Warren Buffett Is Holding These 5 Tech Stocks Despite Selloff

3. Nu Holdings Ltd. (NYSE:NU)

Number of Hedge Fund Holders: 28

1-Month Decline in Share Price as of May 17: 40.78%

Nu Holdings Ltd. (NYSE:NU) is a Brazilian financial technology company that operates a digital financial services platform, operating mainly in Brazil, Mexico, and Colombia. Berkshire Hathaway added Nu Holdings Ltd. (NYSE:NU) to its Q3 2021 portfolio, buying over 107 million shares. Despite the share price falling 40.78% in the last month, Warren Buffett’s stake in the company remained consistent. 

On May 16, Nu Holdings Ltd. (NYSE:NU) reported financial results in Q1 2022, posting GAAP earnings per share of $0.01, beating market estimates by $0.02. The $877.27 million revenue outperformed consensus by $223.83 million. 

Susquehanna analyst James Friedman on May 13 lowered the price target on Nu Holdings Ltd. (NYSE:NU) to $10 from $14 and kept a Positive rating on the shares. The analyst noted that despite margin headwinds, compared to credit books from peers, the company seems best suited to survive a deterioration in credit quality.

According to the Q4 database of Insider Monkey, 28 hedge funds were bullish on Nu Holdings Ltd. (NYSE:NU), with collective stakes worth $4.6 billion.