Nu Holdings Ltd. $NU Shares Acquired by Allianz Asset Management GmbH

Allianz Asset Management GmbH increased its position in shares of Nu Holdings Ltd. (NYSE:NU) by 82.6% during the 3rd quarter, Holdings Channel.com reports. The fund owned 340,992 shares of the company’s stock after acquiring an additional 154,257 shares during the period. Allianz Asset Management GmbH’s holdings in NU were worth $5,459,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. State Street Corp increased its stake in NU by 2.4% during the second quarter. State Street Corp now owns 91,238,735 shares of the company’s stock worth $1,251,795,000 after purchasing an additional 2,158,037 shares during the period. WCM Investment Management LLC grew its holdings in shares of NU by 0.9% in the third quarter. WCM Investment Management LLC now owns 74,478,698 shares of the company’s stock valued at $1,187,935,000 after purchasing an additional 659,526 shares in the last quarter. Sands Capital Management LLC increased its stake in NU by 5.9% during the 2nd quarter. Sands Capital Management LLC now owns 54,504,428 shares of the company’s stock worth $747,801,000 after buying an additional 3,060,463 shares during the period. Norges Bank purchased a new stake in NU during the 2nd quarter worth approximately $626,569,000. Finally, Jennison Associates LLC lifted its holdings in NU by 38.1% during the 2nd quarter. Jennison Associates LLC now owns 41,962,679 shares of the company’s stock worth $575,728,000 after buying an additional 11,567,865 shares in the last quarter. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NU has been the subject of several research reports. The Goldman Sachs Group restated a “buy” rating and issued a $21.00 price target on shares of NU in a research note on Thursday, December 18th. UBS Group lifted their target price on NU from $16.00 to $18.40 and gave the company a “neutral” rating in a report on Thursday, December 4th. KeyCorp upped their price target on NU from $15.00 to $19.00 and gave the stock an “overweight” rating in a report on Friday, November 14th. JPMorgan Chase & Co. increased their price target on NU from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Thursday, November 20th. Finally, Zacks Research upgraded NU from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, NU has an average rating of “Moderate Buy” and an average target price of $18.34.

NU Stock Up 0.2%

NU stock opened at $17.58 on Wednesday. The stock has a market cap of $84.71 billion, a PE ratio of 34.47, a P/E/G ratio of 0.57 and a beta of 1.08. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.56 and a quick ratio of 0.56. The stock’s fifty day moving average is $17.15 and its two-hundred day moving average is $15.76. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $18.98.

NU (NYSE:NU) last released its quarterly earnings data on Thursday, November 13th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.02. NU had a return on equity of 30.12% and a net margin of 17.97%.The business had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $3.96 billion. On average, sell-side analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

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.