Arkfeld Wealth Strategies L.L.C. Purchases New Holdings in Nu Holdings Ltd. (NYSE:NU)

Arkfeld Wealth Strategies L.L.C. purchased a new stake in Nu Holdings Ltd. (NYSE:NU) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 51,545 shares of the company’s stock, valued at approximately $596,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Salvus Wealth Management LLC increased its holdings in shares of NU by 7.2% in the first quarter. Salvus Wealth Management LLC now owns 67,000 shares of the company’s stock valued at $799,000 after purchasing an additional 4,500 shares in the last quarter. Salem Investment Counselors Inc. grew its holdings in NU by 7.0% during the 1st quarter. Salem Investment Counselors Inc. now owns 2,303,930 shares of the company’s stock worth $27,486,000 after acquiring an additional 151,180 shares during the period. Park Avenue Securities LLC acquired a new stake in NU during the 1st quarter worth $387,000. Wedmont Private Capital grew its holdings in NU by 11.8% during the 1st quarter. Wedmont Private Capital now owns 19,764 shares of the company’s stock worth $234,000 after acquiring an additional 2,089 shares during the period. Finally, Renaissance Capital LLC grew its holdings in NU by 3.0% during the 1st quarter. Renaissance Capital LLC now owns 1,538,324 shares of the company’s stock worth $18,352,000 after acquiring an additional 44,678 shares during the period. Institutional investors and hedge funds own 80.90% of the company’s stock.

NU Price Performance

Shares of NYSE NU traded up $0.18 during midday trading on Wednesday, reaching $12.68. 38,892,781 shares of the company were exchanged, compared to its average volume of 28,790,963. The stock’s 50-day moving average price is $11.58 and its 200-day moving average price is $10.60. The stock has a market cap of $60.43 billion, a P/E ratio of 48.73, a PEG ratio of 0.59 and a beta of 1.13. Nu Holdings Ltd. has a one year low of $6.61 and a one year high of $12.97. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.21.

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

Wall Street Analysts Forecast Growth

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