Billionaire Israel Englander Just Bought 30.9 Million Shares in This Little-Known Warren Buffett and Cathie Wood Stock. Time to Buy?

Motley Fool10-18

Funds managed by Warren Buffett, Cathie Wood, and Israel Englander all have positions in Nu Holdings. Nu is a rapidly growing digital bank that operates in Latin America. Financial ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2476022974?lang=en_US&edition=fundamental","thumbnail":"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F794331%2Fatm-deposit-withdrawal-money-bank.jpg&op=resize&w=165&h=104","is_english":true,"pubTime":"2024-10-18 18:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2476022974","market":"us","top_or_hot":-1,"title":"Billionaire Israel Englander Just Bought 30.9 Million Shares in This Little-Known Warren Buffett and Cathie Wood Stock. Time to Buy?","media":"Motley Fool","content":"<div>\n<p>Funds managed by Warren Buffett, Cathie Wood, and Israel Englander all have positions in Nu Holdings.\n\n\n\n\n\n\n\nNu is a rapidly growing digital bank that operates in Latin America.\n\n\n\n\n\n\n\nFinancial ...</p>\n\n<a href=\"https://www.fool.com/investing/2024/10/18/billionaire-israel-englander-just-bought-309-milli/\">Source Link</a>\n\n</div>\n","source":"fool_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Billionaire Israel Englander Just Bought 30.9 Million Shares in This Little-Known Warren Buffett and Cathie Wood Stock. Time to Buy?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBillionaire Israel Englander Just Bought 30.9 Million Shares in This Little-Known Warren Buffett and Cathie Wood Stock. Time to Buy?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-18 18:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2024/10/18/billionaire-israel-englander-just-bought-309-milli/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Funds managed by Warren Buffett, Cathie Wood, and Israel Englander all have positions in Nu Holdings.\n\n\n\n\n\n\n\nNu is a rapidly growing digital bank that operates in Latin America.\n\n\n\n\n\n\n\nFinancial ...</p>\n\n<a href=\"https://www.fool.com/investing/2024/10/18/billionaire-israel-englander-just-bought-309-milli/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://www.fool.com/investing/2024/10/18/billionaire-israel-englander-just-bought-309-milli/","article_id":"2476022974","we_media_id":null,"thumbnails":["https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F794331%2Fatm-deposit-withdrawal-money-bank.jpg&op=resize&w=165&h=104"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2476022974","pubTimestamp":1729245600,"sourceInfo":{"source_id":"fool_stock","name":"Motley Fool"},"weMediaInfo":null,"summary":"The hedge fund magnate's firm just increased its stake in this small financial services stock.","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","BK4550":"红杉资本持仓","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","BK4544":"ARK ETF合集","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","BK4581":"高盛持仓","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU0234572021.USD":"高盛美国核心股票组合Acc","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","LU0251142724.SGD":"Fidelity America A-SGD","BK4176":"多领域控股","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","LU0683600562.USD":"AB SELECT US EQUITY \"A\" (USD) ACC","LU0157215616.USD":"FIDELITY GLOBAL FOCUS \"A\" INC","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","LU0787776722.HKD":"AB SELECT US EQUITY PORTFOLIO \"A\" (HKD) ACC","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","IE000M9KFDE8.USD":"NEUBERGER BERMAN US LARGE CAP VALUE \"A\" (USD) ACC","LU0971096721.USD":"富达环球金融服务 A","ARKK":"ARK Innovation ETF","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0149725797.USD":"汇丰美国股市经济规模基金","BRK.B":"伯克希尔B","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","LU0251131958.USD":"FIDELITY AMERICA \"A\" (USD) ACC","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","IE0034235303.USD":"PINEBRIDGE US RESEARCH ENHANCED CORE EQUITY \"A\" (USD) ACC","LU0154236417.USD":"BGF US FLEXIBLE EQUITY \"A2\" ACC","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU1366333091.USD":"FIDELITY GLOBAL FOCUS \"A\" (USD) ACC","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H"},"translate_title":"亿万富翁伊斯雷尔·英格兰德刚刚购买了3090万股这只鲜为人知的沃伦·巴菲特和凯西·伍德股票。是时候买了？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ARKK":1,"BRK.B":0.7},"content_text":"Funds managed by Warren Buffett, Cathie Wood, and Israel Englander all have positions in Nu Holdings.\n\n\n\n\n\n\n\nNu is a rapidly growing digital bank that operates in Latin America.\n\n\n\n\n\n\n\nFinancial services is an enormous opportunity in the region.\n\nFinancial services is one of Warren Buffett's favorite industries. His investment vehicle, Berkshire Hathaway, owns a number of insurance and bank stocks.Another high-profile investor, Cathie Wood, also owns a number of financial services stocks across her exchange-traded funds (ETFs). One rare position that Wood and Buffett share is a fintech company called Nu Holdings (NU 0.35%).Recently, I was taking a look at some 13F filings and discovered that another well-known Wall Street titan, Israel Englander of Millennium Management, purchased 30.9 million shares of Nu Holdings last quarter -- increasing the hedge fund's position by 370%.If you're unfamiliar with Nu Holdings, you might want to put it on your radar. Let's dig into what makes this up-and-coming financial services company so attractive, and explore if now is a good opportunity to join Buffett, Wood, and Englander.What does Nu Holdings do?At its core, Nu is a banking platform. The company offers a variety of services including credit cards, lending, insurance, and investing -- all made easy through the company's online platform.Simple enough, right? Well, there's actually a little more to the picture.While Nu may be seen as a commoditized business offering the same set of products as other larger industry incumbents, there is one big differentiator at play here. Namely, Nu absolutely dominates a key geographic region: Latin America.Image source: Getty Images.Why Nu could be a lucrative opportunityFinancial services and online banking may seem second nature for many people. However, many areas around the world have not yet fully integrated these services and technology into everyday life.In Latin America, digital banking is still an emerging product. According to a recent study by the Inter-American Development Bank (IDB), the number of fintech start-ups across Latin America and the Caribbean has risen by 340% during the past six years. Brazil, Mexico, and Colombia account for the majority of this growth in the region.These trends have surely been a tailwind for Nu. At the end of the second quarter of 2018, Nu boasted roughly 5 million customers on its platform. As of the end of the 2024 second quarter, the company has grown more than 20-fold to 105 million customers.As the company continues acquiring more customers, Nu should be able to strengthen its unit economics by cross-selling additional products and services -- further boosting its average revenue per user (ARPU).With revenue growth eclipsing 50% on a consistent basis, gross profit margin in excess of 40%, and consistent positive net income, Nu is demonstrating an impressive financial profile across the board and I don't see that slowing anytime soon.Is Nu a good stock to buy right now?As of the time of this article, Nu trades at a forward price-to-earnings (P/E) multiple of 23.8.To put this into perspective, Nu's forward P/E is trading considerably lower than those of other emerging fintechs such as SoFi Technologies or Upstart -- both of which compete in much more saturated markets. Moreover, the average forward P/E of the S&P 500 is 23 -- nearly identical to that of Nu. I'd wager that most companies in the S&P 500 aren't having top line growth of between 50% and 60% on a consistent basis all while widening their profit margins. To me, Nu is very much overlooked and may be mistaken as \"just another bank.\" Financial services have a long runway in Latin America, and given Nu's meteoric rise across the region I'm hard-pressed to believe the company's penetration will be disrupted by another player anytime soon.I think the stock could easily become a multibagger for long-term investors and see the latest purchase from Englander as a savvy move.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"Shareholding Changes","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.0","shortVersion":"4.29.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2476022974"}