Flossbach Von Storch SE lowered its position in Nu Holdings Ltd. (NYSE:NU - Free Report) by 12.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 550,000 shares of the company's stock after selling 75,000 shares during the quarter. Flossbach Von Storch SE's holdings in NU were worth $5,698,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. State Street Corp raised its position in NU by 105.9% in the 3rd quarter. State Street Corp now owns 78,865,138 shares of the company's stock worth $1,076,509,000 after purchasing an additional 40,560,986 shares during the period. Baillie Gifford & Co. grew its stake in shares of NU by 13.0% during the third quarter. Baillie Gifford & Co. now owns 210,103,451 shares of the company's stock valued at $2,867,912,000 after buying an additional 24,140,416 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of NU by 104.3% in the third quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company's stock worth $442,935,000 after buying an additional 16,638,397 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of NU by 458.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,147,349 shares of the company's stock worth $193,111,000 after acquiring an additional 11,613,191 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in NU by 122.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 16,008,683 shares of the company's stock valued at $165,850,000 after acquiring an additional 8,806,495 shares during the period. Institutional investors own 84.02% of the company's stock.
Wall Street Analysts Forecast Growth
NU has been the topic of a number of recent analyst reports. Susquehanna increased their target price on NU from $16.00 to $18.00 and gave the stock a "positive" rating in a research note on Thursday, November 14th. KeyCorp upped their price target on shares of NU from $15.00 to $17.00 and gave the stock an "overweight" rating in a report on Thursday, November 14th. UBS Group decreased their price objective on shares of NU from $15.50 to $15.00 and set a "neutral" rating for the company in a report on Tuesday. Citigroup downgraded shares of NU from a "neutral" rating to a "sell" rating and dropped their target price for the stock from $14.60 to $11.00 in a research note on Monday, December 2nd. Finally, The Goldman Sachs Group lifted their price target on shares of NU from $17.00 to $19.00 and gave the company a "buy" rating in a research note on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, NU currently has an average rating of "Hold" and a consensus target price of $15.80.
View Our Latest Stock Analysis on NU
NU Stock Down 19.2 %
Shares of NU traded down $2.57 during mid-day trading on Friday, hitting $10.78. The company's stock had a trading volume of 164,182,373 shares, compared to its average volume of 39,333,508. The firm has a market capitalization of $51.35 billion, a price-to-earnings ratio of 29.93, a PEG ratio of 0.48 and a beta of 1.10. The company's 50-day moving average is $11.92 and its 200-day moving average is $13.23. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. Nu Holdings Ltd. has a 52-week low of $9.67 and a 52-week high of $16.15.
NU (NYSE:NU - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.12 EPS for the quarter, hitting the consensus estimate of $0.12. NU had a return on equity of 28.70% and a net margin of 16.28%. The firm had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.17 billion. On average, equities research analysts forecast that Nu Holdings Ltd. will post 0.42 EPS for the current fiscal year.
NU Company Profile
(
Free Report)
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.
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