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

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

Other institutional investors have also added to or reduced their stakes in the company. State Street Corp boosted its position in shares of NU by 105.9% during the third quarter. State Street Corp now owns 78,865,138 shares of the company’s stock valued at $1,076,509,000 after buying an additional 40,560,986 shares during the last quarter. Baillie Gifford & Co. boosted its position in shares of NU by 13.0% during the third quarter. Baillie Gifford & Co. now owns 210,103,451 shares of the company’s stock valued at $2,867,912,000 after buying an additional 24,140,416 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of NU by 104.3% during the third quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company’s stock valued at $442,935,000 after buying an additional 16,638,397 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of NU by 458.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,147,349 shares of the company’s stock valued at $193,111,000 after buying an additional 11,613,191 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in shares of NU by 122.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 16,008,683 shares of the company’s stock valued at $165,850,000 after buying an additional 8,806,495 shares during the last quarter. Institutional investors own 84.02% of the company’s stock.

Analyst Upgrades and Downgrades

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

NU Stock Up 1.3 %

Shares of NU opened at $12.35 on Friday. The business’s 50 day moving average is $11.71 and its 200 day moving average is $13.14. The company has a market capitalization of $58.84 billion, a PE ratio of 34.29, a price-to-earnings-growth ratio of 0.43 and a beta of 1.05. Nu Holdings Ltd. has a 12-month low of $8.51 and a 12-month high of $16.15. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20.

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.