Coronation Fund Managers Ltd. lifted its holdings in StoneCo Ltd. (NASDAQ:STNE - Free Report) by 2.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,828,714 shares of the company's stock after buying an additional 35,217 shares during the quarter. StoneCo makes up about 1.0% of Coronation Fund Managers Ltd.'s holdings, making the stock its 27th biggest holding. Coronation Fund Managers Ltd. owned 0.64% of StoneCo worth $19,165,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Squadra Investments Gestao DE Recursos LTDA. grew its position in StoneCo by 46.8% during the 4th quarter. Squadra Investments Gestao DE Recursos LTDA. now owns 13,951,183 shares of the company's stock valued at $111,191,000 after purchasing an additional 4,446,709 shares during the last quarter. JGP Global Gestao de Recursos Ltda. grew its position in StoneCo by 484.8% during the 1st quarter. JGP Global Gestao de Recursos Ltda. now owns 4,472,738 shares of the company's stock valued at $46,874,000 after purchasing an additional 3,707,941 shares during the last quarter. Point72 Asset Management L.P. grew its position in StoneCo by 22.2% during the 4th quarter. Point72 Asset Management L.P. now owns 13,956,554 shares of the company's stock valued at $111,234,000 after purchasing an additional 2,534,079 shares during the last quarter. Atmos Capital Gestao DE Recursos LTDA. grew its position in 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 valued at $92,642,000 after purchasing an additional 2,173,389 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its stake in StoneCo by 40.3% during the 4th quarter. Nuveen Asset Management LLC now owns 6,993,611 shares of the company's stock valued at $55,739,000 after acquiring an additional 2,008,710 shares during the period. 73.19% of the stock is owned by hedge funds and other institutional investors.
StoneCo Trading Up 6.2%
Shares of STNE traded up $0.89 during trading hours on Tuesday, reaching $15.19. 5,521,876 shares of the company traded hands, compared to its average volume of 5,117,501. The firm has a market cap of $4.34 billion, a price-to-earnings ratio of -21.70, a PEG ratio of 0.38 and a beta of 1.88. The stock's fifty day moving average price is $14.50 and its 200 day moving average price is $12.41. StoneCo Ltd. has a 12-month low of $7.72 and a 12-month high of $16.68. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.76.
StoneCo (NASDAQ:STNE - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.36 by $0.03. The firm had revenue of $643.82 million for the quarter, compared to analysts' expectations of $3.78 billion. StoneCo had a negative net margin of 8.37% and a positive return on equity of 18.71%. Sell-side analysts forecast that StoneCo Ltd. will post 1.16 earnings per share for the current year.
Analysts Set New Price Targets
STNE has been the topic of several research analyst reports. Santander upgraded shares of StoneCo from a "neutral" rating to an "outperform" rating in a research note on Wednesday, May 21st. Wall Street Zen cut shares of StoneCo from a "buy" rating to a "hold" rating in a research note on Friday, June 6th. Barclays increased their price objective on shares of StoneCo from $13.00 to $15.00 and gave the stock an "equal weight" rating in a research note on Monday, May 12th. JPMorgan Chase & Co. increased their price objective on shares of StoneCo from $15.50 to $18.50 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Finally, Citigroup raised shares of StoneCo from a "neutral" rating to a "buy" rating and lifted their price target for the company from $9.00 to $15.00 in a report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $15.07.
Read Our Latest Analysis on STNE
StoneCo 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.
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