GFS Advisors LLC Sells 517,278 Shares of Nu Holdings Ltd. $NU

Key Points

• GFS Advisors LLC reduced its stake in Nu Holdings Ltd. by 32.2%, selling 517,278 shares in the second quarter, now owning around 1,088,655 shares worth approximately $14.9 million.
• Several large investors, including Baillie Gifford & Co. and Kontiki Capital Management, have significantly increased their stakes in Nu Holdings, indicating strong interest from institutional investors, who collectively own 84.02% of the company's stock.
• Nu Holdings reported earnings of $0.14 per share for the most recent quarter, exceeding analyst expectations, while Citigroup upgraded the stock from "sell" to "buy," raising the price target from $9.00 to $18.00.

GFS Advisors LLC lessened its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 32.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,088,655 shares of the company's stock after selling 517,278 shares during the quarter. NU makes up 2.0% of GFS Advisors LLC's portfolio, making the stock its 15th biggest position. GFS Advisors LLC's holdings in NU were worth $14,936,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Baillie Gifford & Co. lifted its stake in shares of NU by 17.9% during the 1st quarter. Baillie Gifford & Co. now owns 265,160,474 shares of the company's stock worth $2,715,243,000 after purchasing an additional 40,181,132 shares during the last quarter. Nuveen LLC acquired a new position in NU during the 1st quarter worth approximately $221,317,000. Orbis Allan Gray Ltd purchased a new position in shares of NU during the 1st quarter worth $150,763,000. Kontiki Capital Management HK Ltd. increased its holdings in shares of NU by 54.3% during the 1st quarter. Kontiki Capital Management HK Ltd. now owns 32,575,725 shares of the company's stock worth $333,575,000 after buying an additional 11,465,700 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in NU by 24.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 54,435,568 shares of the company's stock valued at $557,422,000 after buying an additional 10,785,851 shares during the last quarter. Institutional investors own 84.02% of the company's stock.

NU Stock Down 2.9%

NYSE NU opened at $14.92 on Friday. The stock has a 50 day moving average price of $14.57 and a 200-day moving average price of $13.01. Nu Holdings Ltd. has a one year low of $9.01 and a one year high of $16.42. The company has a market capitalization of $71.89 billion, a P/E ratio of 32.44, a P/E/G ratio of 0.78 and a beta of 1.08. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.57 and a current ratio of 0.57.

NU (NYSE:NU - Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. The business had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.78 billion. NU had a return on equity of 29.91% and a net margin of 17.90%.During the same quarter last year, the company earned $0.12 earnings per share. As a group, equities analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on NU shares. Citigroup upgraded shares of NU from a "sell" rating to a "buy" rating and raised their price target for the company from $9.00 to $18.00 in a research note on Wednesday, August 20th. Weiss Ratings restated a "hold (c)" rating on shares of NU in a report on Wednesday. Bank of America raised their price target on shares of NU from $14.00 to $16.00 and gave the stock a "neutral" rating in a research report on Monday, August 25th. JPMorgan Chase & Co. boosted their price target on shares of NU from $16.00 to $17.00 and gave the stock an "overweight" rating in a research report on Friday, September 5th. Finally, Bradesco Corretora upgraded shares of NU to an "outperform" rating and set a $17.00 price objective for the company in a report on Monday, August 25th. Nine research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $17.06.

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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