Sciencast Management LP Sells 57,352 Shares of Nu Holdings Ltd. $NU

Key Points

• Sciencast Management LP reduced its stake in Nu Holdings Ltd. by 62.8%, leaving them with 34,035 shares valued at $349,000 after selling 57,352 shares in the first quarter.
• Several institutional investors have taken new positions or adjusted their stakes in Nu Holdings, with 84.02% of the company's stock now owned by hedge funds and institutional investors.
• Despite challenges in meeting revenue expectations, Nu Holdings reported earnings per share (EPS) of $0.14, exceeding the consensus estimate of $0.12.

Sciencast Management LP trimmed its position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 62.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,035 shares of the company's stock after selling 57,352 shares during the period. Sciencast Management LP's holdings in NU were worth $349,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of NU. Baillie Gifford & Co. raised its holdings in shares of NU by 17.9% during the 1st quarter. Baillie Gifford & Co. now owns 265,160,474 shares of the company's stock valued at $2,715,243,000 after buying an additional 40,181,132 shares in the last quarter. Nuveen LLC purchased a new position in shares of NU during the 1st quarter valued at about $221,317,000. Orbis Allan Gray Ltd purchased a new position in shares of NU during the 1st quarter valued at about $150,763,000. Kontiki Capital Management HK Ltd. raised its holdings in shares of NU by 54.3% during the 1st quarter. Kontiki Capital Management HK Ltd. now owns 32,575,725 shares of the company's stock valued at $333,575,000 after buying an additional 11,465,700 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of NU by 24.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 54,435,568 shares of the company's stock valued at $557,422,000 after buying an additional 10,785,851 shares in the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Santander raised NU to a "neutral" rating in a report on Monday, August 25th. Bradesco Corretora raised NU to an "outperform" rating and set a $17.00 price objective on the stock in a report on Monday, August 25th. Citigroup raised NU from a "sell" rating to a "buy" rating and lifted their price target for the stock from $9.00 to $18.00 in a research note on Wednesday, August 20th. JPMorgan Chase & Co. lifted their price target on NU from $16.00 to $17.00 and gave the stock an "overweight" rating in a research note on Friday, September 5th. Finally, UBS Group lifted their price target on NU from $14.30 to $15.60 and gave the stock a "neutral" rating in a research note on Tuesday, September 2nd. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $17.06.

NU Trading Up 0.5%

NU stock traded up $0.08 during trading hours on Friday, reaching $15.70. The company had a trading volume of 31,770,265 shares, compared to its average volume of 51,247,240. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.57 and a quick ratio of 0.57. The company has a 50-day moving average price of $13.50 and a 200 day moving average price of $12.38. The firm has a market cap of $75.65 billion, a price-to-earnings ratio of 34.13, a P/E/G ratio of 0.82 and a beta of 1.07. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $16.15.

NU (NYSE:NU - Get Free Report) last announced its quarterly earnings results on Thursday, August 14th. The company reported $0.14 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.02. The business had revenue of $3.70 billion for the quarter, compared to analysts' expectations of $3.78 billion. NU had a return on equity of 29.91% and a net margin of 17.90%.During the same period in the previous year, the firm earned $0.12 EPS. Equities analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

About NU

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.