UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in StoneCo Ltd. (NASDAQ:STNE - Free Report) by 58.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,278,508 shares of the company's stock after acquiring an additional 471,117 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.41% of StoneCo worth $10,190,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently modified their holdings of the company. Thrivent Financial for Lutherans increased its stake in StoneCo by 6.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 21,082 shares of the company's stock valued at $168,000 after purchasing an additional 1,205 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its stake in StoneCo by 31.6% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 7,500 shares of the company's stock valued at $59,000 after purchasing an additional 1,800 shares in the last quarter. Aviva PLC increased its stake in StoneCo by 1.1% during the 4th quarter. Aviva PLC now owns 176,900 shares of the company's stock valued at $1,410,000 after purchasing an additional 2,000 shares in the last quarter. Xponance Inc. increased its stake in StoneCo by 10.9% during the 4th quarter. Xponance Inc. now owns 20,781 shares of the company's stock valued at $166,000 after purchasing an additional 2,044 shares in the last quarter. Finally, Prudential PLC increased its stake in StoneCo by 21.4% during the 4th quarter. Prudential PLC now owns 15,051 shares of the company's stock valued at $120,000 after purchasing an additional 2,656 shares in the last quarter. 73.19% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on STNE shares. Citigroup raised shares of StoneCo from a "neutral" rating to a "buy" rating and raised their price target for the company from $9.00 to $15.00 in a report on Tuesday, April 22nd. The Goldman Sachs Group lowered their price target on shares of StoneCo from $16.00 to $14.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Morgan Stanley lifted their price target on shares of StoneCo from $5.70 to $6.00 and gave the company an "underweight" rating in a report on Friday, March 21st. Santander raised shares of StoneCo from a "neutral" rating to an "outperform" rating in a report on Wednesday, May 21st. Finally, Wells Fargo & Company raised shares of StoneCo from an "equal weight" rating to an "overweight" rating in a report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, one has issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $15.63.
Read Our Latest Stock Analysis on StoneCo
StoneCo Stock Down 2.3%
NASDAQ:STNE traded down $0.33 during mid-day trading on Wednesday, reaching $13.83. The company's stock had a trading volume of 8,897,054 shares, compared to its average volume of 5,770,656. StoneCo Ltd. has a 1 year low of $7.72 and a 1 year high of $15.08. The stock has a fifty day moving average of $12.73 and a 200-day moving average of $10.45. The firm has a market capitalization of $3.96 billion, a PE ratio of 10.80, a price-to-earnings-growth ratio of 0.41 and a beta of 2.01. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.47.
StoneCo (NASDAQ:STNE - Get Free Report) last released 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. The business had revenue of $625.86 million during the quarter, compared to analyst estimates of $3.68 billion. StoneCo had a net margin of 16.02% and a return on equity of 13.92%. Equities research analysts forecast that StoneCo Ltd. will post 1.16 earnings per share for the current year.
StoneCo Company Profile
(
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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