Rhumbline Advisers reduced its holdings in shares of StoneCo Ltd. (NASDAQ:STNE - Free Report) by 4.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 419,883 shares of the company's stock after selling 20,639 shares during the quarter. Rhumbline Advisers owned approximately 0.15% of StoneCo worth $4,400,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the business. Atmos Capital Gestao DE Recursos LTDA. lifted its holdings in StoneCo by 3.1% during the first quarter. Atmos Capital Gestao DE Recursos LTDA. now owns 11,982,873 shares of the company's stock worth $125,581,000 after acquiring an additional 359,037 shares during the period. Nuveen Asset Management LLC increased its position in StoneCo by 40.3% in the fourth quarter. Nuveen Asset Management LLC now owns 6,993,611 shares of the company's stock worth $55,739,000 after buying an additional 2,008,710 shares during the last quarter. Nuveen LLC purchased a new stake in StoneCo in the first quarter worth $70,502,000. JGP Global Gestao de Recursos Ltda. increased its position in StoneCo by 484.8% in the first quarter. JGP Global Gestao de Recursos Ltda. now owns 4,472,738 shares of the company's stock worth $46,874,000 after buying an additional 3,707,941 shares during the last quarter. Finally, Azora Capital LP increased its position in StoneCo by 15.9% in the first quarter. Azora Capital LP now owns 2,583,510 shares of the company's stock worth $27,075,000 after buying an additional 355,192 shares during the last quarter. 73.19% of the stock is currently owned by institutional investors.
StoneCo Price Performance
STNE stock traded up $0.22 during mid-day trading on Friday, hitting $19.40. 6,755,245 shares of the stock were exchanged, compared to its average volume of 4,526,288. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.48 and a quick ratio of 1.48. The business has a fifty day moving average price of $15.44 and a 200 day moving average price of $13.81. StoneCo Ltd. has a 12 month low of $7.72 and a 12 month high of $19.62. The stock has a market capitalization of $5.55 billion, a price-to-earnings ratio of -27.71, a PEG ratio of 0.41 and a beta of 1.91.
StoneCo (NASDAQ:STNE - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.03. StoneCo had a positive return on equity of 18.71% and a negative net margin of 8.37%.The firm had revenue of $643.82 million during the quarter, compared to analyst estimates of $3.78 billion. On average, sell-side analysts anticipate that StoneCo Ltd. will post 1.16 EPS for the current year.
Wall Street Analysts Forecast Growth
STNE has been the subject of a number of recent research reports. Zacks Research raised StoneCo to a "strong-buy" rating in a research report on Tuesday, August 12th. Bank of America raised their target price on StoneCo from $15.00 to $25.00 and gave the stock a "buy" rating in a research report on Tuesday, September 9th. UBS Group lifted their price target on StoneCo from $15.00 to $20.00 and gave the company a "buy" rating in a research report on Friday, August 29th. Wall Street Zen cut StoneCo from a "buy" rating to a "hold" rating in a research report on Friday, June 6th. Finally, JPMorgan Chase & Co. lifted their price target on StoneCo from $15.50 to $18.50 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $16.56.
View Our Latest Stock Analysis on StoneCo
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.
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