Gemsstock Ltd. Makes New Investment in Nu Holdings Ltd. (NYSE:NU)

Gemsstock Ltd. bought a new position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,179,764 shares of the company's stock, valued at approximately $22,582,000. NU makes up about 4.5% of Gemsstock Ltd.'s investment portfolio, making the stock its 5th largest holding.

A number of other large investors have also recently made changes to their positions in the company. Baillie Gifford & Co. increased its stake in NU by 7.1% in the fourth quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company's stock valued at $2,330,786,000 after purchasing an additional 14,875,891 shares during the period. State Street Corp increased its position in NU by 105.9% in the 3rd quarter. State Street Corp now owns 78,865,138 shares of the company's stock valued at $1,076,509,000 after acquiring an additional 40,560,986 shares during the period. Norges Bank purchased a new stake in NU during the 4th quarter valued at approximately $447,762,000. Geode Capital Management LLC lifted its position in NU by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 33,777,551 shares of the company's stock worth $348,774,000 after acquiring an additional 1,179,748 shares during the period. Finally, Kontiki Capital Management HK Ltd. grew its stake in shares of NU by 14.9% in the 4th quarter. Kontiki Capital Management HK Ltd. now owns 21,110,025 shares of the company's stock valued at $218,700,000 after purchasing an additional 2,741,700 shares during the last quarter. 84.02% of the stock is owned by institutional investors and hedge funds.

NU Price Performance

NU stock traded up $0.29 during trading hours on Friday, hitting $10.54. The stock had a trading volume of 28,096,111 shares, compared to its average volume of 39,577,096. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $16.15. The stock has a market capitalization of $50.22 billion, a price-to-earnings ratio of 26.13, a PEG ratio of 0.48 and a beta of 1.14. The stock's fifty day moving average is $11.56 and its two-hundred day moving average is $12.43. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44.

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NU (NYSE:NU - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.12. The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.17 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. As a group, analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. UBS Group cut their price target on NU from $15.50 to $15.00 and set a "neutral" rating for the company in a research note on Tuesday, February 18th. JPMorgan Chase & Co. upgraded shares of NU from a "neutral" rating to an "overweight" rating and reduced their target price for the stock from $14.00 to $13.00 in a research note on Tuesday. Finally, Barclays dropped their price target on shares of NU from $17.00 to $15.00 and set an "overweight" rating on the stock in a research note on Monday, February 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $15.36.

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.