Crestline Management LP Has $910,000 Stock Holdings in StoneCo Ltd. (NASDAQ:STNE)

Crestline Management LP boosted its position in shares of StoneCo Ltd. (NASDAQ:STNE - Free Report) by 792.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 114,239 shares of the company's stock after purchasing an additional 101,440 shares during the period. Crestline Management LP's holdings in StoneCo were worth $910,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in STNE. Thrivent Financial for Lutherans raised its stake in StoneCo by 6.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 21,082 shares of the company's stock worth $168,000 after acquiring an additional 1,205 shares during the period. Skandinaviska Enskilda Banken AB publ raised its stake 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 in the last quarter. Aviva PLC boosted its position in StoneCo by 1.1% during the 4th quarter. Aviva PLC now owns 176,900 shares of the company's stock worth $1,410,000 after acquiring an additional 2,000 shares during the period. Xponance Inc. grew its stake in shares of StoneCo by 10.9% in the fourth quarter. Xponance Inc. now owns 20,781 shares of the company's stock worth $166,000 after purchasing an additional 2,044 shares in the last quarter. Finally, Prudential PLC increased its holdings in shares of StoneCo by 21.4% during the fourth quarter. Prudential PLC now owns 15,051 shares of the company's stock valued at $120,000 after purchasing an additional 2,656 shares during the period. Hedge funds and other institutional investors own 73.19% of the company's stock.

StoneCo Stock Up 3.5%

Shares of STNE traded up $0.47 during mid-day trading on Tuesday, reaching $13.89. The company's stock had a trading volume of 7,624,252 shares, compared to its average volume of 5,789,594. StoneCo Ltd. has a 1 year low of $7.72 and a 1 year high of $15.64. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.47. The company has a market cap of $3.97 billion, a price-to-earnings ratio of 10.85, a price-to-earnings-growth ratio of 0.41 and a beta of 2.01. The business has a fifty day moving average of $11.64 and a 200 day moving average of $10.15.

StoneCo (NASDAQ:STNE - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.02. StoneCo had a net margin of 16.02% and a return on equity of 13.92%. The firm had revenue of $625.86 million for the quarter, compared to the consensus estimate of $3.68 billion. As a group, analysts forecast that StoneCo Ltd. will post 1.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on STNE shares. The Goldman Sachs Group decreased 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. Citigroup upgraded shares of StoneCo from a "neutral" rating to a "buy" rating and raised their price objective for the company from $9.00 to $15.00 in a research note on Tuesday, April 22nd. Barclays increased their price target on StoneCo from $13.00 to $15.00 and gave the company an "equal weight" rating in a research note on Monday. Morgan Stanley boosted their price objective on StoneCo from $5.70 to $6.00 and gave the stock an "underweight" rating in a research note on Friday, March 21st. Finally, Wells Fargo & Company upgraded StoneCo from an "equal weight" rating to an "overweight" rating in a report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $15.63.

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.