GFS Advisors LLC Sells 54,425 Shares of Nu Holdings Ltd. $NU

GFS Advisors LLC reduced its position in Nu Holdings Ltd. (NYSE:NU) by 8.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in NU. LOM Asset Management Ltd purchased a new position in shares of NU in the fourth quarter valued at $25,000. Cornerstone Planning Group LLC lifted its holdings in NU by 5,448.3% during the 4th quarter. Cornerstone Planning Group LLC now owns 1,609 shares of the company’s stock worth $27,000 after purchasing an additional 1,580 shares in the last quarter. Morse Asset Management Inc bought a new position in NU in the 4th quarter worth about $31,000. Fifth Third Bancorp boosted its stake in NU by 433.0% in the 4th quarter. Fifth Third Bancorp now owns 1,988 shares of the company’s stock worth $33,000 after purchasing an additional 1,615 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in NU by 63.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,768 shares of the company’s stock valued at $52,000 after buying an additional 1,464 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Bank of America reaffirmed an “underperform” rating on shares of NU in a research note on Tuesday, June 2nd. Weiss Ratings cut shares of NU from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 13th. Itau BBA Securities reissued an “outperform” rating on shares of NU in a report on Tuesday, March 17th. Zacks Research lowered shares of NU from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Finally, CICC Research started coverage on shares of NU in a report on Tuesday, April 14th. They issued an “outperform” rating and a $18.00 price target on the stock. Ten equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $17.08.

Insider Activity at NU

In other NU news, Director Anita M. Sands sold 21,000 shares of NU stock in a transaction that occurred 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 transaction, the director directly owned 162,150 shares of the company’s stock, valued at approximately $1,984,716. This trade represents a 11.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Cristina Helena Zing Junqueira sold 300,000 shares of NU stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $14.81, for a total transaction of $4,443,000.00. Following the transaction, the chief executive officer directly owned 2,312,338 shares in the company, valued at $34,245,725.78. This trade represents a 11.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information.

NU Stock Up 2.3%

NU opened at $11.87 on Wednesday. The business’s fifty day simple moving average is $13.71 and its 200 day simple moving average is $15.48. Nu Holdings Ltd. has a 52 week low of $11.20 and a 52 week 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. The stock has a market cap of $57.65 billion, a PE ratio of 18.26, a P/E/G ratio of 0.46 and a beta of 0.95.

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

NU declared that its board has approved a stock repurchase program on Thursday, June 4th that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board 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.