Precision Wealth Strategies LLC Increases Stock Holdings in Nu Holdings Ltd. (NYSE:NU)

Precision Wealth Strategies LLC increased its holdings in Nu Holdings Ltd. (NYSE:NU) by 3.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,497 shares of the company’s stock after purchasing an additional 1,303 shares during the period. Precision Wealth Strategies LLC’s holdings in NU were worth $495,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Capital Research Global Investors lifted its stake in shares of NU by 20.7% during the fourth quarter. Capital Research Global Investors now owns 175,197,344 shares of the company’s stock worth $1,459,403,000 after purchasing an additional 30,002,685 shares in the last quarter. Baillie Gifford & Co. lifted its stake in shares of NU by 47.6% in the first quarter. Baillie Gifford & Co. now owns 169,450,124 shares of the company’s stock worth $2,021,540,000 after acquiring an additional 54,681,625 shares in the last quarter. WCM Investment Management LLC lifted its stake in shares of NU by 1,157.4% in the first quarter. WCM Investment Management LLC now owns 99,965,627 shares of the company’s stock worth $1,192,590,000 after acquiring an additional 92,015,719 shares in the last quarter. Sands Capital Management LLC lifted its stake in shares of NU by 92.7% in the fourth quarter. Sands Capital Management LLC now owns 85,220,661 shares of the company’s stock worth $709,888,000 after acquiring an additional 40,992,413 shares in the last quarter. Finally, Jennison Associates LLC lifted its stake in shares of NU by 160.9% in the fourth quarter. Jennison Associates LLC now owns 65,813,072 shares of the company’s stock worth $548,223,000 after acquiring an additional 40,584,189 shares in the last quarter. Hedge funds and other institutional investors own 80.90% of the company’s stock.

NU Stock Performance

Shares of NU stock traded up $0.39 on Friday, reaching $12.82. 20,598,815 shares of the company were exchanged, compared to its average volume of 30,229,132. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.40 and a current ratio of 0.40. The company’s 50-day moving average is $11.88 and its two-hundred day moving average is $10.81. The firm has a market cap of $61.10 billion, a price-to-earnings ratio of 49.31, a P/E/G ratio of 0.58 and a beta of 1.14. Nu Holdings Ltd. has a 1-year low of $6.61 and a 1-year high of $13.01.

NU (NYSE:NU) last announced its quarterly earnings results on Tuesday, May 14th. The company reported $0.09 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.09. NU had a return on equity of 22.94% and a net margin of 13.86%. The business had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.58 billion. As a group, research analysts expect that Nu Holdings Ltd. will post 0.41 earnings per share for the current fiscal year.

Analysts Set New Price Targets

NU has been the topic of several recent analyst reports. Jefferies Financial Group boosted their price target on NU from $10.80 to $15.20 and gave the stock a “buy” rating in a research note on Monday, June 24th. Barclays started coverage on NU in a report on Wednesday, June 26th. They issued an “overweight” rating and a $15.00 price objective for the company. TheStreet raised NU from a “c+” rating to a “b” rating in a report on Friday, March 8th. KeyCorp boosted their price objective on NU from $12.00 to $13.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Finally, Susquehanna boosted their price objective on NU from $12.00 to $14.00 and gave the company a “positive” rating in a report on Wednesday, May 15th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $11.70.

NU 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.