GFS Advisors LLC Grows Stock Position in Nu Holdings Ltd. (NYSE:NU)

GFS Advisors LLC boosted its position in Nu Holdings Ltd. (NYSE:NU) by 128.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,172,504 shares of the company’s stock after buying an additional 659,289 shares during the period. NU makes up about 1.8% of GFS Advisors LLC’s holdings, making the stock its 17th biggest position. GFS Advisors LLC’s holdings in NU were worth $12,147,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of NU. State Street Corp lifted its holdings in shares of NU by 105.9% in the 3rd quarter. State Street Corp now owns 78,865,138 shares of the company’s stock valued at $1,076,509,000 after buying an additional 40,560,986 shares during the period. Baillie Gifford & Co. raised its position in NU by 13.0% in the third quarter. Baillie Gifford & Co. now owns 210,103,451 shares of the company’s stock worth $2,867,912,000 after acquiring an additional 24,140,416 shares in the last quarter. Geode Capital Management LLC lifted its holdings in NU by 104.3% in the third quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company’s stock valued at $442,935,000 after acquiring an additional 16,638,397 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of NU by 458.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,147,349 shares of the company’s stock worth $193,111,000 after purchasing an additional 11,613,191 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of NU by 122.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 16,008,683 shares of the company’s stock worth $165,850,000 after purchasing an additional 8,806,495 shares during the period. 84.02% of the stock is owned by institutional investors and hedge funds.

NU Trading Down 1.5 %

Shares of NU stock opened at $13.24 on Friday. The company has a market capitalization of $63.08 billion, a price-to-earnings ratio of 36.76, a PEG ratio of 0.45 and a beta of 1.05. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. The firm has a 50-day moving average price of $11.64 and a 200 day moving average price of $13.12. Nu Holdings Ltd. has a twelve month low of $8.58 and a twelve month high of $16.15.

Analyst Ratings Changes

Several analysts recently commented on the stock. Itau BBA Securities cut shares of NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. The Goldman Sachs Group lifted their price target on shares of NU from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Citigroup cut NU from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $14.60 to $11.00 in a report on Monday, December 2nd. Susquehanna boosted their target price on NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th. Finally, KeyCorp raised their price target on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $15.63.

NU 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.