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

OneAscent Financial Services LLC boosted its position in shares of Nu Holdings Ltd. (NYSE:NU) by 14.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,294 shares of the company’s stock after acquiring an additional 2,043 shares during the period. OneAscent Financial Services LLC’s holdings in NU were worth $169,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Piscataqua Savings Bank increased its holdings in shares of NU by 500.0% in the fourth quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock worth $31,000 after purchasing an additional 2,500 shares during the period. Campbell Capital Management Inc. bought a new position in NU in the 4th quarter worth about $52,000. Whipplewood Advisors LLC purchased a new stake in shares of NU in the 4th quarter valued at about $62,000. Ethos Financial Group LLC bought a new stake in shares of NU during the 4th quarter valued at about $82,000. Finally, Berbice Capital Management LLC purchased a new position in shares of NU during the fourth quarter worth about $93,000. Institutional investors own 84.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on NU shares. JPMorgan Chase & Co. lowered their target price on shares of NU from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Monday, February 24th. Barclays dropped their price objective on shares of NU from $17.00 to $15.00 and set an “overweight” rating for the company in a report on Monday, February 24th. Finally, UBS Group lowered their price target on NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $15.47.

NU Trading Down 6.8 %

NYSE NU opened at $9.57 on Friday. The firm has a market cap of $45.61 billion, a PE ratio of 23.93, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $16.15. The stock has a 50-day moving average of $11.87 and a 200-day moving average of $12.62. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20.

NU (NYSE:NU) last issued its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.12. NU had a net margin of 17.12% and a return on equity of 30.99%. The firm had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $3.17 billion. As a group, sell-side analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current year.

NU Company Profile

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.