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

OneAscent Wealth Management LLC lowered its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 37.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm 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 added to or reduced their stakes in the company. Swiss National Bank bought a new position in shares of NU during the 3rd quarter valued at approximately $91,860,000. Thrivent Financial for Lutherans grew its holdings in NU by 23.2% during the third quarter. Thrivent Financial for Lutherans now owns 257,648 shares of the company’s stock valued at $3,517,000 after purchasing an additional 48,445 shares during the period. Adero Partners LLC increased its position in NU by 5.7% in the third quarter. Adero Partners LLC now owns 4,819,355 shares of the company’s stock worth $65,784,000 after buying an additional 259,324 shares during the last quarter. Mount Lucas Management LP bought a new stake in shares of NU in the third quarter valued at $478,000. Finally, Natixis Advisors LLC lifted its position in shares of NU by 6.4% during the 3rd quarter. Natixis Advisors LLC now owns 1,509,561 shares of the company’s stock valued at $20,606,000 after buying an additional 90,253 shares during the last quarter. Hedge funds and other institutional investors own 80.90% of the company’s stock.

NU Price Performance

NU stock opened at $13.65 on Tuesday. The stock has a market cap of $65.06 billion, a price-to-earnings ratio of 37.92, a PEG ratio of 0.64 and a beta of 1.13. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. The business has a 50-day simple moving average of $14.47 and a 200 day simple moving average of $13.26. Nu Holdings Ltd. has a 52 week low of $8.04 and a 52 week high of $16.15.

Analysts Set New Price Targets

NU has been the topic of a number of research reports. Barclays boosted their price objective on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Bank of America boosted their price target on shares of NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research report on Thursday, September 12th. The Goldman Sachs Group upped their price target on shares of NU from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. KeyCorp lifted 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 Thursday, November 14th. Finally, Susquehanna raised their price target on NU from $16.00 to $18.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $16.21.

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.