Sciencast Management LP Acquires New Holdings in Nu Holdings Ltd. (NYSE:NU)

Sciencast Management LP acquired a new stake in shares of Nu Holdings Ltd. (NYSE:NU) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 91,387 shares of the company’s stock, valued at approximately $947,000.

Several other institutional investors also recently bought and sold shares of the business. Lakeshore Financial Planning Inc. purchased a new position in NU in the fourth quarter worth $109,000. Whittier Trust Co. of Nevada Inc. grew its holdings in NU by 29.7% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 53,200 shares of the company’s stock worth $551,000 after purchasing an additional 12,195 shares during the last quarter. RWQ Financial Management Services Inc. purchased a new position in NU in the fourth quarter worth $150,000. Whittier Trust Co. grew its holdings in NU by 50.4% in the fourth quarter. Whittier Trust Co. now owns 121,513 shares of the company’s stock worth $1,259,000 after purchasing an additional 40,717 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. grew its holdings in NU by 7.1% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 232,615 shares of the company’s stock worth $2,410,000 after purchasing an additional 15,351 shares during the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Barclays cut their price target on shares of NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a report on Monday, February 24th. JPMorgan Chase & Co. lowered their price objective on shares of NU from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Monday, February 24th. UBS Group lowered their price objective on shares of NU from $15.50 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. Finally, Citigroup downgraded shares of NU from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $14.60 to $11.00 in a research note on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $15.47.

NU Trading Up 1.9 %

NYSE NU opened at $11.62 on Friday. The company has a market capitalization of $55.36 billion, a PE ratio of 29.04, a P/E/G ratio of 0.48 and a beta of 1.14. The company has a fifty day moving average of $12.05 and a 200 day moving average of $12.86. Nu Holdings Ltd. has a 1 year low of $9.67 and a 1 year high of $16.15. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44.

NU (NYSE:NU) last posted its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.12. The company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.17 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. Research analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

NU Profile

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.