Constellation Investimentos e Participacoes Ltda purchased a new stake in shares of StoneCo Ltd. (NASDAQ:STNE - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 94,500 shares of the company's stock, valued at approximately $990,000. StoneCo comprises approximately 2.8% of Constellation Investimentos e Participacoes Ltda's holdings, making the stock its 7th biggest position.
Several other institutional investors have also made changes to their positions in STNE. Harbor Capital Advisors Inc. lifted its holdings in StoneCo by 143.0% in the 1st quarter. Harbor Capital Advisors Inc. now owns 4,614 shares of the company's stock worth $48,000 after purchasing an additional 2,715 shares during the last quarter. Asset Management One Co. Ltd. grew its position in StoneCo by 34.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 45,569 shares of the company's stock valued at $373,000 after acquiring an additional 11,605 shares during the period. JPMorgan Chase & Co. boosted its stake in StoneCo by 7.3% in the fourth quarter. JPMorgan Chase & Co. now owns 1,696,729 shares of the company's stock worth $13,523,000 after purchasing an additional 116,050 shares in the last quarter. HighTower Advisors LLC acquired a new position in StoneCo in the fourth quarter worth $312,000. Finally, Proficio Capital Partners LLC acquired a new position in StoneCo in the fourth quarter worth $101,000. 73.19% of the stock is currently owned by institutional investors and hedge funds.
StoneCo Trading Up 9.7%
NASDAQ:STNE opened at $15.09 on Tuesday. StoneCo Ltd. has a 1-year low of $7.72 and a 1-year high of $15.16. The business's 50-day moving average price is $13.25 and its two-hundred day moving average price is $10.68. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $4.32 billion, a price-to-earnings ratio of 11.79, a PEG ratio of 0.41 and a beta of 1.92.
StoneCo (NASDAQ:STNE - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.02. The company had revenue of $625.86 million for the quarter, compared to analyst estimates of $3.68 billion. StoneCo had a return on equity of 13.92% and a net margin of 16.02%. On average, equities analysts expect that StoneCo Ltd. will post 1.16 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of research firms have commented on STNE. Citigroup raised StoneCo from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $9.00 to $15.00 in a research note 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. Barclays upped 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, May 12th. Morgan Stanley upped their price target on StoneCo from $5.70 to $6.00 and gave the company an "underweight" rating in a research note on Friday, March 21st. Finally, Santander raised StoneCo from a "neutral" rating to an "outperform" rating in a research note on Wednesday, May 21st. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $15.63.
Check Out Our Latest Stock Analysis on StoneCo
StoneCo Company Profile
(
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
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