Gemsstock Ltd. Takes $22.58 Million Position in Nu Holdings Ltd. (NYSE:NU)

Gemsstock Ltd. bought a new position in Nu Holdings Ltd. (NYSE:NU) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 2,179,764 shares of the company’s stock, valued at approximately $22,582,000. NU comprises 4.5% of Gemsstock Ltd.’s portfolio, making the stock its 5th largest holding.

Several other large investors have also added to or reduced their stakes in the business. Piscataqua Savings Bank raised its holdings in shares of NU by 500.0% in the fourth quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock valued at $31,000 after purchasing an additional 2,500 shares during the last quarter. Campbell Capital Management Inc. purchased a new stake in NU in the 4th quarter valued at about $52,000. Whipplewood Advisors LLC bought a new position in shares of NU during the 4th quarter worth approximately $62,000. Ethos Financial Group LLC purchased a new position in shares of NU in the 4th quarter worth approximately $82,000. Finally, Berbice Capital Management LLC bought a new position in shares of NU in the fourth quarter valued at approximately $93,000. Institutional investors own 84.02% of the company’s stock.

NU Stock Performance

Shares of NU stock opened at $9.57 on Friday. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $16.15. The firm’s 50 day moving average is $11.87 and its 200 day moving average is $12.60. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $45.61 billion, a P/E ratio of 23.93, a PEG ratio of 0.48 and a beta of 1.14.

NU (NYSE:NU) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.12. The firm had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.17 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. On average, sell-side analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NU has been the topic of several research analyst reports. UBS Group cut their price objective on NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. Barclays cut their price target on shares of NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of NU from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Monday, February 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, NU currently has an average rating of “Hold” and a consensus price target of $15.47.

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.