Allianz Asset Management GmbH Raises Holdings in Nu Holdings Ltd. $NU

Allianz Asset Management GmbH raised its position in Nu Holdings Ltd. (NYSE:NU) by 82.6% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 340,992 shares of the company’s stock after purchasing 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.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jordan Park Group LLC lifted its stake in shares of NU by 129.3% in the third quarter. Jordan Park Group LLC now owns 1,958,842 shares of the company’s stock worth $31,000 after buying an additional 1,104,421 shares in the last quarter. Quaker Wealth Management LLC raised its holdings in NU by 212.7% in the 2nd quarter. Quaker Wealth Management LLC now owns 2,300 shares of the company’s stock valued at $32,000 after acquiring an additional 4,341 shares during the last quarter. Allworth Financial LP lifted its stake in NU by 166.6% in the 2nd quarter. Allworth Financial LP now owns 2,562 shares of the company’s stock worth $35,000 after purchasing an additional 1,601 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in NU in the 2nd quarter worth approximately $36,000. Finally, Atlantic Union Bankshares Corp acquired a new position in shares of NU during the 2nd quarter worth approximately $38,000. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Stock Up 0.2%

Shares of NYSE:NU opened at $17.58 on Wednesday. The company has a market capitalization of $84.71 billion, a price-to-earnings ratio of 34.47, a PEG ratio of 0.57 and a beta of 1.08. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $18.98. The business has a 50-day moving average price of $17.15 and a 200 day moving average price of $15.76. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.29.

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

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Susquehanna increased their price target on NU from $19.00 to $22.00 and gave the company a “positive” rating in a report on Tuesday, January 27th. JPMorgan Chase & Co. upped their target price on NU from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Thursday, November 20th. Zacks Research raised NU from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 9th. UBS Group lifted their price target on NU from $16.00 to $18.40 and gave the stock a “neutral” rating in a report on Thursday, December 4th. Finally, Santander raised shares of NU from a “neutral” rating to an “outperform” rating in a report on Thursday, December 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.34.

NU 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.