StoneCo Ltd. (NASDAQ:STNE) is Atmos Capital Gestao DE Recursos LTDA.'s Largest Position

Atmos Capital Gestao DE Recursos LTDA. raised its stake in shares of StoneCo Ltd. (NASDAQ:STNE - Free Report) by 23.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,623,836 shares of the company's stock after buying an additional 2,173,389 shares during the quarter. StoneCo comprises 20.1% of Atmos Capital Gestao DE Recursos LTDA.'s portfolio, making the stock its largest holding. Atmos Capital Gestao DE Recursos LTDA. owned approximately 3.76% of StoneCo worth $92,642,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Geode Capital Management LLC increased its stake in StoneCo by 4.4% in the 4th quarter. Geode Capital Management LLC now owns 5,419,797 shares of the company's stock worth $43,120,000 after acquiring an additional 229,453 shares during the last quarter. Norges Bank bought a new position in shares of StoneCo in the fourth quarter worth approximately $22,642,000. SPX Gestao de Recursos Ltda raised its stake in StoneCo by 3,248.6% in the fourth quarter. SPX Gestao de Recursos Ltda now owns 1,813,588 shares of the company's stock valued at $14,454,000 after purchasing an additional 1,759,429 shares in the last quarter. JPMorgan Chase & Co. lifted its position in StoneCo by 7.3% during the fourth quarter. JPMorgan Chase & Co. now owns 1,696,729 shares of the company's stock valued at $13,523,000 after purchasing an additional 116,050 shares during the last quarter. Finally, Hsbc Holdings PLC increased its holdings in shares of StoneCo by 31.2% in the 4th quarter. Hsbc Holdings PLC now owns 1,498,316 shares of the company's stock worth $12,024,000 after buying an additional 356,201 shares during the last quarter. 73.19% of the stock is currently owned by institutional investors.

StoneCo Trading Up 2.4 %

StoneCo stock traded up $0.34 during trading hours on Monday, reaching $14.09. The stock had a trading volume of 4,074,016 shares, compared to its average volume of 6,493,390. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.42 and a quick ratio of 1.42. The company has a fifty day simple moving average of $10.73 and a 200-day simple moving average of $9.95. The stock has a market cap of $4.35 billion, a PE ratio of 11.00, a PEG ratio of 0.41 and a beta of 2.05. StoneCo Ltd. has a 52 week low of $7.72 and a 52 week high of $17.09.

StoneCo (NASDAQ:STNE - Get Free Report) last released its quarterly earnings results on Tuesday, March 18th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.07. StoneCo had a net margin of 16.02% and a return on equity of 13.92%. The business had revenue of $582.20 million for the quarter, compared to analysts' expectations of $3.59 billion. Analysts forecast that StoneCo Ltd. will post 1.16 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on STNE shares. The Goldman Sachs Group cut their target price on shares of StoneCo from $16.00 to $14.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Barclays upped their price objective on StoneCo from $12.00 to $13.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 23rd. Wells Fargo & Company raised StoneCo from an "equal weight" rating to an "overweight" rating in a report on Wednesday, March 19th. Citigroup raised StoneCo from a "neutral" rating to a "buy" rating and upped their target price for the stock from $9.00 to $15.00 in a research note on Tuesday, April 22nd. Finally, Morgan Stanley lifted their price target on shares of StoneCo from $5.70 to $6.00 and gave the stock an "underweight" rating in a research note on Friday, March 21st. One analyst has rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $15.38.

StoneCo Company Profile

StoneCo Ltd. provides financial technology and software solutions to merchants and integrated partners to conduct electronic commerce across in-store, online, and mobile channels in Brazil. It distributes its solutions, principally through proprietary Stone Hubs, which offer hyper-local sales and services; and sells solutions to brick-and-mortar and digital merchants through sales team.