,861 shares of the company's stock valued at $29,000 after buying an additional 2,860 shares during the period. TFC Financial Management Inc. lifted its holdings in shares of NU by 74.1% in the first quarter. TFC Financial Management Inc. now owns 3,114 shares of the company's stock valued at $32,000 after buying an additional 1,325 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of NU by 51.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 3,815 shares of the company's stock valued at $39,000 after buying an additional 1,295 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of NU by 128.7% in the first quarter. Farther Finance Advisors LLC now owns 4,250 shares of the company's stock valued at $44,000 after buying an additional 2,392 shares during the period. Finally, Orion Capital Management LLC acquired a new stake in shares of NU in the fourth quarter valued at $50,000. Institutional investors and hedge funds own 84.02% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on NU shares. JPMorgan Chase & Co. upped their price objective on NU from $14.50 to $16.00 and gave the company an "overweight" rating in a report on Monday, June 30th. Barclays upped their target price on NU from $15.00 to $16.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Susquehanna upped their target price on NU from $14.00 to $15.00 and gave the company a "positive" rating in a report on Wednesday, May 14th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of NU in a 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 given a buy rating to the stock. According to MarketBeat.com, NU presently has an average rating of "Moderate Buy" and a consensus price target of $15.50.

NU Stock Performance

Shares of NU stock traded down $0.74 during mid-day trading on Thursday, reaching $12.91. The stock had a trading volume of 56,873,403 shares, compared to its average volume of 56,460,180. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.20. The firm has a market cap of $62.18 billion, a PE ratio of 30.01, a P/E/G ratio of 0.77 and a beta of 1.07. Nu Holdings Ltd. has a one year low of $9.01 and a one year high of $16.15. The firm's 50 day simple moving average is $12.64 and its 200 day simple moving average is $11.88.

NU (NYSE:NU - Get Free Report) last posted its earnings results on Tuesday, May 13th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.01). The company had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.09 billion. NU had a return on equity of 30.77% and a net margin of 17.88%. During the same quarter last year, the business earned $0.09 EPS. On average, analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current year.

NU 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.