Precision Wealth Strategies LLC Sells 9,579 Shares of Nu Holdings Ltd. (NYSE:NU)

Precision Wealth Strategies LLC lowered its stake in Nu Holdings Ltd. (NYSE:NU) by 26.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 27,016 shares of the company’s stock after selling 9,579 shares during the period. Precision Wealth Strategies LLC’s holdings in NU were worth $369,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of NU by 17.6% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 41,005 shares of the company’s stock valued at $560,000 after acquiring an additional 6,140 shares in the last quarter. Whittier Trust Co. raised its holdings in shares of NU by 23.1% during the third quarter. Whittier Trust Co. now owns 80,796 shares of the company’s stock valued at $1,103,000 after acquiring an additional 15,178 shares in the last quarter. Carolina Wealth Advisors LLC bought a new position in shares of NU during the third quarter valued at approximately $44,000. Toth Financial Advisory Corp bought a new position in shares of NU during the third quarter valued at approximately $55,000. Finally, Heritage Wealth Management Inc. CA bought a new position in shares of NU during the third quarter valued at approximately $137,000. Institutional investors own 80.90% of the company’s stock.

NU Trading Up 0.7 %

NYSE NU opened at $14.55 on Tuesday. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. Nu Holdings Ltd. has a 12 month low of $7.74 and a 12 month high of $15.16. The stock has a market cap of $69.32 billion, a P/E ratio of 46.92, a P/E/G ratio of 0.67 and a beta of 1.15. The stock’s fifty day moving average price is $14.16 and its 200-day moving average price is $12.71.

NU (NYSE:NU) last released its quarterly earnings data on Tuesday, August 13th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. NU had a return on equity of 27.00% and a net margin of 15.11%. The company had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same period last year, the firm posted $0.05 earnings per share. As a group, equities analysts forecast that Nu Holdings Ltd. will post 0.41 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

NU has been the subject of a number of research reports. Jefferies Financial Group increased their price objective on NU from $10.80 to $15.20 and gave the stock a “buy” rating in a report on Monday, June 24th. The Goldman Sachs Group increased their price objective on NU from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. UBS Group downgraded NU from a “buy” rating to a “neutral” rating and set a $13.50 price objective for the company. in a report on Friday, August 2nd. JPMorgan Chase & Co. increased their price objective on NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. Finally, Barclays increased their price objective on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, NU currently has an average rating of “Moderate Buy” and an average price target of $15.21.

NU Company 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.