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

Matthews International Capital Management LLC reduced its stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 51.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 218,458 shares of the company's stock after selling 228,666 shares during the quarter. NU accounts for 0.5% of Matthews International Capital Management LLC's holdings, making the stock its 27th biggest holding. Matthews International Capital Management LLC's holdings in NU were worth $2,263,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. State Street Corp lifted its position in shares of NU by 105.9% during the 3rd quarter. State Street Corp now owns 78,865,138 shares of the company's stock worth $1,076,509,000 after buying an additional 40,560,986 shares during the last quarter. Baillie Gifford & Co. raised its position in NU by 13.0% in the third quarter. Baillie Gifford & Co. now owns 210,103,451 shares of the company's stock valued at $2,867,912,000 after purchasing an additional 24,140,416 shares during the last quarter. Geode Capital Management LLC raised its position in NU by 104.3% in the third quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company's stock valued at $442,935,000 after purchasing an additional 16,638,397 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in NU by 458.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,147,349 shares of the company's stock valued at $193,111,000 after purchasing an additional 11,613,191 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its position in NU by 122.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 16,008,683 shares of the company's stock valued at $165,850,000 after purchasing an additional 8,806,495 shares during the last quarter. 84.02% of the stock is owned by institutional investors and hedge funds.

NU Stock Down 1.5 %

NU stock traded down $0.21 during mid-day trading on Friday, reaching $13.24. The stock had a trading volume of 48,181,439 shares, compared to its average volume of 35,032,840. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. Nu Holdings Ltd. has a fifty-two week low of $8.58 and a fifty-two week high of $16.15. The stock's 50-day simple moving average is $11.66 and its 200-day simple moving average is $13.12. The firm has a market capitalization of $63.08 billion, a PE ratio of 36.76, a price-to-earnings-growth ratio of 0.45 and a beta of 1.05.

Analyst Ratings Changes

Several equities analysts have commented on the company. Susquehanna increased 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. The Goldman Sachs Group increased their price target on NU from $17.00 to $19.00 and gave the company a "buy" rating in a research note on Thursday, November 14th. Itau BBA Securities cut NU from an "outperform" rating to a "market perform" rating in a research note on Thursday, November 14th. KeyCorp increased their price target on NU from $15.00 to $17.00 and gave the company an "overweight" rating in a research note on Thursday, November 14th. Finally, Citigroup cut NU from a "neutral" rating to a "sell" rating and decreased their price target for the company from $14.60 to $11.00 in a research note on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price 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.