StoneCo Ltd. (NASDAQ:STNE) Shares Purchased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in StoneCo Ltd. (NASDAQ:STNE - Free Report) by 8.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 915,429 shares of the company's stock after acquiring an additional 74,809 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.30% of StoneCo worth $7,295,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its holdings in StoneCo by 254.7% in the 4th quarter. Jones Financial Companies Lllp now owns 4,256 shares of the company's stock worth $34,000 after acquiring an additional 3,056 shares during the period. Sterling Capital Management LLC boosted its stake in shares of StoneCo by 627.0% during the 4th quarter. Sterling Capital Management LLC now owns 4,551 shares of the company's stock valued at $36,000 after buying an additional 3,925 shares during the last quarter. Newbridge Financial Services Group Inc. boosted its stake in shares of StoneCo by 166.7% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 6,400 shares of the company's stock valued at $51,000 after buying an additional 4,000 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of StoneCo during the 4th quarter valued at approximately $56,000. Finally, Skandinaviska Enskilda Banken AB publ boosted its stake in shares of StoneCo by 31.6% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 7,500 shares of the company's stock valued at $59,000 after buying an additional 1,800 shares during the last quarter. Hedge funds and other institutional investors own 73.19% of the company's stock.

StoneCo Stock Performance

Shares of STNE stock traded down $0.24 on Friday, hitting $13.28. 5,161,645 shares of the stock traded hands, compared to its average volume of 5,723,167. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.42 and a quick ratio of 1.42. The company has a market capitalization of $3.80 billion, a PE ratio of 10.38, a PEG ratio of 0.41 and a beta of 2.01. StoneCo Ltd. has a 1-year low of $7.72 and a 1-year high of $15.08. The company's fifty day moving average is $12.35 and its 200 day moving average is $10.30.

StoneCo (NASDAQ:STNE - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.02. The business had revenue of $625.86 million for the quarter, compared to analyst estimates of $3.68 billion. StoneCo had a return on equity of 13.92% and a net margin of 16.02%. On average, equities research analysts predict that StoneCo Ltd. will post 1.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. The Goldman Sachs Group reduced their target price on StoneCo from $16.00 to $14.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Citigroup upgraded StoneCo from a "neutral" rating to a "buy" rating and increased their target price for the company from $9.00 to $15.00 in a research note on Tuesday, April 22nd. Morgan Stanley increased their target price on StoneCo from $5.70 to $6.00 and gave the company an "underweight" rating in a research note on Friday, March 21st. Wells Fargo & Company upgraded StoneCo from an "equal weight" rating to an "overweight" rating in a research note on Wednesday, March 19th. Finally, Wall Street Zen upgraded StoneCo from a "hold" rating to a "buy" rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, one has given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $15.63.

StoneCo Company Profile

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.