Azora Capital LP increased its holdings in StoneCo Ltd. (NASDAQ:STNE - Free Report) by 305.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,228,318 shares of the company's stock after purchasing an additional 1,678,131 shares during the period. Azora Capital LP owned approximately 0.72% of StoneCo worth $17,760,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Balyasny Asset Management L.P. grew its position in StoneCo by 105.2% during the fourth quarter. Balyasny Asset Management L.P. now owns 71,111 shares of the company's stock worth $567,000 after buying an additional 36,456 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of StoneCo by 104.5% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 599,500 shares of the company's stock valued at $4,778,000 after acquiring an additional 306,400 shares in the last quarter. Northern Trust Corp increased its stake in StoneCo by 44.9% in the fourth quarter. Northern Trust Corp now owns 3,073,658 shares of the company's stock valued at $24,497,000 after acquiring an additional 952,039 shares during the period. Two Sigma Securities LLC raised its position in StoneCo by 429.5% in the fourth quarter. Two Sigma Securities LLC now owns 24,054 shares of the company's stock worth $192,000 after purchasing an additional 31,354 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in StoneCo by 18.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 118,826 shares of the company's stock worth $948,000 after purchasing an additional 18,659 shares during the period. 73.19% of the stock is owned by institutional investors.
StoneCo Trading Down 1.7 %
Shares of StoneCo stock traded down $0.24 during trading on Friday, reaching $13.57. 8,443,442 shares of the company were exchanged, compared to its average volume of 5,754,062. The firm has a market capitalization of $3.88 billion, a price-to-earnings ratio of 10.60, a P/E/G ratio of 0.41 and a beta of 2.01. The business has a 50-day moving average price of $11.47 and a 200-day moving average price of $10.14. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.47. StoneCo Ltd. has a twelve month low of $7.72 and a twelve month high of $16.99.
StoneCo (NASDAQ:STNE - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.29 by $0.05. StoneCo had a return on equity of 13.92% and a net margin of 16.02%. The business had revenue of $625.86 million for the quarter, compared to the consensus estimate of $3.68 billion. Sell-side analysts anticipate that StoneCo Ltd. will post 1.16 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several analysts recently commented on the company. Citigroup raised StoneCo from a "neutral" rating to a "buy" rating and boosted their price target for the company from $9.00 to $15.00 in a research note on Tuesday, April 22nd. The Goldman Sachs Group dropped 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. Morgan Stanley upped their price objective 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. Barclays boosted their target price on StoneCo from $12.00 to $13.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 23rd. Finally, Wells Fargo & Company raised StoneCo from an "equal weight" rating to an "overweight" rating in a report on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $15.38.
View Our Latest Stock Report on STNE
About StoneCo
(
Free Report)
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.
See Also
Before you consider StoneCo, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and StoneCo wasn't on the list.
While StoneCo currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
