Westfield Capital Management Co. LP Has $66.58 Million Stock Position in Nu Holdings Ltd. (NYSE:NU)

Key Points

• Westfield Capital Management Co. LP has reduced its stake in Nu Holdings Ltd. by 1.1%, now owning approximately 6.5 million shares valued at $66.58 million.
• Several institutional investors significantly increased their positions in Nu Holdings, with increases ranging from 43.6% to 286,000% during the first quarter.
• Nu Holdings posted earnings of $0.11 per share for the last quarter, missing analysts' expectations, but reported revenue of $3.25 billion, exceeding estimates.

Westfield Capital Management Co. LP lowered its stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 1.1% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 6,501,928 shares of the company's stock after selling 70,030 shares during the period. Westfield Capital Management Co. LP owned approximately 0.13% of NU worth $66,580,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Perigon Wealth Management LLC boosted its position in NU by 8.4% in the first quarter. Perigon Wealth Management LLC now owns 14,641 shares of the company's stock valued at $150,000 after buying an additional 1,136 shares in the last quarter. Quarry LP raised its stake in shares of NU by 15.3% in the fourth quarter. Quarry LP now owns 9,095 shares of the company's stock worth $94,000 after acquiring an additional 1,205 shares during the last quarter. Richards Merrill & Peterson Inc. raised its stake in shares of NU by 43.6% in the first quarter. Richards Merrill & Peterson Inc. now owns 4,115 shares of the company's stock worth $42,000 after acquiring an additional 1,250 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of NU by 51.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 3,815 shares of the company's stock worth $39,000 after acquiring an additional 1,295 shares during the last quarter. Finally, TFC Financial Management Inc. raised its stake in shares of NU by 74.1% in the first quarter. TFC Financial Management Inc. now owns 3,114 shares of the company's stock worth $32,000 after acquiring an additional 1,325 shares during the last quarter. Institutional investors and hedge funds own 84.02% of the company's stock.

NU Trading Down 0.3%

Shares of NU stock traded down $0.04 during trading on Friday, reaching $12.37. 16,235,880 shares of the company were exchanged, compared to its average volume of 56,687,176. The business has a 50-day moving average price of $12.73 and a 200-day moving average price of $12.15. Nu Holdings Ltd. has a twelve month low of $9.01 and a twelve month high of $16.15. The firm has a market capitalization of $59.63 billion, a price-to-earnings ratio of 28.76, a P/E/G ratio of 0.69 and a beta of 1.05. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.20.

NU (NYSE:NU - Get Free Report) last released its quarterly earnings data on Tuesday, May 13th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.01). NU had a return on equity of 30.77% and a net margin of 17.88%. The firm had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same period in the previous year, the business earned $0.09 EPS. Sell-side analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on NU shares. JPMorgan Chase & Co. boosted their target price on shares of NU from $14.50 to $16.00 and gave the stock an "overweight" rating in a research note on Monday, June 30th. Morgan Stanley reaffirmed an "overweight" rating on shares of NU in a research note on Friday, June 13th. Barclays boosted their target price on shares of NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. Finally, Susquehanna lifted their price target on shares of NU from $14.00 to $15.00 and gave the stock a "positive" rating in a research report on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $15.50.

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.