Nu Holdings Ltd. $NU Position Lifted by Matthews International Capital Management LLC

Matthews International Capital Management LLC raised its stake in Nu Holdings Ltd. (NYSE:NU) by 38.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 698,766 shares of the company’s stock after buying an additional 194,636 shares during the period. NU accounts for approximately 3.6% of Matthews International Capital Management LLC’s investment portfolio, making the stock its 10th largest position. Matthews International Capital Management LLC’s holdings in NU were worth $8,846,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of NU. 71 West Capital Partners raised its position in shares of NU by 4.3% during the 3rd quarter. 71 West Capital Partners now owns 740,198 shares of the company’s stock valued at $9,371,000 after buying an additional 30,561 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in NU by 9,298.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,445,477 shares of the company’s stock valued at $19,210,000 after acquiring an additional 1,430,097 shares during the last quarter. Candriam S.C.A. lifted its holdings in NU by 616.0% in the third quarter. Candriam S.C.A. now owns 2,484,400 shares of the company’s stock valued at $31,567,000 after acquiring an additional 2,137,400 shares during the last quarter. Allen Investment Management LLC grew its position in NU by 1.9% in the third quarter. Allen Investment Management LLC now owns 3,611,056 shares of the company’s stock worth $45,716,000 after acquiring an additional 67,695 shares during the period. Finally, Verus Capital Partners LLC grew its position in NU by 12.7% in the third quarter. Verus Capital Partners LLC now owns 65,520 shares of the company’s stock worth $829,000 after acquiring an additional 7,400 shares during the period. 84.02% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Weiss Ratings upgraded NU from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday. Itau BBA Securities cut NU from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $20.00 to $18.00 in a report on Wednesday, September 16th. Wolfe Research lowered their price target on NU from $18.00 to $17.00 and set an “outperform” rating for the company in a report on Tuesday, August 25th. Monness Crespi & Hardt assumed coverage on NU in a research report on Monday, October 26th. They set a “buy” rating and a $20.00 price objective for the company. Finally, Rothschild & Co Redburn set a $19.00 target price on shares of NU in a research report on Monday, September 28th. Ten equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $18.25.

NU Stock Performance

NYSE:NU opened at $12.08 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.55 and a current ratio of 0.55. The stock has a market capitalization of $58.66 billion, a P/E ratio of 16.32, a PEG ratio of 0.51 and a beta of 0.97. The company has a 50 day moving average price of $13.92 and a 200 day moving average price of $14.31. Nu Holdings Ltd. has a fifty-two week low of $11.20 and a fifty-two week high of $18.98.

NU (NYSE:NU) last posted its earnings results on Tuesday, June 30th. The company reported $0.22 earnings per share for the quarter. The firm had revenue of $5.88 billion during the quarter. NU had a net margin of 18.65% and a return on equity of 31.59%. Equities research analysts forecast that Nu Holdings Ltd. will post 0.85 EPS for the current year.

Insider Buying and Selling at NU

In other news, CEO Cristina Junqueira sold 65,000 shares of NU stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $14.71, for a total value of $956,150.00. Following the completion of the sale, the chief executive officer directly owned 2,542,083 shares of the company’s stock, valued at approximately $37,394,040.93. The trade was a 2.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Henrique Camossa Sald Fragelli sold 221,707 shares of the business’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $15.81, for a total value of $3,505,187.67. Following the completion of the sale, the insider owned 979,446 shares in the company, valued at $15,485,041.26. This represents a 18.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 386,707 shares of company stock valued at $6,001,588.

NU Profile

Nu Holdings Ltd., which operates under the Nubank brand, is a digital financial services company founded in Brazil in 2013. It provides banking and related services through mobile apps and other digital channels, with a focus on simplifying access to financial products. Its offerings include digital accounts, payment cards, credit products, personal loans, and investment services. The company also provides services to small businesses, with products and availability varying by country. Nu serves customers in Brazil, Mexico, and Colombia.