one8zero8 LLC increased its holdings in shares of StoneCo Ltd. (NASDAQ:STNE - Free Report) by 21.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 350,075 shares of the company's stock after purchasing an additional 61,125 shares during the period. StoneCo accounts for about 0.9% of one8zero8 LLC's holdings, making the stock its 28th biggest holding. one8zero8 LLC owned approximately 0.12% of StoneCo worth $3,669,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. boosted its position in StoneCo by 5.2% in the 1st quarter. Avantax Advisory Services Inc. now owns 77,562 shares of the company's stock valued at $813,000 after buying an additional 3,850 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of StoneCo in the 1st quarter valued at about $1,772,000. Signaturefd LLC raised its stake in shares of StoneCo by 13.6% in the 1st quarter. Signaturefd LLC now owns 7,708 shares of the company's stock valued at $81,000 after purchasing an additional 924 shares in the last quarter. Edgestream Partners L.P. raised its stake in shares of StoneCo by 469.1% in the 1st quarter. Edgestream Partners L.P. now owns 330,185 shares of the company's stock valued at $3,460,000 after purchasing an additional 272,167 shares in the last quarter. Finally, CWM LLC raised its stake in shares of StoneCo by 327.4% in the 1st quarter. CWM LLC now owns 3,154 shares of the company's stock valued at $33,000 after purchasing an additional 2,416 shares in the last quarter. 73.19% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of StoneCo from $15.50 to $18.50 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. 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 research note on Tuesday, April 22nd. Wall Street Zen lowered shares of StoneCo from a "buy" rating to a "hold" rating in a research note on Friday, June 6th. Santander upgraded shares of StoneCo from a "neutral" rating to an "outperform" rating in a research note on Wednesday, May 21st. Finally, Barclays increased their price objective on shares of StoneCo from $13.00 to $15.00 and gave the stock an "equal weight" rating in a research note on Monday, May 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $15.07.
View Our Latest Analysis on STNE
StoneCo Stock Performance
Shares of NASDAQ:STNE traded down $0.06 during trading hours on Tuesday, hitting $13.13. The stock had a trading volume of 2,233,117 shares, compared to its average volume of 6,142,423. The stock's fifty day simple moving average is $14.51 and its 200 day simple moving average is $12.06. StoneCo Ltd. has a 1-year low of $7.72 and a 1-year high of $16.68. The firm has a market capitalization of $3.76 billion, a price-to-earnings ratio of -16.83, a PEG ratio of 0.35 and a beta of 1.94. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.39 and a current ratio of 1.39.
StoneCo (NASDAQ:STNE - Get Free Report) last announced 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 company had revenue of $625.86 million for the quarter, compared to analyst estimates of $3.68 billion. Sell-side analysts anticipate 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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