Ameriprise Financial Inc. Decreases Stock Holdings in StoneCo Ltd. (NASDAQ:STNE)

Ameriprise Financial Inc. decreased its holdings in shares of StoneCo Ltd. (NASDAQ:STNE - Free Report) by 12.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 405,017 shares of the company's stock after selling 58,683 shares during the period. Ameriprise Financial Inc. owned approximately 0.13% of StoneCo worth $3,228,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Norges Bank bought a new stake in StoneCo during the fourth quarter worth $22,642,000. Atmos Capital Gestao DE Recursos LTDA. lifted its position in shares of StoneCo by 23.0% during the 4th quarter. Atmos Capital Gestao DE Recursos LTDA. now owns 11,623,836 shares of the company's stock worth $92,642,000 after buying an additional 2,173,389 shares during the last quarter. SPX Gestao de Recursos Ltda boosted 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 buying an additional 1,759,429 shares in the last quarter. Northern Trust Corp boosted 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 buying an additional 952,039 shares in the last quarter. Finally, Trexquant Investment LP bought a new position in StoneCo in the fourth quarter valued at about $6,178,000. Institutional investors and hedge funds own 73.19% of the company's stock.

StoneCo Stock Up 0.4%

STNE traded up $0.06 during midday trading on Thursday, hitting $13.40. The company had a trading volume of 4,779,660 shares, compared to its average volume of 5,711,137. 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 52 week low of $7.72 and a 52 week high of $15.08. The stock's 50 day moving average price is $12.48 and its 200 day moving average price is $10.34. The company has a market capitalization of $3.83 billion, a price-to-earnings ratio of 10.47, a PEG ratio of 0.41 and a beta of 2.01.

StoneCo (NASDAQ:STNE - Get Free Report) last released 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. The company had revenue of $625.86 million during the quarter, compared to analyst estimates of $3.68 billion. StoneCo had a net margin of 16.02% and a return on equity of 13.92%. On average, research analysts anticipate that StoneCo Ltd. will post 1.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on STNE. Wall Street Zen raised shares of StoneCo from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Wells Fargo & Company upgraded StoneCo from an "equal weight" rating to an "overweight" rating in a research report on Wednesday, March 19th. Morgan Stanley raised their price objective on shares of StoneCo from $5.70 to $6.00 and gave the company an "underweight" rating in a report on Friday, March 21st. Santander raised shares of StoneCo from a "neutral" rating to an "outperform" rating in a report on Wednesday, May 21st. Finally, Barclays raised their price target on shares of StoneCo from $13.00 to $15.00 and gave the company an "equal weight" rating in a research note on Monday, May 12th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $15.63.

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.