OneAscent Financial Services LLC Trims Holdings in Nu Holdings Ltd. (NYSE:NU)

OneAscent Financial Services LLC reduced its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 41.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Adero Partners LLC lifted its holdings in shares of NU by 5.7% during the third quarter. Adero Partners LLC now owns 4,819,355 shares of the company’s stock valued at $65,784,000 after purchasing an additional 259,324 shares during the last quarter. Aigen Investment Management LP purchased a new position in NU during the third quarter valued at $814,000. Principal Financial Group Inc. boosted its holdings in NU by 315.8% in the third quarter. Principal Financial Group Inc. now owns 1,153,464 shares of the company’s stock worth $15,745,000 after acquiring an additional 876,039 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of NU by 1,074.6% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 131,136 shares of the company’s stock worth $1,790,000 after acquiring an additional 119,972 shares during the last quarter. Finally, Public Investment Fund increased its holdings in shares of NU by 223.1% during the second quarter. Public Investment Fund now owns 3,802,480 shares of the company’s stock valued at $49,014,000 after acquiring an additional 2,625,500 shares in the last quarter. Institutional investors own 80.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Barclays upped their price target on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. KeyCorp increased their price target on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. The Goldman Sachs Group boosted their price objective on shares of NU from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. UBS Group downgraded NU from a “buy” rating to a “neutral” rating and set a $13.50 target price on the stock. in a research note on Friday, August 2nd. Finally, Itau BBA Securities cut NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, NU presently has a consensus rating of “Moderate Buy” and an average price target of $16.21.

NU Stock Performance

NU stock opened at $13.46 on Wednesday. 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 Holdings Ltd. has a 1 year low of $8.04 and a 1 year high of $16.15. The company has a market cap of $64.13 billion, a P/E ratio of 37.38, a price-to-earnings-growth ratio of 0.64 and a beta of 1.13. The stock’s fifty day moving average price is $14.47 and its 200-day moving average price is $13.27.

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.