Matthews International Capital Management LLC Sells 228,666 Shares of Nu Holdings Ltd. (NYSE:NU)

Matthews International Capital Management LLC lessened its stake in Nu Holdings Ltd. (NYSE:NU) by 51.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 218,458 shares of the company’s stock after selling 228,666 shares during the period. NU accounts for 0.5% of Matthews International Capital Management LLC’s portfolio, making the stock its 27th largest holding. Matthews International Capital Management LLC’s holdings in NU were worth $2,263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. LRI Investments LLC grew its position in shares of NU by 3.1% during the 3rd quarter. LRI Investments LLC now owns 24,983 shares of the company’s stock worth $341,000 after buying an additional 743 shares during the period. Coldstream Capital Management Inc. boosted its stake in NU by 3.1% in the third quarter. Coldstream Capital Management Inc. now owns 26,517 shares of the company’s stock valued at $362,000 after acquiring an additional 801 shares during the last quarter. Marcum Wealth LLC grew its holdings in NU by 2.5% during the 3rd quarter. Marcum Wealth LLC now owns 37,221 shares of the company’s stock worth $508,000 after acquiring an additional 903 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of NU by 1.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 69,110 shares of the company’s stock valued at $716,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Arkfeld Wealth Strategies L.L.C. lifted its stake in shares of NU by 2.0% in the 4th quarter. Arkfeld Wealth Strategies L.L.C. now owns 52,245 shares of the company’s stock valued at $579,000 after purchasing an additional 1,000 shares during the period. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Stock Performance

Shares of NYSE NU opened at $12.33 on Tuesday. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $58.74 billion, a P/E ratio of 34.24, a P/E/G ratio of 0.43 and a beta of 1.05. Nu Holdings Ltd. has a 12 month low of $8.51 and a 12 month high of $16.15. The stock has a 50 day moving average of $11.69 and a 200-day moving average of $13.13.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on NU shares. KeyCorp upped their price objective on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Itau BBA Securities cut NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. Citigroup lowered shares of NU from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $14.60 to $11.00 in a research note on Monday, December 2nd. The Goldman Sachs Group raised their price target on shares of NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Finally, Susquehanna lifted their target price on NU from $16.00 to $18.00 and gave the company a “positive” rating in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, NU currently has an average rating of “Hold” and an average price target of $15.63.

About NU

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.