Nu Holdings Ltd. $NU Stock: Matthews International Capital Management LLC Grows Stake

Matthews International Capital Management LLC lifted its stake in Nu Holdings Ltd. (NYSE:NU) by 38.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 698,766 shares of the company’s stock after purchasing an additional 194,636 shares during the period. NU comprises about 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 and Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in NU. GK Wealth Management LLC bought a new stake in NU during the 3rd quarter valued at $31,000. Harbor Investment Advisory LLC grew its position in shares of NU by 68.2% during the 2nd quarter. Harbor Investment Advisory LLC now owns 3,010 shares of the company’s stock worth $40,000 after buying an additional 1,220 shares in the last quarter. Ancora Advisors LLC bought a new position in shares of NU during the 2nd quarter worth $76,000. EverSource Wealth Advisors LLC grew its position in shares of NU by 58.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 6,468 shares of the company’s stock worth $93,000 after buying an additional 2,377 shares in the last quarter. Finally, TD Waterhouse Canada Inc. increased its stake in shares of NU by 48.7% during the third quarter. TD Waterhouse Canada Inc. now owns 6,755 shares of the company’s stock valued at $90,000 after buying an additional 2,213 shares during the period. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Stock Down 2.3%

Shares of NU stock opened at $12.08 on Wednesday. The stock’s fifty day moving average price is $13.92 and its 200 day moving average price is $14.31. Nu Holdings Ltd. has a 1-year low of $11.20 and a 1-year high of $18.98. The company has a market cap of $58.66 billion, a price-to-earnings ratio of 16.32, a price-to-earnings-growth ratio of 0.51 and a beta of 0.97. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.55 and a quick ratio of 0.55.

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on NU. Weiss Ratings raised shares of NU from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday. Rothschild & Co Redburn set a $19.00 target price on shares of NU in a research report on Monday, September 28th. Monness Crespi & Hardt initiated coverage on shares of NU in a research report on Monday, October 26th. They set a “buy” rating and a $20.00 target price on the stock. JPMorgan Chase & Co. boosted their price target on shares of NU from $20.00 to $23.00 and gave the company an “overweight” rating in a report on Tuesday, October 6th. Finally, UBS Group upped their price target on shares of NU from $18.20 to $20.50 and gave the stock a “buy” rating in a research report on Tuesday, October 20th. Ten research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.25.

Insider Activity at NU

In other news, CEO Cristina Junqueira sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $15.01, for a total transaction of $375,250.00. Following the completion of the transaction, the chief executive officer directly owned 4,877,593 shares of the company’s stock, valued at $73,212,670.93. This represents a 0.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 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 company’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $15.81, for a total transaction of $3,505,187.67. Following the transaction, the insider owned 979,446 shares of the company’s stock, valued at $15,485,041.26. This represents a 18.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 386,707 shares of company stock worth $6,001,588.

About NU

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.