Westfield Capital Management Co. LP Buys 1,710,428 Shares of Nu Holdings Ltd. (NYSE:NU)

Westfield Capital Management Co. LP grew its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 41.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,869,859 shares of the company’s stock after buying an additional 1,710,428 shares during the period. Westfield Capital Management Co. LP owned approximately 0.12% of NU worth $80,124,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Massmutual Trust Co. FSB ADV lifted its holdings in NU by 287.9% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock worth $26,000 after acquiring an additional 1,422 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of NU by 56.2% during 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 acquired a new position in shares of NU in the 3rd quarter valued at approximately $44,000. Toth Financial Advisory Corp bought a new stake in NU during the 3rd quarter worth approximately $55,000. Finally, ORG Partners LLC acquired a new stake in NU during the 2nd quarter worth approximately $54,000. 80.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NU has been the subject of several research reports. Itau BBA Securities downgraded shares of NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. increased their target price on NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. UBS Group lowered 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. KeyCorp increased their price objective on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Finally, The Goldman Sachs Group boosted their target price on NU from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $16.21.

NU Stock Performance

Shares of NYSE NU opened at $13.91 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. The stock has a 50 day moving average price of $14.41 and a 200 day moving average price of $13.29. The stock has a market capitalization of $66.29 billion, a PE ratio of 38.64, a price-to-earnings-growth ratio of 0.60 and a beta of 1.13. Nu Holdings Ltd. has a 52 week low of $8.04 and a 52 week high of $16.15.

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.