GAMMA Investing LLC lifted its holdings in shares of StoneCo Ltd. (NASDAQ:STNE - Free Report) by 16,524.6% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,423 shares of the company's stock after purchasing an additional 30,240 shares during the quarter. GAMMA Investing LLC's holdings in StoneCo were worth $2,903,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently added to or reduced their stakes in STNE. Squadra Investments Gestao DE Recursos LTDA. raised its holdings in shares of StoneCo by 46.8% in 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 in the last quarter. Norges Bank purchased a new position in StoneCo during the 4th quarter worth approximately $22,642,000. Point72 Asset Management L.P. boosted its stake 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 worth $111,234,000 after purchasing an additional 2,534,079 shares during the period. Atmos Capital Gestao DE Recursos LTDA. boosted its stake in shares of StoneCo by 23.0% during the fourth 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 period. Finally, Nuveen Asset Management LLC grew its stake in shares of StoneCo by 40.3% in the 4th quarter. Nuveen Asset Management LLC now owns 6,993,611 shares of the company's stock valued at $55,739,000 after purchasing an additional 2,008,710 shares during the last quarter. 73.19% of the stock is currently owned by institutional investors and hedge funds.
StoneCo Stock Down 1.3%
Shares of StoneCo stock traded down $0.18 on Friday, hitting $13.76. 5,043,240 shares of the company's stock traded hands, compared to its average volume of 5,803,691. The stock has a market cap of $3.94 billion, a P/E ratio of 10.75, a PEG ratio of 0.41 and a beta of 1.92. 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 firm's 50-day moving average is $13.09 and its 200 day moving average is $10.62.
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, topping analysts' consensus estimates of $0.32 by $0.02. The firm had revenue of $625.86 million during the quarter, compared to the consensus estimate of $3.68 billion. StoneCo had a net margin of 16.02% and a return on equity of 13.92%. Equities analysts anticipate 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. Barclays raised their target price on StoneCo from $13.00 to $15.00 and gave the company an "equal weight" rating in a report on Monday, May 12th. Citigroup upgraded shares of StoneCo from a "neutral" rating to a "buy" rating and upped their target price for the company from $9.00 to $15.00 in a report on Tuesday, April 22nd. Wall Street Zen downgraded StoneCo from a "buy" rating to a "hold" rating in a research report on Friday, June 6th. Santander raised shares of StoneCo from a "neutral" rating to an "outperform" rating in a research note on Wednesday, May 21st. Finally, Wells Fargo & Company raised shares of StoneCo from an "equal weight" rating to an "overweight" rating in a research report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, StoneCo currently has an average rating of "Moderate Buy" and an average price target of $15.63.
Check Out Our Latest Report on STNE
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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