ProShare Advisors LLC increased its position in StoneCo Ltd. (NASDAQ:STNE - Free Report) by 49.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 80,620 shares of the company's stock after acquiring an additional 26,527 shares during the quarter. ProShare Advisors LLC's holdings in StoneCo were worth $643,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Atmos Capital Gestao DE Recursos LTDA. lifted its stake in StoneCo by 23.0% in the 4th 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 in the last quarter. Nuveen Asset Management LLC increased its stake in 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 acquiring an additional 2,008,710 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of StoneCo by 4.4% in the 4th quarter. Geode Capital Management LLC now owns 5,419,797 shares of the company's stock valued at $43,120,000 after acquiring an additional 229,453 shares in the last quarter. Northern Trust Corp boosted its position in shares of StoneCo by 44.9% during the 4th quarter. Northern Trust Corp now owns 3,073,658 shares of the company's stock valued at $24,497,000 after acquiring an additional 952,039 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of StoneCo during the fourth quarter worth about $22,642,000. 73.19% of the stock is currently owned by institutional investors.
StoneCo Trading Up 0.1%
StoneCo stock traded up $0.02 during trading hours on Friday, reaching $13.42. The stock had a trading volume of 1,492,581 shares, compared to its average volume of 5,695,186. The company has a fifty day simple moving average of $12.52 and a 200-day simple moving average of $10.36. StoneCo Ltd. has a 52 week low of $7.72 and a 52 week high of $15.08. The stock has a market cap of $3.84 billion, a PE ratio of 10.46, a PEG ratio of 0.41 and a beta of 2.01. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.42 and a quick ratio of 1.42.
StoneCo (NASDAQ:STNE - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.02. The company had revenue of $625.86 million for the quarter, compared to analysts' expectations of $3.68 billion. StoneCo had a return on equity of 13.92% and a net margin of 16.02%. Analysts forecast that StoneCo Ltd. will post 1.16 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on STNE shares. Wall Street Zen upgraded shares of StoneCo from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. The Goldman Sachs Group dropped their price objective on shares of StoneCo from $16.00 to $14.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Wells Fargo & Company upgraded StoneCo from an "equal weight" rating to an "overweight" rating in a research report on Wednesday, March 19th. Citigroup upgraded StoneCo from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $9.00 to $15.00 in a report on Tuesday, April 22nd. Finally, Morgan Stanley raised their price objective on StoneCo from $5.70 to $6.00 and gave the company an "underweight" rating in a report on Friday, March 21st. One analyst has rated the stock with a sell rating, one has issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $15.63.
View Our Latest Analysis on StoneCo
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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