Nu Holdings shares rise on record Q1 results
Coatue Management increases its stake to 40 million shares as trading volume exceeds three-month averages.
Nu Holdings shares rose 0.78% to close at $12.29 on May 18, 2026, following the release of record first-quarter profits. The increase eased concerns regarding profitability despite rising credit costs and margin pressures. Trading volume reached 59.4 million shares, exceeding the three-month average. Coatue Management increased its holdings in the company from 29 million to 40 million shares during the quarter.
The stock had dropped roughly 10% in the previous week after narrowly missing analysts’ earnings expectations. The recent gain helped alleviate investor concerns regarding profitability, despite reports of rising credit costs and margin pressures. Average revenue per active customer rose to $16, up from $12.
Nu Holdings trades at 19 times earnings. The broader market saw the S&P 500 slip 0.07% to close at 7,403, while the Nasdaq Composite fell 0.51% to close at 26,091. Peers in the digital banking and fintech sector showed mixed results: SoFi Technologies closed at $15.71 (up 0.64%), and PagSeguro Digital ended at $9.18 (up 3.61%).
Nu Holdings is a Latin American digital banking and financial services provider that IPO’d in 2021 and has grown 19% since going public. The Motley Fool analyst team identified 10 best stocks to buy but did not include Nu Holdings in their current list.
The Motley Fool disclosed that Josh Kohn-Lindquist has positions in Nu Holdings and SoFi Technologies, and that The Motley Fool has positions in and recommends Nu Holdings and PagSeguro Digital.
