Deutsche Bank AG reduced its holdings in StoneCo Ltd. (NASDAQ:STNE - Free Report) by 19.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,204,433 shares of the company's stock after selling 283,250 shares during the period. Deutsche Bank AG owned about 0.42% of StoneCo worth $12,622,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Signaturefd LLC boosted its holdings in StoneCo by 13.6% during the first quarter. Signaturefd LLC now owns 7,708 shares of the company's stock worth $81,000 after buying an additional 924 shares in the last quarter. Xponance Inc. boosted its holdings in StoneCo by 4.7% during the first quarter. Xponance Inc. now owns 21,762 shares of the company's stock worth $228,000 after buying an additional 981 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in StoneCo by 18.4% during the first quarter. PNC Financial Services Group Inc. now owns 8,473 shares of the company's stock worth $89,000 after buying an additional 1,317 shares in the last quarter. CWM LLC boosted its holdings in StoneCo by 327.4% during the first quarter. CWM LLC now owns 3,154 shares of the company's stock worth $33,000 after buying an additional 2,416 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its holdings in StoneCo by 143.0% during the first quarter. Harbor Capital Advisors Inc. now owns 4,614 shares of the company's stock worth $48,000 after buying an additional 2,715 shares in the last quarter. 73.19% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
STNE has been the topic of a number of recent analyst reports. Wall Street Zen downgraded shares of StoneCo from a "buy" rating to a "hold" rating in a report on Friday, June 6th. Barclays increased their price target on shares of StoneCo from $13.00 to $15.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. Santander raised shares of StoneCo from a "neutral" rating to an "outperform" rating in a report on Wednesday, May 21st. Citigroup upgraded shares of StoneCo from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $9.00 to $15.00 in a research report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. upped their price objective on shares of StoneCo from $15.50 to $18.50 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. One analyst has rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $15.07.
View Our Latest Stock Analysis on STNE
StoneCo Price Performance
Shares of NASDAQ STNE opened at $15.32 on Friday. The firm has a 50-day simple moving average of $14.57 and a 200-day simple moving average of $12.48. The stock has a market capitalization of $4.38 billion, a price-to-earnings ratio of -21.89, a price-to-earnings-growth ratio of 0.42 and a beta of 1.88. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.76. StoneCo Ltd. has a 52 week low of $7.72 and a 52 week high of $16.68.
StoneCo (NASDAQ:STNE - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.39 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.03. The business had revenue of $643.82 million during 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%. On average, equities analysts predict that StoneCo Ltd. will post 1.16 earnings per share for the current fiscal year.
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.
Further Reading
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