SG Americas Securities LLC acquired a new position in shares of StoneCo Ltd. (NASDAQ:STNE - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 56,951 shares of the company's stock, valued at approximately $597,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Squadra Investments Gestao DE Recursos LTDA. increased its position in StoneCo by 46.8% in the 4th quarter. Squadra Investments Gestao DE Recursos LTDA. now owns 13,951,183 shares of the company's stock valued at $111,191,000 after buying an additional 4,446,709 shares in the last quarter. Norges Bank bought a new stake in shares of StoneCo during the fourth quarter valued at approximately $22,642,000. Point72 Asset Management L.P. increased its holdings in shares of StoneCo by 22.2% during the fourth quarter. Point72 Asset Management L.P. now owns 13,956,554 shares of the company's stock valued at $111,234,000 after acquiring an additional 2,534,079 shares in the last quarter. Atmos Capital Gestao DE Recursos LTDA. raised its position in shares of StoneCo by 23.0% during the fourth quarter. Atmos Capital Gestao DE Recursos LTDA. now owns 11,623,836 shares of the company's stock worth $92,642,000 after purchasing an additional 2,173,389 shares during the period. Finally, Nuveen Asset Management LLC lifted its holdings in shares of StoneCo by 40.3% in the 4th quarter. Nuveen Asset Management LLC now owns 6,993,611 shares of the company's stock worth $55,739,000 after purchasing an additional 2,008,710 shares in the last quarter. Institutional investors own 73.19% of the company's stock.
Analysts Set New Price Targets
A number of analysts have commented on STNE shares. Barclays boosted their price target on shares of StoneCo from $13.00 to $15.00 and gave the company an "equal weight" rating in a research note on Monday, May 12th. Wall Street Zen cut shares of StoneCo from a "buy" rating to a "hold" rating in a research report on Friday, June 6th. Wells Fargo & Company raised StoneCo from an "equal weight" rating to an "overweight" rating in a report on Wednesday, March 19th. Morgan Stanley increased 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. Finally, Santander raised StoneCo from a "neutral" rating to an "outperform" rating in a research report on Wednesday, May 21st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $15.63.
Check Out Our Latest Stock Analysis on STNE
StoneCo Stock Performance
Shares of StoneCo stock traded down $0.41 during mid-day trading on Wednesday, hitting $15.36. 4,665,611 shares of the stock were exchanged, compared to its average volume of 5,758,101. StoneCo Ltd. has a 12 month low of $7.72 and a 12 month high of $15.81. The company has a 50-day simple moving average of $13.69 and a 200 day simple moving average of $10.91. The company has a market capitalization of $4.39 billion, a P/E ratio of -19.69, a P/E/G ratio of 0.40 and a beta of 1.92. 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 issued its quarterly earnings results on Thursday, May 8th. The company reported $0.34 EPS for the quarter, topping analysts' consensus estimates 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 positive return on equity of 16.65% and a negative net margin of 8.90%. 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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