Robeco Institutional Asset Management B.V. Has $37.21 Million Stock Holdings in StoneCo Ltd. $STNE

Key Points

• Robeco Institutional Asset Management increased its stake in StoneCo by 25.3% in Q4 to 2,515,851 shares worth $37.21 million, leaving institutional investors owning about 73.19% of the stock (Robeco ≈0.88% of the company).
• Wall Street sentiment is mixed-to-positive with an average rating of "Moderate Buy" and an average target price of $19.07 (six Buys, four Holds), while some firms have adjusted targets and ratings recently.
• StoneCo's latest quarter showed a slight EPS beat ($0.50 vs. $0.48 est.) but a revenue miss ($606.3M vs. $704.3M est.); the stock trades at a P/E of 9.66 with a market cap of $4.23 billion and a 52-week range of $11.39–$19.95.

Robeco Institutional Asset Management B.V. boosted its position in StoneCo Ltd. (NASDAQ:STNE - Free Report) by 25.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,515,851 shares of the company's stock after buying an additional 507,431 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.88% of StoneCo worth $37,209,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Xponance Inc. increased its position in StoneCo by 4.9% in the 3rd quarter. Xponance Inc. now owns 19,834 shares of the company's stock valued at $375,000 after buying an additional 925 shares in the last quarter. Exchange Traded Concepts LLC increased its position in StoneCo by 0.4% in the 3rd quarter. Exchange Traded Concepts LLC now owns 220,874 shares of the company's stock valued at $4,177,000 after buying an additional 978 shares in the last quarter. Neuberger Berman Group LLC increased its position in StoneCo by 6.6% in the 2nd quarter. Neuberger Berman Group LLC now owns 18,399 shares of the company's stock valued at $295,000 after buying an additional 1,140 shares in the last quarter. Richardson Financial Services Inc. increased its position in StoneCo by 64.2% in the 3rd quarter. Richardson Financial Services Inc. now owns 2,943 shares of the company's stock valued at $56,000 after buying an additional 1,151 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in StoneCo by 47.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,839 shares of the company's stock valued at $73,000 after buying an additional 1,241 shares in the last quarter. 73.19% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

STNE has been the subject of a number of research analyst reports. BTIG Research reaffirmed a "buy" rating and issued a $22.00 target price on shares of StoneCo in a research report on Tuesday, March 3rd. Santander lowered StoneCo from an "outperform" rating to a "neutral" rating in a research report on Thursday, January 29th. Zacks Research raised StoneCo from a "strong sell" rating to a "hold" rating in a research report on Tuesday, March 3rd. Weiss Ratings raised StoneCo from a "sell (d+)" rating to a "hold (c)" rating in a research report on Thursday, March 5th. Finally, The Goldman Sachs Group decreased their target price on StoneCo from $22.00 to $19.00 and set a "buy" rating for the company in a research report on Tuesday, January 27th. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, StoneCo currently has an average rating of "Moderate Buy" and an average target price of $19.07.

StoneCo Stock Performance

Shares of STNE opened at $14.78 on Tuesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.43 and a current ratio of 1.37. The stock has a 50 day moving average price of $15.17 and a two-hundred day moving average price of $15.98. The firm has a market capitalization of $4.23 billion, a P/E ratio of 9.66, a P/E/G ratio of 0.31 and a beta of 1.89. StoneCo Ltd. has a 52 week low of $11.39 and a 52 week high of $19.95.

StoneCo (NASDAQ:STNE - Get Free Report) last issued its quarterly earnings data on Tuesday, March 3rd. The company reported $0.50 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.02. The firm had revenue of $606.32 million during the quarter, compared to analyst estimates of $704.26 million. StoneCo had a return on equity of 21.55% and a net margin of 15.38%. Equities analysts forecast that StoneCo Ltd. will post 1.16 earnings per share for the current fiscal year.

StoneCo Company Profile

StoneCo Ltd., commonly known as Stone, is a Brazilian financial technology company that provides integrated digital payment solutions and related financial services to merchants. Through its cloud-based platform, Stone enables businesses of all sizes to accept a variety of payment methods, including point-of-sale (POS) terminals, mobile card readers and e-commerce gateways. In addition to payment acceptance, the company offers value-added services such as working capital loans, digital banking products and automated billing tools designed to help merchants manage cash flow and streamline operations.

Since its founding in 2012 by André Street and Eduardo Pontes, Stone has focused on serving over half a million merchants across Brazil's retail, restaurant and services sectors.

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