Flossbach Von Storch AG grew its position in Nu Holdings Ltd. (NYSE:NU - Free Report) by 35.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 675,000 shares of the company's stock after buying an additional 175,000 shares during the quarter. Flossbach Von Storch AG's holdings in NU were worth $5,623,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. AE Wealth Management LLC lifted its position in shares of NU by 10.9% in the third quarter. AE Wealth Management LLC now owns 13,268 shares of the company's stock worth $96,000 after purchasing an additional 1,299 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of NU by 10.1% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 14,550 shares of the company's stock worth $121,000 after purchasing an additional 1,330 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of NU by 4.2% in the third quarter. O Shaughnessy Asset Management LLC now owns 33,583 shares of the company's stock worth $243,000 after purchasing an additional 1,364 shares in the last quarter. Impact Partnership Wealth LLC lifted its position in shares of NU by 14.4% in the third quarter. Impact Partnership Wealth LLC now owns 12,362 shares of the company's stock worth $90,000 after purchasing an additional 1,560 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of NU by 37.0% in the second quarter. PNC Financial Services Group Inc. now owns 6,081 shares of the company's stock worth $48,000 after purchasing an additional 1,641 shares in the last quarter. 80.90% of the stock is currently owned by institutional investors and hedge funds.
NU Stock Performance
Shares of NU stock traded down $0.12 on Thursday, reaching $10.67. The stock had a trading volume of 16,962,277 shares, compared to its average volume of 31,052,639. The business's 50-day moving average price is $11.25 and its two-hundred day moving average price is $9.37. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.31 and a current ratio of 0.38. Nu Holdings Ltd. has a fifty-two week low of $4.69 and a fifty-two week high of $12.39. The stock has a market cap of $50.07 billion, a P/E ratio of 50.79, a price-to-earnings-growth ratio of 0.53 and a beta of 1.08.
NU (NYSE:NU - Get Free Report) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.09 by ($0.01). NU had a return on equity of 20.02% and a net margin of 12.84%. The firm had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same quarter in the previous year, the firm posted $0.03 earnings per share. On average, sell-side analysts forecast that Nu Holdings Ltd. will post 0.39 EPS for the current year.
Analyst Upgrades and Downgrades
NU has been the subject of a number of research analyst reports. Susquehanna increased their price target on shares of NU from $11.00 to $12.00 and gave the stock a "positive" rating in a research report on Friday, February 23rd. UBS Group lifted their target price on shares of NU from $10.50 to $11.50 and gave the company a "buy" rating in a research note on Monday, January 29th. Finally, TheStreet upgraded shares of NU from a "c+" rating to a "b" rating in a research note on Friday, March 8th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, NU presently has an average rating of "Moderate Buy" and an average target price of $9.67.
Read Our Latest Report on NU
NU Company Profile
(
Free Report)
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.
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