51,545 Shares in Nu Holdings Ltd. (NYSE:NU) Purchased by Arkfeld Wealth Strategies L.L.C.

Arkfeld Wealth Strategies L.L.C. purchased a new stake in shares of Nu Holdings Ltd. (NYSE:NU) in the 1st quarter, HoldingsChannel reports. The fund purchased 51,545 shares of the company’s stock, valued at approximately $596,000.

Several other hedge funds have also modified their holdings of the company. Capital Research Global Investors lifted its position in shares of NU by 20.7% during the fourth quarter. Capital Research Global Investors now owns 175,197,344 shares of the company’s stock valued at $1,459,403,000 after buying an additional 30,002,685 shares during the last quarter. Sands Capital Management LLC increased its holdings in NU by 92.7% in the 4th quarter. Sands Capital Management LLC now owns 85,220,661 shares of the company’s stock worth $709,888,000 after buying an additional 40,992,413 shares during the period. Jennison Associates LLC increased its holdings in NU by 160.9% in the 4th quarter. Jennison Associates LLC now owns 65,813,072 shares of the company’s stock worth $548,223,000 after buying an additional 40,584,189 shares during the period. Coatue Management LLC increased its holdings in NU by 14.3% in the 4th quarter. Coatue Management LLC now owns 63,021,947 shares of the company’s stock worth $524,973,000 after buying an additional 7,886,538 shares during the period. Finally, Morgan Stanley grew its stake in shares of NU by 7.1% during the 3rd quarter. Morgan Stanley now owns 61,260,423 shares of the company’s stock worth $444,138,000 after purchasing an additional 4,044,904 shares during the period. 80.90% of the stock is owned by hedge funds and other institutional investors.

NU Price Performance

NU stock traded up $0.18 during midday trading on Wednesday, reaching $12.68. The stock had a trading volume of 38,892,781 shares, compared to its average volume of 28,790,963. The company has a market cap of $60.43 billion, a price-to-earnings ratio of 48.73, a price-to-earnings-growth ratio of 0.59 and a beta of 1.13. Nu Holdings Ltd. has a 52-week low of $6.61 and a 52-week high of $12.97. The company’s fifty day simple moving average is $11.58 and its 200 day simple moving average is $10.60. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.21.

NU (NYSE:NU) last issued its quarterly earnings data on Tuesday, May 14th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.58 billion. NU had a net margin of 13.86% and a return on equity of 22.94%. As a group, sell-side analysts predict that Nu Holdings Ltd. will post 0.41 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

NU has been the topic of a number of analyst reports. TheStreet raised shares of NU from a “c+” rating to a “b” rating in a research note on Friday, March 8th. Jefferies Financial Group raised their price objective on shares of NU from $10.80 to $15.20 and gave the stock a “buy” rating in a research note on Monday. Susquehanna raised their price objective on shares of NU from $12.00 to $14.00 and gave the stock a “positive” rating in a research note on Wednesday, May 15th. Barclays assumed coverage on NU in a research report on Wednesday. They set an “overweight” rating and a $15.00 target price on the stock. Finally, KeyCorp increased their target price on NU from $12.00 to $13.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $11.70.

NU Profile

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.