OneAscent Wealth Management LLC Sells 6,938 Shares of Nu Holdings Ltd. (NYSE:NU)

OneAscent Wealth Management LLC lowered its position in shares of Nu Holdings Ltd. (NYSE:NU) by 37.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,721 shares of the company’s stock after selling 6,938 shares during the quarter. OneAscent Wealth Management LLC’s holdings in NU were worth $160,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Baillie Gifford & Co. increased its stake in shares of NU by 13.0% in the 3rd quarter. Baillie Gifford & Co. now owns 210,103,451 shares of the company’s stock valued at $2,867,912,000 after acquiring an additional 24,140,416 shares in the last quarter. Capital Research Global Investors increased its stake in NU by 15.7% in the first quarter. Capital Research Global Investors now owns 202,618,338 shares of the company’s stock valued at $2,417,237,000 after purchasing an additional 27,420,994 shares in the last quarter. Whale Rock Capital Management LLC raised its holdings in shares of NU by 0.8% during the first quarter. Whale Rock Capital Management LLC now owns 25,004,827 shares of the company’s stock valued at $298,308,000 after purchasing an additional 204,305 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in shares of NU by 10.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 19,976,979 shares of the company’s stock worth $272,686,000 after purchasing an additional 1,828,143 shares in the last quarter. Finally, Sei Investments Co. grew its stake in shares of NU by 23.0% in the 2nd quarter. Sei Investments Co. now owns 18,927,977 shares of the company’s stock valued at $243,982,000 after buying an additional 3,544,124 shares during the period. 80.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NU has been the topic of a number of research reports. JPMorgan Chase & Co. upped their price target on NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. The Goldman Sachs Group upped their target price on NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. KeyCorp lifted their price target on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. UBS Group downgraded shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 price objective on the stock. in a report on Friday, August 2nd. Finally, Bank of America boosted their target price on shares of NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $16.21.

NU Stock Down 2.9 %

NU opened at $13.65 on Tuesday. Nu Holdings Ltd. has a fifty-two week low of $8.04 and a fifty-two week 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. The company’s 50-day moving average is $14.47 and its 200 day moving average is $13.26. The firm has a market capitalization of $65.06 billion, a P/E ratio of 37.92, a PEG ratio of 0.64 and a beta of 1.13.

NU Company 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.