Nu Holdings Ltd (NYSE:NU) shares are trading higher following the company's strong first-quarter financial results. Nu Holdings reported revenue of $2.7 billion, beating the consensus estimate of $2.49 billion, and a net income of $379 million. The company added 5.5 million customers, bringing the total to 99.3 million globally. Monthly Average Revenue per Active Customer grew 30% year-over-year to $11.40. Total deposits increased to $24.3 billion, and the loan-to-deposit ratio climbed to 40%. Susquehanna analyst James Friedman maintained a Positive rating and raised the price target from $12 to $14.