ProShare Advisors LLC Boosts Stake in StoneCo Ltd. (NASDAQ:STNE)

ProShare Advisors LLC increased its stake in StoneCo Ltd. (NASDAQ:STNE - Free Report) by 49.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,620 shares of the company's stock after acquiring an additional 26,527 shares during the period. ProShare Advisors LLC's holdings in StoneCo were worth $643,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Barclays PLC raised its stake in shares of StoneCo by 170.8% during the third quarter. Barclays PLC now owns 440,682 shares of the company's stock valued at $4,962,000 after acquiring an additional 277,963 shares in the last quarter. KBC Group NV bought a new stake in shares of StoneCo during the fourth quarter valued at approximately $73,000. Verde Servicos Internacionais S.A. raised its stake in shares of StoneCo by 68.0% during the fourth quarter. Verde Servicos Internacionais S.A. now owns 67,000 shares of the company's stock valued at $534,000 after acquiring an additional 27,128 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of StoneCo by 5.1% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 987,298 shares of the company's stock valued at $7,869,000 after acquiring an additional 47,841 shares in the last quarter. Finally, Tempus Wealth Planning LLC bought a new stake in shares of StoneCo during the fourth quarter valued at approximately $124,000. Hedge funds and other institutional investors own 73.19% of the company's stock.

StoneCo Stock Performance

NASDAQ:STNE traded down $0.10 during mid-day trading on Wednesday, hitting $13.34. The company's stock had a trading volume of 3,399,977 shares, compared to its average volume of 5,713,066. StoneCo Ltd. has a 1 year low of $7.72 and a 1 year high of $15.08. 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 market cap of $3.82 billion, a price-to-earnings ratio of 10.42, a PEG ratio of 0.41 and a beta of 2.01. The business's fifty day moving average is $12.43 and its two-hundred day moving average is $10.32.

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

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Citigroup raised shares of StoneCo from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $9.00 to $15.00 in a research note on Tuesday, April 22nd. Wells Fargo & Company raised shares of StoneCo from an "equal weight" rating to an "overweight" rating in a research note on Wednesday, March 19th. Barclays boosted 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. Wall Street Zen raised shares of StoneCo from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Finally, Morgan Stanley upped their price target on StoneCo from $5.70 to $6.00 and gave the stock an "underweight" rating in a research report on Friday, March 21st. One analyst has rated the stock with a sell rating, one has issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.