Lansforsakringar Fondforvaltning AB publ purchased a new stake in shares of StoneCo Ltd. (NASDAQ:STNE - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 46,000 shares of the company's stock, valued at approximately $367,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its holdings in shares of StoneCo by 254.7% in the fourth quarter. Jones Financial Companies Lllp now owns 4,256 shares of the company's stock worth $34,000 after buying an additional 3,056 shares during the period. Sterling Capital Management LLC boosted its holdings in StoneCo by 627.0% in the fourth quarter. Sterling Capital Management LLC now owns 4,551 shares of the company's stock worth $36,000 after acquiring an additional 3,925 shares in the last quarter. Newbridge Financial Services Group Inc. boosted its holdings in StoneCo by 166.7% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 6,400 shares of the company's stock worth $51,000 after acquiring an additional 4,000 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of StoneCo in the fourth quarter worth about $56,000. Finally, Skandinaviska Enskilda Banken AB publ raised its stake in shares of StoneCo by 31.6% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 7,500 shares of the company's stock worth $59,000 after purchasing an additional 1,800 shares during the last quarter. 73.19% of the stock is owned by institutional investors.
StoneCo Price Performance
Shares of NASDAQ:STNE traded up $0.07 on Tuesday, reaching $14.21. 2,331,241 shares of the company traded hands, compared to its average volume of 5,739,173. The company's 50 day moving average is $12.62 and its 200-day moving average is $10.40. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.42 and a quick ratio of 1.42. StoneCo Ltd. has a fifty-two week low of $7.72 and a fifty-two week high of $15.08. The stock has a market capitalization of $4.06 billion, a PE ratio of 11.10, a P/E/G ratio of 0.41 and a beta of 2.01.
StoneCo (NASDAQ:STNE - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. The business had revenue of $625.86 million during the quarter, compared to analysts' expectations of $3.68 billion. StoneCo had a net margin of 16.02% and a return on equity of 13.92%. As a group, analysts anticipate that StoneCo Ltd. will post 1.16 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several analysts have commented on STNE shares. Morgan Stanley raised their price objective on StoneCo from $5.70 to $6.00 and gave the company an "underweight" rating in a report on Friday, March 21st. Barclays boosted their price objective 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 StoneCo from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $9.00 to $15.00 in a report 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. Finally, Wall Street Zen raised StoneCo from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $15.63.
View Our Latest Report 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.
See Also
Before you consider StoneCo, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and StoneCo wasn't on the list.
While StoneCo currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
