Flossbach Von Storch SE Makes New Investment in Nu Holdings Ltd. $NU

Flossbach Von Storch SE acquired a new stake in shares of Nu Holdings Ltd. (NYSE:NU) during the second quarter, Holdings Channel reports. The institutional investor acquired 400,000 shares of the company’s stock, valued at approximately $5,344,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd boosted its stake in shares of NU by 14,810.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,491 shares of the company’s stock worth $25,000 after buying an additional 1,481 shares during the last quarter. Cornerstone Planning Group LLC lifted its stake in NU by 5,448.3% in the 4th quarter. Cornerstone Planning Group LLC now owns 1,609 shares of the company’s stock valued at $27,000 after buying an additional 1,580 shares in the last quarter. Zions Bancorporation National Association UT acquired a new position in NU in the 4th quarter valued at $27,000. Morse Asset Management Inc purchased a new position in shares of NU in the fourth quarter worth about $31,000. Finally, Fifth Third Bancorp lifted its stake in NU by 433.0% in the 4th quarter. Fifth Third Bancorp now owns 1,988 shares of the company’s stock worth $33,000 after purchasing an additional 1,615 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other NU news, CEO Cristina Helena Zing Junqueira sold 50,000 shares of the firm’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $15.80, for a total transaction of $790,000.00. Following the transaction, the chief executive officer directly owned 4,927,593 shares of the company’s stock, valued at approximately $77,855,969.40. This trade represents a 1.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Henrique Camossa Sald Fragelli sold 221,707 shares of NU stock in a transaction on Friday, August 14th. The shares were sold at an average price of $15.81, for a total transaction of $3,505,187.67. Following the completion of the transaction, the insider owned 979,446 shares in the company, valued at approximately $15,485,041.26. This represents a 18.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.20% of the company’s stock.

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 Performance

Shares of NU stock opened at $14.59 on Thursday. The firm 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. Nu Holdings Ltd. has a 52 week low of $11.20 and a 52 week high of $18.98. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.35. The firm’s 50 day moving average is $13.68 and its two-hundred day moving average is $14.26.

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

NU announced that its board has approved a stock buyback plan on Thursday, June 4th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Scotiabank lowered shares of NU to a “sector perform” rating and set a $13.00 target price on the stock. in a report on Wednesday, June 3rd. Susquehanna raised their price objective on shares of NU from $13.00 to $16.00 and gave the company a “neutral” rating in a research note on Friday, August 14th. Weiss Ratings reissued a “hold (c+)” rating on shares of NU in a research note on Friday, August 7th. Bank of America reaffirmed an “underperform” rating on shares of NU in a research report on Tuesday, June 2nd. Finally, Needham & Company LLC raised their price target on NU from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Friday, August 14th. Nine research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, NU currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.59.

NU Company 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.