Edgestream Partners L.P. raised its stake in StoneCo Ltd. (NASDAQ:STNE - Free Report) by 469.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 330,185 shares of the company's stock after buying an additional 272,167 shares during the quarter. Edgestream Partners L.P. owned about 0.11% of StoneCo worth $3,460,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Xponance Inc. raised its position 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 acquiring an additional 981 shares in the last quarter. Thrivent Financial for Lutherans raised its position in StoneCo by 6.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 21,082 shares of the company's stock worth $168,000 after acquiring an additional 1,205 shares in the last quarter. Skandinaviska Enskilda Banken AB publ raised its position in StoneCo by 31.6% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 7,500 shares of the company's stock worth $59,000 after acquiring an additional 1,800 shares in the last quarter. Aviva PLC raised its position in StoneCo by 1.1% during the fourth quarter. Aviva PLC now owns 176,900 shares of the company's stock worth $1,410,000 after acquiring an additional 2,000 shares in the last quarter. Finally, CWM LLC raised its position 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 acquiring an additional 2,416 shares in the last quarter. Institutional investors own 73.19% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the stock. 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. Wall Street Zen downgraded shares of StoneCo from a "buy" rating to a "hold" rating in a report on Friday, June 6th. JPMorgan Chase & Co. upped their price objective on shares of StoneCo from $15.50 to $18.50 and gave the company an "overweight" rating in a report on Wednesday. Santander upgraded shares of StoneCo from a "neutral" rating to an "outperform" rating in a report on Wednesday, May 21st. Finally, Citigroup upgraded shares of StoneCo from a "neutral" rating to a "buy" rating and upped their price objective 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 assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $15.07.
Check Out Our Latest Report on STNE
StoneCo Stock Performance
Shares of STNE stock traded down $1.24 on Friday, hitting $13.67. The company's stock had a trading volume of 7,395,635 shares, compared to its average volume of 5,822,806. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.39 and a current ratio of 1.39. The stock's 50 day moving average is $14.51 and its 200-day moving average is $11.80. StoneCo Ltd. has a fifty-two week low of $7.72 and a fifty-two week high of $16.68. The company has a market capitalization of $3.91 billion, a PE ratio of -17.53, a PEG ratio of 0.36 and a beta of 1.94.
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, beating the consensus estimate of $0.32 by $0.02. StoneCo had a negative net margin of 8.90% and a positive return on equity of 16.65%. The business had revenue of $625.86 million for the quarter, compared to the consensus estimate of $3.68 billion. Equities research analysts expect 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.
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