GFS Advisors LLC Cuts Stock Holdings in Nu Holdings Ltd. $NU

GFS Advisors LLC lowered its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 42.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 628,205 shares of the company’s stock after selling 460,450 shares during the quarter. NU accounts for 1.3% of GFS Advisors LLC’s investment portfolio, making the stock its 25th largest holding. GFS Advisors LLC’s holdings in NU were worth $10,058,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the stock. Verdence Capital Advisors LLC grew its stake in shares of NU by 1.8% in the 3rd quarter. Verdence Capital Advisors LLC now owns 44,508 shares of the company’s stock worth $712,000 after acquiring an additional 804 shares in the last quarter. Canvas Wealth Advisors LLC boosted its holdings in NU by 4.9% during the third quarter. Canvas Wealth Advisors LLC now owns 19,087 shares of the company’s stock worth $292,000 after purchasing an additional 900 shares during the last quarter. Covestor Ltd grew its position in NU by 8.2% in the 3rd quarter. Covestor Ltd now owns 12,194 shares of the company’s stock worth $195,000 after purchasing an additional 919 shares in the last quarter. TD Waterhouse Canada Inc. increased its stake in NU by 15.3% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 7,324 shares of the company’s stock valued at $128,000 after buying an additional 972 shares during the last quarter. Finally, Core Wealth Partners LLC lifted its position in shares of NU by 8.0% during the 3rd quarter. Core Wealth Partners LLC now owns 13,500 shares of the company’s stock worth $216,000 after buying an additional 1,000 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on NU. UBS Group upped their target price on NU from $16.00 to $18.40 and gave the company a “neutral” rating in a report on Thursday, December 4th. Zacks Research raised NU from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 9th. KeyCorp lifted their target price on NU from $15.00 to $19.00 and gave the stock an “overweight” rating in a research note on Friday, November 14th. Susquehanna boosted their price target on shares of NU from $19.00 to $22.00 and gave the stock a “positive” rating in a report on Tuesday, January 27th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $21.00 price objective on shares of NU in a report on Thursday, December 18th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $18.34.

NU Stock Down 2.2%

Shares of NYSE NU opened at $17.02 on Friday. Nu Holdings Ltd. has a one year low of $9.01 and a one year high of $18.98. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.56 and a quick ratio of 0.56. The business’s fifty day moving average price is $17.14 and its 200-day moving average price is $15.78. The stock has a market capitalization of $82.01 billion, a PE ratio of 33.37, a P/E/G ratio of 0.57 and a beta of 1.08.

NU (NYSE:NU) last announced its quarterly earnings data on Thursday, November 13th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.02. NU had a return on equity of 30.12% and a net margin of 17.97%.The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $3.96 billion. On average, equities research analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current year.

NU Profile

Nu Holdings Ltd (NYSE: NU), commonly known by its consumer brand Nubank, is a Latin American financial technology company that provides digital banking and financial services through a mobile-first platform. The company’s core offerings include no-fee digital checking accounts, credit cards, personal loans, payments and transfers, and a range of savings and investment products. Nubank emphasizes a streamlined customer experience delivered via its smartphone app, combined with data-driven underwriting and automated customer service tools.

Founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nu grew rapidly by targeting underbanked and digitally savvy consumers in Latin America with low-fee, transparent products.