GSA Capital Partners LLP Has $1.74 Million Holdings in Nu Holdings Ltd. $NU

GSA Capital Partners LLP increased its holdings in Nu Holdings Ltd. (NYSE:NU) by 263.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 108,642 shares of the company’s stock after purchasing an additional 78,751 shares during the quarter. GSA Capital Partners LLP’s holdings in NU were worth $1,739,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. State Street Corp lifted its stake in shares of NU by 2.4% in the second quarter. State Street Corp now owns 91,238,735 shares of the company’s stock worth $1,251,795,000 after acquiring an additional 2,158,037 shares during the period. WCM Investment Management LLC raised its holdings in NU by 0.9% during the 3rd quarter. WCM Investment Management LLC now owns 74,478,698 shares of the company’s stock worth $1,187,935,000 after purchasing an additional 659,526 shares during the last quarter. Sands Capital Management LLC lifted its position in shares of NU by 5.9% in the 2nd quarter. Sands Capital Management LLC now owns 54,504,428 shares of the company’s stock worth $747,801,000 after purchasing an additional 3,060,463 shares during the period. Norges Bank bought a new stake in shares of NU in the 2nd quarter valued at $626,569,000. Finally, Jennison Associates LLC increased its position in shares of NU by 38.1% during the second quarter. Jennison Associates LLC now owns 41,962,679 shares of the company’s stock worth $575,728,000 after buying an additional 11,567,865 shares during the period. 84.02% of the stock is owned by institutional investors.

NU Stock Performance

NU stock opened at $16.86 on Wednesday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.29. The firm has a market cap of $81.24 billion, a PE ratio of 33.06, a P/E/G ratio of 0.55 and a beta of 1.08. The business has a 50 day moving average of $17.15 and a 200-day moving average of $15.92. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $18.98.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on NU. UBS Group increased their price target on NU from $16.00 to $18.40 and gave the stock a “neutral” rating in a report on Thursday, December 4th. JPMorgan Chase & Co. lifted their target price on NU from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Thursday, November 20th. Santander raised shares of NU from a “neutral” rating to an “outperform” rating in a research report on Thursday, December 4th. The Goldman Sachs Group reiterated a “buy” rating and set a $21.00 target price on shares of NU in a research report on Thursday, December 18th. Finally, Susquehanna increased their target price on shares of NU from $19.00 to $22.00 and gave the stock a “positive” rating in a research note on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, NU has a consensus rating of “Moderate Buy” and a consensus target price of $18.34.

NU 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.