Allianz Asset Management GmbH Takes $2.56 Million Position in Nu Holdings Ltd. $NU

Allianz Asset Management GmbH bought a new position in shares of Nu Holdings Ltd. (NYSE:NU) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 186,735 shares of the company’s stock, valued at approximately $2,562,000.

Other large investors have also added to or reduced their stakes in the company. Armstrong Advisory Group Inc. acquired a new stake in NU during the second quarter worth approximately $27,000. ORG Partners LLC grew its stake in NU by 474.1% during the second quarter. ORG Partners LLC now owns 2,325 shares of the company’s stock worth $32,000 after purchasing an additional 1,920 shares during the period. Ameritas Advisory Services LLC acquired a new stake in NU during the second quarter worth approximately $36,000. Capital Analysts LLC acquired a new stake in NU during the first quarter worth approximately $31,000. Finally, TFC Financial Management Inc. grew its stake in NU by 74.1% during the first quarter. TFC Financial Management Inc. now owns 3,114 shares of the company’s stock worth $32,000 after purchasing an additional 1,325 shares during the period. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Trading Down 0.3%

Shares of NU stock opened at $15.86 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.57 and a current ratio of 0.57. Nu Holdings Ltd. has a 52 week low of $9.01 and a 52 week high of $16.42. The stock has a 50 day moving average price of $15.17 and a two-hundred day moving average price of $13.33. The stock has a market capitalization of $76.40 billion, a PE ratio of 34.47, a price-to-earnings-growth ratio of 0.83 and a beta of 1.08.

NU (NYSE:NU) last posted its earnings results on Thursday, August 14th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. NU had a return on equity of 29.91% and a net margin of 17.90%.The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same quarter last year, the company earned $0.12 earnings per share. As a group, equities analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NU has been the subject of several recent analyst reports. Itau BBA Securities raised NU from a “market perform” rating to an “outperform” rating and set a $18.00 target price for the company in a research note on Monday, August 18th. Susquehanna raised their target price on NU from $15.00 to $17.00 and gave the stock a “positive” rating in a research note on Wednesday, August 27th. Bank of America raised their price objective on NU from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, August 25th. Weiss Ratings reissued a “hold (c)” rating on shares of NU in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. raised their price objective on NU from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, September 5th. Nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $17.10.

NU Company 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.