Tiger Global’s 15 Long-Term Stock Picks

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8. Nu Holdings Ltd. (NYSE:NU

Number of Hedge Fund Holders: 54 

Nu Holdings Ltd. (NYSE:NU) owns and runs a digital banking platform in Brazil, Mexico, Colombia, Cayman Islands, Germany, Argentina, the United States, and Uruguay. At the end of the third quarter of 2024, Tiger Global owned more than 18.4 million shares in the company worth over $251 million, representing 1.07% of the 13F portfolio. The company is one of the long term stock picks of Tiger Global since it has featured in their 13F portfolio consistently since late 2021. Back then, the fund purchased a stake in the firm at an average share price of $9.82. The shares are presently trading at over $10.6 per share.

However, not all on Wall Street are as bullish on Nu Holdings Ltd. (NYSE:NU) as Tiger Global. For example, Citi analyst Gustavo Schroden recently downgraded the stock to Sell from Neutral with a price target of $11, down from $14.60. The company has shown an impressive capacity to expand its operations in Brazil rapidly while maintaining even faster net income growth, the analyst told investors in a research note. However, Citi sees the stock’s strong year-to-date performance as a good opportunity to take profits. Nu’s alternative revenue sources, like payroll loans in Brazil, Mexico and Colombia, could take longer than expected to offset the slowdown in credit cards and personal loans in Brazil, contends Citi.

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