Matauro LLC Buys 130,819 Shares of Nu Holdings Ltd. $NU

Matauro LLC increased its stake in Nu Holdings Ltd. (NYSE:NU) by 804.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 147,078 shares of the company’s stock after purchasing an additional 130,819 shares during the quarter. Matauro LLC’s holdings in NU were worth $2,462,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of NU. Euro Pacific Asset Management LLC raised its stake in shares of NU by 0.3% in the fourth quarter. Euro Pacific Asset Management LLC now owns 233,618 shares of the company’s stock worth $3,642,000 after buying an additional 708 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in shares of NU by 22.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 4,394 shares of the company’s stock valued at $74,000 after acquiring an additional 802 shares during the period. Verdence Capital Advisors LLC increased its holdings in NU by 1.8% in the 3rd quarter. Verdence Capital Advisors LLC now owns 44,508 shares of the company’s stock worth $712,000 after acquiring an additional 804 shares in the last quarter. Canvas Wealth Advisors LLC raised its stake in NU by 4.9% during the 3rd quarter. Canvas Wealth Advisors LLC now owns 19,087 shares of the company’s stock worth $292,000 after acquiring an additional 900 shares during the period. Finally, Covestor Ltd raised its stake in NU by 8.2% during the 3rd quarter. Covestor Ltd now owns 12,194 shares of the company’s stock worth $195,000 after acquiring an additional 919 shares during the period. Institutional investors own 84.02% of the company’s stock.

Wall Street Analysts Forecast Growth

NU has been the subject of a number of recent analyst reports. Bank of America reiterated a “neutral” rating on shares of NU in a research report on Monday, March 9th. UBS Group upgraded NU from a “neutral” rating to a “buy” rating and raised their price objective for the company from $17.20 to $17.60 in a research report on Thursday, March 19th. Susquehanna lifted their target price on NU from $19.00 to $22.00 and gave the stock a “positive” rating in a report on Tuesday, January 27th. Itau BBA Securities restated an “outperform” rating on shares of NU in a report on Tuesday, March 17th. Finally, Weiss Ratings upgraded NU from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 18th. Twelve equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $18.26.

Insider Activity at NU

In other news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the firm’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $14.81, for a total transaction of $4,443,000.00. Following the transaction, the chief executive officer owned 2,312,338 shares in the company, valued at approximately $34,245,725.78. This trade represents a 11.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.20% of the company’s stock.

NU Stock Up 0.5%

Shares of NYSE:NU opened at $14.45 on Thursday. Nu Holdings Ltd. has a 52-week low of $9.01 and a 52-week high of $18.98. The stock has a market cap of $69.61 billion, a P/E ratio of 24.91, a price-to-earnings-growth ratio of 0.56 and a beta of 1.10. The business’s 50 day moving average is $15.93 and its 200 day moving average is $16.14. The company has a quick ratio of 0.56, a current ratio of 0.58 and a debt-to-equity ratio of 0.39.

NU (NYSE:NU) last issued its earnings results on Wednesday, February 25th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. NU had a return on equity of 30.68% and a net margin of 18.19%.The business had revenue of $4.86 billion during the quarter, compared to analyst estimates of $4.55 billion. Sell-side analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current 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.