Nuveen Asset Management LLC Has $55.74 Million Stock Holdings in StoneCo Ltd. (NASDAQ:STNE)

Nuveen Asset Management LLC grew its stake in shares of StoneCo Ltd. (NASDAQ:STNE - Free Report) by 40.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,993,611 shares of the company's stock after acquiring an additional 2,008,710 shares during the period. Nuveen Asset Management LLC owned 2.26% of StoneCo worth $55,739,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in STNE. Jones Financial Companies Lllp increased its stake in shares of StoneCo by 254.7% during the fourth quarter. Jones Financial Companies Lllp now owns 4,256 shares of the company's stock worth $34,000 after purchasing an additional 3,056 shares during the period. Sterling Capital Management LLC increased its position in StoneCo by 627.0% during the 4th quarter. Sterling Capital Management LLC now owns 4,551 shares of the company's stock worth $36,000 after buying an additional 3,925 shares during the period. Newbridge Financial Services Group Inc. increased its position in StoneCo by 166.7% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 6,400 shares of the company's stock worth $51,000 after buying an additional 4,000 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of StoneCo during the fourth quarter worth $56,000. Finally, Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of 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 buying an additional 1,800 shares in the last quarter. Institutional investors own 73.19% of the company's stock.

StoneCo Price Performance

NASDAQ:STNE traded up $0.61 during mid-day trading on Thursday, reaching $13.52. The stock had a trading volume of 7,168,278 shares, compared to its average volume of 5,736,601. StoneCo Ltd. has a 12 month low of $7.72 and a 12 month high of $15.16. The stock has a market capitalization of $3.87 billion, a PE ratio of 10.56, a P/E/G ratio of 0.41 and a beta of 2.01. 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 stock has a 50-day simple moving average of $12.21 and a two-hundred day simple moving average of $10.27.

StoneCo (NASDAQ:STNE - Get Free Report) last issued 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. StoneCo had a return on equity of 13.92% and a net margin of 16.02%. The company had revenue of $625.86 million for the quarter, compared to analyst estimates of $3.68 billion. On average, equities analysts anticipate that StoneCo Ltd. will post 1.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

STNE has been the topic of several research reports. Wall Street Zen upgraded shares of StoneCo from a "hold" rating to a "buy" rating in a research note on Thursday. Wells Fargo & Company upgraded shares of StoneCo from an "equal weight" rating to an "overweight" rating in a research report on Wednesday, March 19th. Barclays lifted their price target on shares of StoneCo from $13.00 to $15.00 and gave the company an "equal weight" rating in a research report on Monday, May 12th. The Goldman Sachs Group cut their price target on StoneCo from $16.00 to $14.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Finally, Morgan Stanley raised their price objective on StoneCo from $5.70 to $6.00 and gave the stock an "underweight" rating in a research note on Friday, March 21st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target 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.