Arkfeld Wealth Strategies L.L.C. Purchases 1,000 Shares of Nu Holdings Ltd. (NYSE:NU)

Arkfeld Wealth Strategies L.L.C. grew its position in Nu Holdings Ltd. (NYSE:NU) by 2.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 52,245 shares of the company’s stock after acquiring an additional 1,000 shares during the quarter. Arkfeld Wealth Strategies L.L.C.’s holdings in NU were worth $579,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. LRI Investments LLC grew its holdings in NU by 3.1% during the third quarter. LRI Investments LLC now owns 24,983 shares of the company’s stock worth $341,000 after acquiring an additional 743 shares during the period. Coldstream Capital Management Inc. grew its holdings in NU by 3.1% during the third quarter. Coldstream Capital Management Inc. now owns 26,517 shares of the company’s stock worth $362,000 after acquiring an additional 801 shares during the period. Marcum Wealth LLC grew its holdings in NU by 2.5% during the third quarter. Marcum Wealth LLC now owns 37,221 shares of the company’s stock worth $508,000 after acquiring an additional 903 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in NU by 1.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 69,110 shares of the company’s stock worth $716,000 after acquiring an additional 1,000 shares during the period. Finally, OneDigital Investment Advisors LLC grew its holdings in NU by 4.9% during the third quarter. OneDigital Investment Advisors LLC now owns 26,477 shares of the company’s stock worth $361,000 after acquiring an additional 1,248 shares during the period. Institutional investors own 84.02% of the company’s stock.

Wall Street Analysts Forecast Growth

NU has been the topic of several analyst reports. Itau BBA Securities lowered NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. Susquehanna raised their price objective on NU from $16.00 to $18.00 and gave the company a “positive” rating in a report on Thursday, November 14th. KeyCorp raised their price objective on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Citigroup lowered NU from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $14.60 to $11.00 in a report on Monday, December 2nd. Finally, The Goldman Sachs Group raised their price objective on NU from $17.00 to $19.00 and gave the company a “buy” rating in a report on Thursday, November 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $15.63.

NU Stock Performance

Shares of NYSE:NU opened at $12.35 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. The business’s 50 day moving average price is $11.71 and its 200-day moving average price is $13.14. The firm has a market capitalization of $58.84 billion, a PE ratio of 34.29, a P/E/G ratio of 0.43 and a beta of 1.05. Nu Holdings Ltd. has a 1 year low of $8.51 and a 1 year high of $16.15.

NU Profile

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.