Flossbach Von Storch SE Sells 100,000 Shares of Nu Holdings Ltd. $NU

Key Points

• Flossbach Von Storch SE reduced its stake in Nu Holdings Ltd. by 12.5% in Q4, selling 100,000 shares and ending the quarter with 700,000 shares valued at $11,718,000.
• CEO Cristina Helena Zing Junqueira sold 300,000 NU shares on March 23 at an average price of $14.81 for about $4.443 million, lowering her ownership by 11.48% to 2,312,338 shares.
• Analysts remain generally positive with 12 Buy and 2 Hold ratings, giving NU a consensus target price of $18.46 and an average rating of "Moderate Buy."

Flossbach Von Storch SE reduced its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 12.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 700,000 shares of the company's stock after selling 100,000 shares during the quarter. Flossbach Von Storch SE's holdings in NU were worth $11,718,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in NU. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of NU by 5.8% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 7,954,136 shares of the company's stock worth $133,152,000 after acquiring an additional 433,033 shares during the last quarter. Aprio Wealth Management LLC acquired a new position in NU during the 4th quarter valued at about $192,000. Pictet Asset Management Holding SA boosted its stake in NU by 2.2% during the 4th quarter. Pictet Asset Management Holding SA now owns 4,745,936 shares of the company's stock valued at $79,444,000 after purchasing an additional 104,139 shares during the last quarter. Physician Wealth Advisors Inc. increased its holdings in NU by 143.9% during the 4th quarter. Physician Wealth Advisors Inc. now owns 4,032 shares of the company's stock worth $67,000 after purchasing an additional 2,379 shares in the last quarter. Finally, State of Michigan Retirement System increased its holdings in NU by 42.1% during the 4th quarter. State of Michigan Retirement System now owns 540,800 shares of the company's stock worth $9,053,000 after purchasing an additional 160,100 shares in the last quarter. 84.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NU. Zacks Research lowered NU from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 24th. CICC Research initiated coverage on NU in a report on Tuesday, April 14th. They set an "outperform" rating and a $18.00 price target for the company. Itau BBA Securities reissued an "outperform" rating on shares of NU in a research report on Tuesday, March 17th. Bank of America restated a "neutral" rating on shares of NU in a research note on Monday, March 9th. Finally, Weiss Ratings raised shares of NU from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, February 18th. Twelve equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $18.46.

Insider Buying and Selling

In related news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of NU stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $14.81, for a total transaction of $4,443,000.00. Following the sale, the chief executive officer directly owned 2,312,338 shares in the company, valued at approximately $34,245,725.78. This trade represents a 11.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

NU Trading Up 1.1%

NYSE:NU opened at $14.68 on Tuesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.58 and a current ratio of 0.58. The firm has a market cap of $71.26 billion, a price-to-earnings ratio of 25.30, a price-to-earnings-growth ratio of 0.59 and a beta of 1.10. Nu Holdings Ltd. has a 52 week low of $11.71 and a 52 week high of $18.98. The firm has a 50-day moving average price of $14.88 and a two-hundred day moving average price of $16.02.

NU (NYSE:NU - Get Free Report) last announced its earnings results on Wednesday, February 25th. The company reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.18 by $0.01. The firm had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.55 billion. NU had a return on equity of 30.68% and a net margin of 18.19%. On average, equities analysts expect that Nu Holdings Ltd. will post 0.84 earnings per share for the current fiscal year.

NU Profile

Nu Holdings Ltd NYSE: NU, commonly known by its consumer brand Nubank, is a Latin American financial technology company that provides digital banking and financial services through a mobile-first platform. The company’s core offerings include no-fee digital checking accounts, credit cards, personal loans, payments and transfers, and a range of savings and investment products. Nubank emphasizes a streamlined customer experience delivered via its smartphone app, combined with data-driven underwriting and automated customer service tools.

Founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nu grew rapidly by targeting underbanked and digitally savvy consumers in Latin America with low-fee, transparent products.

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