150,000 Shares in Nu Holdings Ltd (NYSE:NU) Purchased by Flossbach Von Storch AG

Flossbach Von Storch AG acquired a new position in Nu Holdings Ltd (NYSE:NUGet Rating) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 150,000 shares of the company’s stock, valued at approximately $1,407,000.

A number of other hedge funds have also recently made changes to their positions in NU. Genesis Investment Management LLP acquired a new stake in NU in the fourth quarter worth about $126,258,000. Baillie Gifford & Co. acquired a new stake in NU in the fourth quarter worth about $255,925,000. Russell Investments Group Ltd. bought a new position in NU during the fourth quarter worth about $3,571,000. Sands Capital Ventures LLC bought a new position in NU during the fourth quarter worth about $85,704,000. Finally, WCM Investment Management LLC bought a new position in NU during the fourth quarter worth about $114,204,000. Hedge funds and other institutional investors own 1.81% of the company’s stock.

Several equities analysts recently issued reports on NU shares. Susquehanna Bancshares started coverage on NU in a research report on Monday, January 3rd. They issued a “positive” rating and a $14.00 price objective for the company. Moffett Nathanson started coverage on NU in a research report on Tuesday, April 5th. They issued a “buy” rating and a $11.00 price objective for the company. Bank of America started coverage on NU in a research report on Friday, January 28th. They issued a “neutral” rating and a $7.50 price objective for the company. Wolfe Research started coverage on NU in a research report on Monday, January 3rd. They issued an “outperform” rating and a $13.00 price objective for the company. Finally, Zacks Investment Research lowered NU from a “hold” rating to a “sell” rating in a research report on Tuesday, March 8th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, NU has an average rating of “Hold” and an average target price of $11.27.

NYSE:NU traded up $0.30 during trading hours on Tuesday, reaching $7.19. 273,993 shares of the stock were exchanged, compared to its average volume of 11,461,127. Nu Holdings Ltd has a twelve month low of $5.55 and a twelve month high of $12.24. The company’s 50 day simple moving average is $7.86.

NU Company Profile (Get Rating)

Nu Holdings Ltd. provides digital banking and technology platform. Nu Holdings Ltd. is based in S?O PAULO.

See Also

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Institutional Ownership by Quarter for NU (NYSE:NU)

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