Flossbach Von Storch SE Sells 75,000 Shares of Nu Holdings Ltd. (NYSE:NU)

Flossbach Von Storch SE cut its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 12.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 550,000 shares of the company’s stock after selling 75,000 shares during the period. Flossbach Von Storch SE’s holdings in NU were worth $5,698,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Baillie Gifford & Co. boosted its stake in shares of NU by 7.1% during the fourth quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company’s stock valued at $2,330,786,000 after purchasing an additional 14,875,891 shares during the period. Jennison Associates LLC increased its holdings in shares of NU by 7.1% during the third quarter. Jennison Associates LLC now owns 96,754,946 shares of the company’s stock valued at $1,320,705,000 after acquiring an additional 6,435,526 shares in the last quarter. State Street Corp boosted its position in shares of NU by 105.9% during the third quarter. State Street Corp now owns 78,865,138 shares of the company’s stock valued at $1,076,509,000 after buying an additional 40,560,986 shares during the last quarter. FMR LLC boosted its position in shares of NU by 16.4% during the third quarter. FMR LLC now owns 61,801,891 shares of the company’s stock valued at $843,596,000 after buying an additional 8,728,833 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in 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 purchasing an additional 16,638,397 shares during the last quarter. 84.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NU has been the topic of several research reports. Susquehanna raised their target price on NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th. Itau BBA Securities cut shares of NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. Citigroup cut NU from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $14.60 to $11.00 in a research note on Monday, December 2nd. The Goldman Sachs Group raised their target price on shares of NU from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Finally, UBS Group cut their target price on NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, NU presently has an average rating of “Hold” and an average price target of $15.80.

NU Stock Performance

Shares of NU stock opened at $13.48 on Thursday. The business’s 50 day moving average price is $11.92 and its 200 day moving average price is $13.23. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. The company has a market cap of $64.22 billion, a price-to-earnings ratio of 37.43, a PEG ratio of 0.48 and a beta of 1.10. Nu Holdings Ltd. has a one year low of $9.67 and a one year high of $16.15.

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.