Matthews International Capital Management LLC Has $7.27 Million Holdings in Nu Holdings Ltd. $NU

Matthews International Capital Management LLC increased its position in shares of Nu Holdings Ltd. (NYSE:NU) by 17.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 505,743 shares of the company’s stock after buying an additional 73,593 shares during the period. NU accounts for 2.9% of Matthews International Capital Management LLC’s holdings, making the stock its 14th biggest holding. Matthews International Capital Management LLC’s holdings in NU were worth $7,268,000 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. AMF Tjanstepension AB boosted its position in NU by 5.5% during the first quarter. AMF Tjanstepension AB now owns 340,508 shares of the company’s stock valued at $4,893,000 after acquiring an additional 17,869 shares during the last quarter. Triglav Investments D.O.O. grew its holdings in NU by 14.5% during the 1st quarter. Triglav Investments D.O.O. now owns 101,000 shares of the company’s stock worth $1,451,000 after acquiring an additional 12,753 shares during the period. Diversify Wealth Management LLC bought a new position in shares of NU in the 1st quarter worth about $761,000. Carnegie Investment Counsel lifted its stake in shares of NU by 7.0% in the 1st quarter. Carnegie Investment Counsel now owns 648,477 shares of the company’s stock valued at $9,319,000 after purchasing an additional 42,494 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of NU by 3.9% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 351,245 shares of the company’s stock valued at $5,047,000 after purchasing an additional 13,158 shares during the period. Institutional investors and hedge funds own 84.02% of the company’s stock.

Insider Transactions at NU

In other NU news, Director Anita M. Sands sold 21,000 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $12.24, for a total value of $257,040.00. Following the completion of the sale, the director owned 162,150 shares of the company’s stock, valued at approximately $1,984,716. This trade represents a 11.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.20% of the company’s stock.

NU Price Performance

NU stock opened at $13.79 on Monday. The stock has a market capitalization of $66.95 billion, a PE ratio of 21.21, a price-to-earnings-growth ratio of 0.55 and a beta of 0.95. The company’s 50-day moving average is $12.93 and its 200-day moving average is $14.87. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.58 and a quick ratio of 0.58. Nu Holdings Ltd. has a 1 year low of $11.20 and a 1 year high of $18.98.

NU (NYSE:NU) last issued its earnings results on Friday, May 15th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). NU had a net margin of 18.20% and a return on equity of 30.91%. The firm had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.06 billion. Equities research analysts expect that Nu Holdings Ltd. will post 0.83 EPS for the current fiscal year.

NU declared that its Board of Directors has initiated a share repurchase program on Thursday, June 4th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

NU has been the topic of several research analyst reports. UBS Group cut their target price on NU from $18.10 to $16.90 and set a “buy” rating on the stock in a research report on Wednesday, May 20th. Itau BBA Securities reissued an “outperform” rating on shares of NU in a research note on Tuesday, March 17th. Susquehanna cut NU from a “positive” rating to a “neutral” rating and cut their price target for the stock from $18.00 to $13.00 in a report on Wednesday, June 3rd. Zacks Research downgraded shares of NU from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Finally, Needham & Company LLC initiated coverage on shares of NU in a research note on Friday, June 26th. They issued a “buy” rating and a $17.00 price objective for the company. Ten research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, NU has a consensus rating of “Moderate Buy” and a consensus price target of $17.24.

About NU

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.