GFS Advisors LLC Boosts Holdings in Nu Holdings Ltd. (NYSE:NU)

GFS Advisors LLC lifted its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 128.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,172,504 shares of the company’s stock after acquiring an additional 659,289 shares during the period. NU accounts for about 1.8% of GFS Advisors LLC’s investment portfolio, making the stock its 17th largest position. GFS Advisors LLC’s holdings in NU were worth $12,147,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of NU. AQR Capital Management LLC grew its position in NU by 19.5% during the second quarter. AQR Capital Management LLC now owns 186,897 shares of the company’s stock valued at $2,409,000 after acquiring an additional 30,498 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of NU by 9.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 314,189 shares of the company’s stock worth $4,050,000 after purchasing an additional 27,662 shares during the period. Creative Planning increased its position in NU by 1,937.0% during the 2nd quarter. Creative Planning now owns 418,624 shares of the company’s stock worth $5,396,000 after purchasing an additional 398,073 shares in the last quarter. NewEdge Advisors LLC purchased a new position in NU in the second quarter valued at approximately $2,148,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in NU during the second quarter valued at approximately $135,000. 84.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NU has been the subject of several recent research reports. Susquehanna increased their price objective on shares of NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th. Itau BBA Securities lowered NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. KeyCorp increased their target price on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Citigroup lowered NU from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $14.60 to $11.00 in a research report on Monday, December 2nd. Finally, The Goldman Sachs Group increased their price objective 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $15.63.

NU Stock Performance

NU stock opened at $13.24 on Friday. 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 stock has a 50 day moving average of $11.64 and a 200-day moving average of $13.12. The stock has a market cap of $63.08 billion, a P/E ratio of 36.76, a price-to-earnings-growth ratio of 0.45 and a beta of 1.05. Nu Holdings Ltd. has a 52 week low of $8.58 and a 52 week high of $16.15.

About NU

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.