GFS Advisors LLC Decreases Holdings in Nu Holdings Ltd. $NU

GFS Advisors LLC cut its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 8.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 573,780 shares of the company’s stock after selling 54,425 shares during the quarter. GFS Advisors LLC’s holdings in NU were worth $9,605,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Axiom Investors LLC DE grew its holdings in shares of NU by 14.3% in the fourth quarter. Axiom Investors LLC DE now owns 8,320,628 shares of the company’s stock worth $139,287,000 after purchasing an additional 1,039,231 shares during the last quarter. Gordian Capital Singapore Pte Ltd grew its holdings in shares of NU by 18.3% in the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 142,000 shares of the company’s stock worth $2,377,000 after purchasing an additional 22,000 shares during the last quarter. Cerity Partners LLC grew its holdings in shares of NU by 92.1% in the fourth quarter. Cerity Partners LLC now owns 1,208,164 shares of the company’s stock worth $20,225,000 after purchasing an additional 579,253 shares during the last quarter. LTS Liquid Investments LLC bought a new position in shares of NU in the fourth quarter worth approximately $12,528,000. Finally, LPL Financial LLC grew its holdings in shares of NU by 12.8% in the fourth quarter. LPL Financial LLC now owns 1,074,191 shares of the company’s stock worth $17,982,000 after purchasing an additional 121,590 shares during the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at NU

In other news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the business’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $14.81, for a total transaction of $4,443,000.00. Following the sale, the chief executive officer owned 2,312,338 shares in the company, valued at approximately $34,245,725.78. The trade was a 11.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Anita M. Sands sold 21,000 shares of the business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $12.24, for a total transaction of $257,040.00. Following the sale, the director owned 162,150 shares in the company, valued at approximately $1,984,716. This trade represents a 11.47% decrease in their position. The disclosure for this sale is available in the SEC filing.

Wall Street Analysts Forecast Growth

NU has been the topic of several recent analyst reports. UBS Group cut their target price on shares of NU from $18.10 to $16.90 and set a “buy” rating on the stock in a report on Wednesday, May 20th. Scotiabank cut shares of NU to a “sector perform” rating and set a $13.00 target price on the stock. in a report on Wednesday, June 3rd. Zacks Research cut shares of NU from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. CICC Research initiated coverage on shares of NU in a report on Tuesday, April 14th. They issued an “outperform” rating and a $18.00 target price on the stock. Finally, Weiss Ratings cut shares of NU from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 13th. Ten analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.08.

NU Stock Performance

NYSE:NU opened at $11.87 on Wednesday. The stock has a market cap of $57.65 billion, a P/E ratio of 18.26, a price-to-earnings-growth ratio of 0.46 and a beta of 0.95. The firm’s fifty day simple moving average is $13.71 and its 200 day simple moving average is $15.48. Nu Holdings Ltd. has a twelve month low of $11.20 and a twelve month high of $18.98. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.36.

NU (NYSE:NU) last released its quarterly earnings results on Friday, May 15th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01). The company had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.06 billion. NU had a net margin of 18.20% and a return on equity of 30.91%. As a group, research analysts predict that Nu Holdings Ltd. will post 0.84 EPS for the current year.

NU announced that its Board of Directors has approved a share buyback plan on Thursday, June 4th that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

NU Company 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.