Flossbach Von Storch SE Has $5.70 Million Holdings in Nu Holdings Ltd. (NYSE:NU)

Flossbach Von Storch SE lessened its stake in Nu Holdings Ltd. (NYSE:NU) by 12.0% in the 4th quarter, according to its most recent disclosure with the Securities & 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.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Fisher Asset Management LLC acquired a new position in NU during the third quarter worth $98,704,000. Thrivent Financial for Lutherans raised its position in NU by 23.2% during the third quarter. Thrivent Financial for Lutherans now owns 257,648 shares of the company’s stock worth $3,517,000 after acquiring an additional 48,445 shares in the last quarter. Adero Partners LLC raised its position in NU by 5.7% during the third quarter. Adero Partners LLC now owns 4,819,355 shares of the company’s stock worth $65,784,000 after acquiring an additional 259,324 shares in the last quarter. Summit Partners Public Asset Management LLC raised its position in NU by 20.0% during the third quarter. Summit Partners Public Asset Management LLC now owns 300,000 shares of the company’s stock worth $4,095,000 after acquiring an additional 50,000 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft raised its position in NU by 19.6% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 355,332 shares of the company’s stock worth $3,680,000 after acquiring an additional 58,183 shares in the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Stock Performance

NYSE:NU opened at $13.48 on Thursday. The company has a fifty day moving average of $11.92 and a 200-day moving average of $13.23. The firm has a market capitalization of $64.22 billion, a P/E ratio of 37.43, a P/E/G ratio of 0.48 and a beta of 1.10. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. Nu Holdings Ltd. has a twelve month low of $9.67 and a twelve month high of $16.15.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on NU shares. UBS Group dropped their price objective on shares of NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday. Citigroup lowered shares of NU from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $14.60 to $11.00 in a research report on Monday, December 2nd. Itau BBA Securities lowered shares of NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. KeyCorp increased their price objective on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Finally, The Goldman Sachs Group raised their price target on shares of NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $15.80.

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.