Cerity Partners LLC Buys New Position in StoneCo Ltd. (NASDAQ:STNE)

Cerity Partners LLC bought a new stake in shares of StoneCo Ltd. (NASDAQ:STNE - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 33,318 shares of the company's stock, valued at approximately $278,000.

Other large investors have also recently modified their holdings of the company. Jones Financial Companies Lllp increased its position in shares of StoneCo by 254.7% during the 4th quarter. Jones Financial Companies Lllp now owns 4,256 shares of the company's stock valued at $34,000 after purchasing an additional 3,056 shares during the last quarter. Newbridge Financial Services Group Inc. increased its position in shares of StoneCo by 166.7% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 6,400 shares of the company's stock valued at $51,000 after purchasing an additional 4,000 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in StoneCo during the 4th quarter valued at $56,000. Skandinaviska Enskilda Banken AB publ boosted its holdings in StoneCo by 31.6% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 7,500 shares of the company's stock valued at $59,000 after acquiring an additional 1,800 shares during the period. Finally, KBC Group NV purchased a new position in StoneCo during the 4th quarter valued at $73,000. Institutional investors own 73.19% of the company's stock.

Analyst Upgrades and Downgrades

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

StoneCo Stock Down 0.1 %

Shares of STNE traded down $0.01 during trading hours on Tuesday, hitting $14.22. The company had a trading volume of 571,384 shares, compared to its average volume of 6,454,997. The company has a market capitalization of $4.39 billion, a PE ratio of 11.11, a price-to-earnings-growth ratio of 0.41 and a beta of 2.05. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.47. StoneCo Ltd. has a one year low of $7.72 and a one year high of $17.09. The company's fifty day moving average price is $10.81 and its two-hundred day moving average price is $9.98.

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

StoneCo 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.