Deutsche Bank AG increased its holdings in shares of StoneCo Ltd. (NASDAQ:STNE - Free Report) by 5.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,487,683 shares of the company's stock after purchasing an additional 76,562 shares during the quarter. Deutsche Bank AG owned 0.48% of StoneCo worth $11,857,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Thrivent Financial for Lutherans boosted its stake in shares of StoneCo by 6.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 21,082 shares of the company's stock valued at $168,000 after purchasing an additional 1,205 shares in the last quarter. Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of StoneCo by 31.6% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 7,500 shares of the company's stock worth $59,000 after buying an additional 1,800 shares in the last quarter. Aviva PLC increased its position in shares of StoneCo by 1.1% during the 4th quarter. Aviva PLC now owns 176,900 shares of the company's stock valued at $1,410,000 after purchasing an additional 2,000 shares during the last quarter. Xponance Inc. increased its holdings in StoneCo by 10.9% during the 4th quarter. Xponance Inc. now owns 20,781 shares of the company's stock valued at $166,000 after purchasing an additional 2,044 shares during the period. Finally, Prudential PLC lifted 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 last quarter. Institutional investors own 73.19% of the company's stock.
StoneCo Stock Performance
Shares of StoneCo stock traded up $0.06 during midday trading on Monday, hitting $13.42. The company had a trading volume of 4,666,253 shares, compared to its average volume of 5,739,438. The company has a fifty day simple moving average of $11.98 and a 200 day simple moving average of $10.22. StoneCo Ltd. has a 12-month low of $7.72 and a 12-month high of $15.23. The stock has a market cap of $3.84 billion, a price-to-earnings ratio of 10.48, a PEG ratio of 0.41 and a beta of 2.01. 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 (NASDAQ:STNE - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.02. StoneCo had a return on equity of 13.92% and a net margin of 16.02%. The firm had revenue of $625.86 million for the quarter, compared to analyst estimates of $3.68 billion. As a group, analysts predict that StoneCo Ltd. will post 1.16 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on STNE. The Goldman Sachs Group lowered their target price on shares of StoneCo from $16.00 to $14.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Morgan Stanley boosted their target price on StoneCo from $5.70 to $6.00 and gave the company an "underweight" rating in a research report on Friday, March 21st. Citigroup upgraded StoneCo from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $9.00 to $15.00 in a research report on Tuesday, April 22nd. Wells Fargo & Company raised StoneCo from an "equal weight" rating to an "overweight" rating in a research note on Wednesday, March 19th. Finally, Barclays upped their price target on shares of StoneCo from $13.00 to $15.00 and gave the stock an "equal weight" rating in a research report on Monday, May 12th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $15.63.
Check Out Our Latest Research 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.
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