Nu Holdings (NU), free stock by double up November 14, 2023
Posted by deminvest in bank, fintech, Free stock by double up, growth stock, investment, my free stock, nasdaq, Nasdaq stock, South America.Tags: bank, brazil, Buffet stock, finance, fintech, NU, stock
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On 01/27/2023, I purchased 25 shares of NU at $4.338 each, amounting to ($108.45).
Subsequently, on 11/14/2023, I sold 13 NU shares at $8.831 each, generating a total of $114.79 in proceeds.
Consequently, I now hold 12 NU free shares without any cost, accompanied by a $ 6 profit. NU stands out as a rapidly growing player in the online banking sector, backed by the endorsement of Warren Buffett and boasting an impressive Quarterly Revenue Growth (yoy) of 106.10%, along with reasonable profitability metrics:
- Trailing P/E: 114.92
- Forward P/E: 25.45
These factors underscore NU’s potential for sustained growth, making me happy to retain the 12 free NU shares in my portfolio. Why should I sell them? They’re free!
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