OneAscent Financial Services LLC Sells 10,047 Shares of Nu Holdings Ltd. (NYSE:NU)

OneAscent Financial Services LLC cut its stake in Nu Holdings Ltd. (NYSE:NU) by 41.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,251 shares of the company’s stock after selling 10,047 shares during the period. OneAscent Financial Services LLC’s holdings in NU were worth $195,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group increased their target price on NU from $17.00 to $19.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Bank of America upped their price target on shares of NU from $12.80 to $15.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. UBS Group lowered shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 price target on the stock. in a report on Friday, August 2nd. Barclays upped their price objective on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Finally, Itau BBA Securities cut NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, NU presently has an average rating of “Moderate Buy” and an average target price of $16.21.

NU Stock Performance

Shares of NU opened at $13.46 on Wednesday. Nu Holdings Ltd. has a one year low of $8.04 and a one year high of $16.15. The company has a 50-day simple moving average of $14.47 and a two-hundred day simple moving average of $13.27. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. The firm has a market capitalization of $64.13 billion, a PE ratio of 37.38, a price-to-earnings-growth ratio of 0.64 and a beta of 1.13.

About NU

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.