Verde Servicos Internacionais S.A. lessened its position in StoneCo Ltd. (NASDAQ:STNE - Free Report) by 55.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,000 shares of the company's stock after selling 37,000 shares during the period. StoneCo accounts for about 0.2% of Verde Servicos Internacionais S.A.'s portfolio, making the stock its 28th biggest holding. Verde Servicos Internacionais S.A.'s holdings in StoneCo were worth $314,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC increased its holdings in StoneCo by 1,486.3% in the 1st quarter. GAMMA Investing LLC now owns 2,903 shares of the company's stock worth $30,000 after purchasing an additional 2,720 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in StoneCo by 254.7% in the 4th quarter. Jones Financial Companies Lllp now owns 4,256 shares of the company's stock worth $34,000 after purchasing an additional 3,056 shares in the last quarter. Sterling Capital Management LLC increased its holdings in StoneCo by 627.0% in the 4th quarter. Sterling Capital Management LLC now owns 4,551 shares of the company's stock worth $36,000 after purchasing an additional 3,925 shares in the last quarter. Harbor Capital Advisors Inc. increased its stake in shares of StoneCo by 143.0% in the first quarter. Harbor Capital Advisors Inc. now owns 4,614 shares of the company's stock valued at $48,000 after buying an additional 2,715 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of StoneCo in the fourth quarter valued at about $56,000. Institutional investors and hedge funds own 73.19% of the company's stock.
StoneCo Trading Down 2.7%
Shares of StoneCo stock traded down $0.41 on Thursday, hitting $14.95. 5,127,747 shares of the company's stock traded hands, compared to its average volume of 5,758,145. StoneCo Ltd. has a one year low of $7.72 and a one year high of $15.79. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.39 and a quick ratio of 1.39. The company has a fifty day moving average of $13.81 and a two-hundred day moving average of $10.98. The company has a market capitalization of $4.28 billion, a price-to-earnings ratio of -19.17, a price-to-earnings-growth ratio of 0.41 and a beta of 1.92.
StoneCo (NASDAQ:STNE - Get Free Report) last announced its 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 positive return on equity of 16.65% and a negative net margin of 8.90%. The company had revenue of $625.86 million for the quarter, compared to analyst estimates of $3.68 billion. As a group, sell-side analysts expect that StoneCo Ltd. will post 1.16 earnings per share for the current year.
Analysts Set New Price Targets
STNE has been the subject of several recent research reports. Santander raised StoneCo from a "neutral" rating to an "outperform" rating in a research note on Wednesday, May 21st. Morgan Stanley increased their price target on StoneCo from $5.70 to $6.00 and gave the company an "underweight" rating in a research note on Friday, March 21st. Citigroup raised StoneCo from a "neutral" rating to a "buy" rating and increased their price target for the company from $9.00 to $15.00 in a research note on Tuesday, April 22nd. Barclays increased their price target on StoneCo from $13.00 to $15.00 and gave the company an "equal weight" rating in a research note on Monday, May 12th. Finally, Wells Fargo & Company raised StoneCo from an "equal weight" rating to an "overweight" rating in a research note on Wednesday, March 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, StoneCo has an average rating of "Moderate Buy" and an average target price of $14.57.
View Our Latest Report on STNE
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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