StoneCo Ltd. (NASDAQ:STNE) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in StoneCo Ltd. (NASDAQ:STNE - Free Report) by 58.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,278,508 shares of the company's stock after purchasing an additional 471,117 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.41% of StoneCo worth $10,190,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Jones Financial Companies Lllp increased its holdings in StoneCo by 254.7% during the fourth quarter. Jones Financial Companies Lllp now owns 4,256 shares of the company's stock valued at $34,000 after buying an additional 3,056 shares during the period. Sterling Capital Management LLC boosted its position in StoneCo by 627.0% during the 4th quarter. Sterling Capital Management LLC now owns 4,551 shares of the company's stock valued at $36,000 after acquiring an additional 3,925 shares in the last quarter. Newbridge Financial Services Group Inc. increased its holdings in shares of StoneCo by 166.7% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 6,400 shares of the company's stock valued at $51,000 after acquiring an additional 4,000 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of StoneCo in the 4th quarter valued at $56,000. Finally, Skandinaviska Enskilda Banken AB publ raised its position in shares of StoneCo by 31.6% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 7,500 shares of the company's stock worth $59,000 after acquiring an additional 1,800 shares in the last quarter. Hedge funds and other institutional investors own 73.19% of the company's stock.

StoneCo Price Performance

NASDAQ:STNE remained flat at $14.14 during trading hours on Tuesday. 4,051,722 shares of the company's stock traded hands, compared to its average volume of 5,746,121. 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 Ltd. has a 12 month low of $7.72 and a 12 month high of $15.08. The stock has a market cap of $4.04 billion, a PE ratio of 11.05, a price-to-earnings-growth ratio of 0.41 and a beta of 2.01. The company's 50-day moving average is $12.62 and its 200 day moving average is $10.40.

StoneCo (NASDAQ:STNE - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.02. The firm had revenue of $625.86 million for the quarter, compared to the consensus estimate of $3.68 billion. StoneCo had a return on equity of 13.92% and a net margin of 16.02%. On average, equities analysts predict that StoneCo Ltd. will post 1.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Santander raised StoneCo from a "neutral" rating to an "outperform" rating in a research report on Wednesday, May 21st. Barclays increased their price target on shares of StoneCo from $13.00 to $15.00 and gave the company an "equal weight" rating in a research report on Monday, May 12th. Wall Street Zen raised shares of StoneCo from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Citigroup upgraded 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. Finally, Morgan Stanley increased their target price on shares of StoneCo from $5.70 to $6.00 and gave the company an "underweight" rating in a research report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, one has given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $15.63.

StoneCo 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.