GFS Advisors LLC Acquires 433,429 Shares of Nu Holdings Ltd. (NYSE:NU)

GFS Advisors LLC grew its stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 37.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 1,605,933 shares of the company's stock after acquiring an additional 433,429 shares during the period. NU comprises about 3.3% of GFS Advisors LLC's portfolio, making the stock its 6th largest holding. GFS Advisors LLC's holdings in NU were worth $16,445,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Matthews International Capital Management LLC boosted its holdings in shares of NU by 28.9% in the first quarter. Matthews International Capital Management LLC now owns 281,650 shares of the company's stock worth $2,884,000 after buying an additional 63,192 shares during the period. Broderick Brian C purchased a new stake in shares of NU in the 1st quarter valued at approximately $322,000. Financial Perspectives Inc lifted its position in shares of NU by 7.7% in the 1st quarter. Financial Perspectives Inc now owns 32,919 shares of the company's stock valued at $337,000 after acquiring an additional 2,352 shares in the last quarter. CENTRAL TRUST Co boosted its stake in NU by 4,642.9% in the 1st quarter. CENTRAL TRUST Co now owns 6,640 shares of the company's stock worth $68,000 after purchasing an additional 6,500 shares during the period. Finally, Insigneo Advisory Services LLC grew its position in NU by 56.0% during the 1st quarter. Insigneo Advisory Services LLC now owns 41,463 shares of the company's stock worth $425,000 after purchasing an additional 14,889 shares in the last quarter. 84.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Susquehanna increased their target price on NU from $14.00 to $15.00 and gave the company a "positive" rating in a report on Wednesday, May 14th. Barclays upped their price target on NU from $15.00 to $16.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. JPMorgan Chase & Co. upgraded NU from a "neutral" rating to an "overweight" rating and decreased their price objective for the stock from $14.00 to $13.00 in a research report on Tuesday, April 8th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of NU in a research note on Friday, June 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, NU has an average rating of "Moderate Buy" and an average price target of $15.13.

NU Price Performance

NU opened at $12.25 on Thursday. The stock has a fifty day moving average price of $12.05 and a 200 day moving average price of $11.71. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.20. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $16.15. The stock has a market cap of $59.00 billion, a price-to-earnings ratio of 28.48, a PEG ratio of 0.70 and a beta of 1.04.

NU (NYSE:NU - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.01). NU had a net margin of 17.88% and a return on equity of 30.77%. The firm had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same quarter in the prior year, the firm earned $0.09 earnings per share. Analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

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.

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