Flossbach Von Storch SE Purchases Shares of 400,000 Nu Holdings Ltd. $NU

Flossbach Von Storch SE purchased a new position in shares of Nu Holdings Ltd. (NYSE:NU) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 400,000 shares of the company’s stock, valued at approximately $5,344,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its position in NU by 63.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,768 shares of the company’s stock worth $52,000 after buying an additional 1,464 shares during the last quarter. Jump Financial LLC grew its position in NU by 541.8% during the second quarter. Jump Financial LLC now owns 185,434 shares of the company’s stock valued at $2,544,000 after acquiring an additional 156,539 shares during the last quarter. WINTON GROUP Ltd raised its stake in shares of NU by 38.5% during the second quarter. WINTON GROUP Ltd now owns 37,156 shares of the company’s stock worth $510,000 after acquiring an additional 10,332 shares in the last quarter. AXA S.A. raised its stake in shares of NU by 1.4% during the second quarter. AXA S.A. now owns 192,311 shares of the company’s stock worth $2,639,000 after acquiring an additional 2,682 shares in the last quarter. Finally, Nebula Research & Development LLC lifted its holdings in shares of NU by 63.7% in the 2nd quarter. Nebula Research & Development LLC now owns 19,937 shares of the company’s stock worth $274,000 after acquiring an additional 7,760 shares during the last quarter. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting NU

Here are the key news stories impacting NU this week:

• Positive Sentiment: Nu Holdings’ latest results reinforced its growth story, with revenue reaching $5.88 billion and earnings per share of $0.22. The company’s digital banking platform continues to add customers and expand across Latin America. Nu Holdings Still Has A Massive Growth Runway
• Positive Sentiment: An investment thesis published by The Motley Fool highlighted the potential for continued customer, revenue and earnings growth, supporting bullish interest in NU despite valuation and credit-quality considerations. Nu Holdings Stock: Buy or Sell?
• Positive Sentiment: Maverick Capital’s reported portfolio rotation included NU, potentially providing a favorable signal about institutional investor interest in the company. One of Wall Street’s Best-Known Hedge Funds Just Loaded Up on These 5 Stocks
• Neutral Sentiment: Credit quality was a weak spot in the quarter: nonperforming-loan ratios remained elevated. Investors will likely monitor whether loan losses rise as Nu expands its lending operations.
• Negative Sentiment: Insiders disclosed sizable sales on August 14. CEO Cristina Junqueira sold 50,000 shares for approximately $790,000, while Henrique Camossa Sald Fragelli sold 221,707 shares worth about $3.5 million. The sales were a relatively small portion of the CEO’s holdings but could modestly weigh on sentiment. Insider Selling: NU CEO Sells Stock

NU Stock Up 1.7%

NU stock opened at $14.59 on Thursday. The stock has a market capitalization of $70.86 billion, a P/E ratio of 19.72, a P/E/G ratio of 0.56 and a beta of 0.94. The business has a fifty day moving average price of $13.68 and a 200-day moving average price of $14.26. Nu Holdings Ltd. has a 1-year low of $11.20 and a 1-year high of $18.98. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.55 and a quick ratio of 0.55.

NU (NYSE:NU) last issued its quarterly earnings data on Tuesday, June 30th. The company reported $0.22 EPS for the quarter. NU had a return on equity of 31.59% and a net margin of 18.65%.The company had revenue of $5.88 billion during the quarter. Equities analysts forecast that Nu Holdings Ltd. will post 0.85 earnings per share for the current fiscal year.

NU announced that its board has authorized a share repurchase plan on Thursday, June 4th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Insider Transactions at NU

In other news, CEO Cristina Helena Zing Junqueira sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $15.80, for a total transaction of $790,000.00. Following the transaction, the chief executive officer owned 4,927,593 shares of the company’s stock, valued at approximately $77,855,969.40. The trade was a 1.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Henrique Camossa Sald Fragelli sold 221,707 shares of the stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $15.81, for a total transaction of $3,505,187.67. Following the completion of the sale, the insider directly owned 979,446 shares in the company, valued at $15,485,041.26. This trade represents a 18.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on NU shares. Scotiabank cut shares of NU to a “sector perform” rating and set a $13.00 price objective for the company. in a research note on Wednesday, June 3rd. Susquehanna upped their price target on shares of NU from $13.00 to $16.00 and gave the company a “neutral” rating in a research report on Friday, August 14th. UBS Group reduced their price objective on NU from $18.10 to $16.90 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. JPMorgan Chase & Co. lifted their price objective on NU from $18.00 to $20.00 and gave the stock an “overweight” rating in a report on Tuesday, July 7th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of NU in a research note on Friday, August 7th. Nine investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $17.59.

About NU

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.