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

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

A number of other large investors have also recently bought and sold shares of the business. M&T Bank Corp increased its position in NU by 11.7% in the 1st quarter. M&T Bank Corp now owns 334,512 shares of the company's stock valued at $3,426,000 after acquiring an additional 35,090 shares during the period. Brown Advisory Inc. increased its holdings in shares of NU by 32.3% in the first quarter. Brown Advisory Inc. now owns 31,371 shares of the company's stock valued at $321,000 after purchasing an additional 7,664 shares during the period. Ninety One UK Ltd raised its stake in shares of NU by 29.7% during the first quarter. Ninety One UK Ltd now owns 769,241 shares of the company's stock worth $7,877,000 after purchasing an additional 175,922 shares during the last quarter. Yong Rong HK Asset Management Ltd purchased a new stake in shares of NU during the first quarter worth approximately $20,480,000. Finally, Fullcircle Wealth LLC acquired a new stake in shares of NU during the first quarter worth $142,000. Institutional investors and hedge funds own 84.02% of the company's stock.

NU Trading Down 4.4%

NU stock traded down $0.60 during mid-day trading on Thursday, reaching $13.05. 110,280,542 shares of the stock traded hands, compared to its average volume of 48,250,715. The stock's fifty day moving average is $12.65 and its 200-day moving average is $11.90. Nu Holdings Ltd. has a 52-week low of $9.01 and a 52-week high of $16.15. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.20. The company has a market cap of $62.86 billion, a P/E ratio of 30.34, a P/E/G ratio of 0.78 and a beta of 1.07.

NU (NYSE:NU - Get Free Report) last issued its earnings results on Tuesday, May 13th. The company reported $0.11 earnings per share 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 firm had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same period in the previous year, the company earned $0.09 earnings per share. As a group, sell-side analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NU has been the topic of several research analyst reports. Susquehanna boosted their target price on shares of NU from $14.00 to $15.00 and gave the stock a "positive" rating in a research report on Wednesday, May 14th. Barclays boosted their price objective on shares of NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. JPMorgan Chase & Co. increased their target price on shares of NU from $14.50 to $16.00 and gave the company an "overweight" rating in a report on Monday, June 30th. Finally, Morgan Stanley reiterated 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 given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $15.50.

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.