Matthews International Capital Management LLC Increases Stock Holdings in Nu Holdings Ltd. $NU

Matthews International Capital Management LLC boosted its position in shares of Nu Holdings Ltd. (NYSE:NU) by 30.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 135,765 shares of the company’s stock after acquiring an additional 31,526 shares during the period. NU accounts for about 0.5% of Matthews International Capital Management LLC’s holdings, making the stock its 29th biggest position. Matthews International Capital Management LLC’s holdings in NU were worth $2,174,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Focus Partners Advisor Solutions LLC boosted its holdings in NU by 5.5% in the 1st quarter. Focus Partners Advisor Solutions LLC now owns 15,974 shares of the company’s stock valued at $164,000 after purchasing an additional 838 shares during the period. Rothschild Investment LLC raised its position in shares of NU by 6.3% in the second quarter. Rothschild Investment LLC now owns 17,671 shares of the company’s stock worth $242,000 after buying an additional 1,046 shares in the last quarter. Frank Rimerman Advisors LLC raised its position in shares of NU by 1.4% in the second quarter. Frank Rimerman Advisors LLC now owns 76,238 shares of the company’s stock worth $1,046,000 after buying an additional 1,063 shares in the last quarter. Dakota Wealth Management boosted its stake in NU by 3.9% during the second quarter. Dakota Wealth Management now owns 31,314 shares of the company’s stock valued at $430,000 after buying an additional 1,180 shares during the period. Finally, Wedmont Private Capital grew its position in NU by 3.3% during the third quarter. Wedmont Private Capital now owns 37,436 shares of the company’s stock worth $566,000 after buying an additional 1,181 shares in the last quarter. Institutional investors own 84.02% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on NU shares. Susquehanna raised their price target on NU from $17.00 to $19.00 and gave the company a “positive” rating in a report on Friday, November 14th. KeyCorp upped their price objective on shares of NU from $15.00 to $19.00 and gave the stock an “overweight” rating in a research report on Friday, November 14th. JPMorgan Chase & Co. lifted their target price on shares of NU from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Thursday, November 20th. UBS Group increased their price target on shares of NU from $16.00 to $18.40 and gave the stock a “neutral” rating in a report on Thursday, December 4th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of NU in a report on Wednesday, October 8th. Ten investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, NU presently has an average rating of “Moderate Buy” and an average price target of $18.04.

NU Stock Up 0.0%

Shares of NU opened at $16.75 on Friday. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $17.84. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.56 and a quick ratio of 0.56. The stock has a 50 day simple moving average of $16.31 and a two-hundred day simple moving average of $14.76. The firm has a market cap of $80.69 billion, a P/E ratio of 32.83, a P/E/G ratio of 0.80 and a beta of 1.07.

NU (NYSE:NU) last announced its quarterly earnings data on Thursday, November 13th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. NU had a net margin of 17.97% and a return on equity of 30.12%. The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $3.96 billion. On average, analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

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.