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

Precision Wealth Strategies LLC reduced its position in Nu Holdings Ltd. (NYSE:NU) by 26.2% during the third quarter, according to its most recent 13F filing with the SEC. 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 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV raised its stake in NU by 287.9% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock valued at $26,000 after acquiring an additional 1,422 shares during the period. GAMMA Investing LLC increased its position in shares of NU by 56.2% during the second quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock valued at $29,000 after buying an additional 815 shares during the period. Carolina Wealth Advisors LLC bought a new stake in shares of NU during the third quarter valued at about $44,000. ORG Partners LLC bought a new stake in shares of NU during the second quarter valued at about $54,000. Finally, Toth Financial Advisory Corp bought a new stake in shares of NU during the third quarter valued at about $55,000. 80.90% of the stock is currently owned by institutional investors.

NU Stock Up 0.7 %

Shares of NU opened at $14.55 on Tuesday. The firm 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 has a 50 day simple moving average of $14.16 and a two-hundred day simple moving average of $12.71. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.49 and a quick ratio of 0.49. Nu Holdings Ltd. has a 1 year low of $7.74 and a 1 year high of $15.16.

NU (NYSE:NU) last issued its earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.02. The business had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.90 billion. NU had a return on equity of 27.00% and a net margin of 15.11%. During the same quarter in the prior year, the firm earned $0.05 earnings per share. On average, analysts forecast that Nu Holdings Ltd. will post 0.41 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Barclays upped their price target on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Jefferies Financial Group upped their price target on NU from $10.80 to $15.20 and gave the company a “buy” rating in a research report on Monday, June 24th. JPMorgan Chase & Co. boosted 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. The Goldman Sachs Group boosted 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. Finally, UBS Group lowered 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. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company 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.