Matthews International Capital Management LLC Buys 296,385 Shares of Nu Holdings Ltd. $NU

Key Points

• Matthews International Capital Management raised its stake in Nu by 218.3% in Q4, buying an additional 296,385 shares to hold 432,150 shares worth $7.23 million, making NU 2.2% of its portfolio and its 20th-largest holding.
• Nu has a consensus analyst rating of "Moderate Buy" with a consensus target price of $18.46 (twelve analysts Buy, two Hold).
• CEO Cristina Junqueira sold 300,000 shares on March 23 for about $4.44 million (an 11.48% reduction in her position), while institutional investors collectively own 84.02% of NU.

Matthews International Capital Management LLC lifted its stake in Nu Holdings Ltd. (NYSE:NU - Free Report) by 218.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 432,150 shares of the company's stock after buying an additional 296,385 shares during the quarter. NU comprises 2.2% of Matthews International Capital Management LLC's portfolio, making the stock its 20th biggest holding. Matthews International Capital Management LLC's holdings in NU were worth $7,234,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in NU. EverSource Wealth Advisors LLC raised its stake in shares of NU by 63.5% in the second quarter. EverSource Wealth Advisors LLC now owns 3,768 shares of the company's stock worth $52,000 after buying an additional 1,464 shares during the period. Jump Financial LLC raised its stake in shares of NU by 541.8% in the second quarter. Jump Financial LLC now owns 185,434 shares of the company's stock worth $2,544,000 after buying an additional 156,539 shares during the period. WINTON GROUP Ltd raised its stake in shares of NU by 38.5% in the second quarter. WINTON GROUP Ltd now owns 37,156 shares of the company's stock worth $510,000 after buying an additional 10,332 shares during the period. AXA S.A. raised its stake in shares of NU by 1.4% in the second quarter. AXA S.A. now owns 192,311 shares of the company's stock worth $2,639,000 after buying an additional 2,682 shares during the period. Finally, Nebula Research & Development LLC raised its stake in shares of NU by 63.7% in the second quarter. Nebula Research & Development LLC now owns 19,937 shares of the company's stock worth $274,000 after buying an additional 7,760 shares during the period. Institutional investors own 84.02% of the company's stock.

Analysts Set New Price Targets

NU has been the topic of several recent research reports. Zacks Research downgraded NU from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, March 24th. Susquehanna raised their price objective on NU from $19.00 to $22.00 and gave the stock a "positive" rating in a research note on Tuesday, January 27th. Itau BBA Securities reissued an "outperform" rating on shares of NU in a research note on Tuesday, March 17th. Weiss Ratings raised NU from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, February 18th. Finally, UBS Group raised NU from a "neutral" rating to a "buy" rating and lifted their target price for the company from $17.20 to $17.60 in a research note on Thursday, March 19th. Twelve investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $18.46.

NU Stock Up 0.5%

Shares of NU opened at $14.53 on Friday. The business's 50 day moving average is $14.93 and its 200 day moving average is $16.01. The company has a market capitalization of $70.53 billion, a PE ratio of 25.05, a price-to-earnings-growth ratio of 0.58 and a beta of 1.10. Nu Holdings Ltd. has a 12-month low of $11.71 and a 12-month high of $18.98. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.39.

NU (NYSE:NU - Get Free Report) last issued its earnings results on Wednesday, February 25th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.01. The company had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.55 billion. NU had a return on equity of 30.68% and a net margin of 18.19%. Research analysts expect that Nu Holdings Ltd. will post 0.84 earnings per share for the current fiscal year.

Insider Transactions at NU

In related news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of NU stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $14.81, for a total transaction of $4,443,000.00. Following the sale, the chief executive officer owned 2,312,338 shares of the company's stock, valued at approximately $34,245,725.78. This trade represents a 11.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.20% of the company's stock.

NU Company 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.

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