Verde Servicos Internacionais S.A. lowered its position in StoneCo Ltd. (NASDAQ:STNE - Free Report) by 55.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,000 shares of the company's stock after selling 37,000 shares during the period. StoneCo comprises about 0.2% of Verde Servicos Internacionais S.A.'s portfolio, making the stock its 28th largest position. Verde Servicos Internacionais S.A.'s holdings in StoneCo were worth $314,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Point72 Asset Management L.P. boosted its position in StoneCo by 22.2% during the fourth quarter. Point72 Asset Management L.P. now owns 13,956,554 shares of the company's stock worth $111,234,000 after purchasing an additional 2,534,079 shares during the period. Squadra Investments Gestao DE Recursos LTDA. raised its stake in shares of StoneCo by 46.8% during the fourth quarter. Squadra Investments Gestao DE Recursos LTDA. now owns 13,951,183 shares of the company's stock worth $111,191,000 after acquiring an additional 4,446,709 shares in the last quarter. Atmos Capital Gestao DE Recursos LTDA. raised its stake in shares of StoneCo by 23.0% during the fourth quarter. Atmos Capital Gestao DE Recursos LTDA. now owns 11,623,836 shares of the company's stock worth $92,642,000 after acquiring an additional 2,173,389 shares in the last quarter. Nuveen Asset Management LLC raised its stake in shares of StoneCo by 40.3% during the fourth 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 in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of StoneCo by 4.4% in the fourth quarter. Geode Capital Management LLC now owns 5,419,797 shares of the company's stock worth $43,120,000 after buying an additional 229,453 shares during the period. Hedge funds and other institutional investors own 73.19% of the company's stock.
StoneCo Price Performance
StoneCo stock opened at $14.52 on Monday. StoneCo Ltd. has a 52-week low of $7.72 and a 52-week high of $15.27. The firm has a market capitalization of $4.15 billion, a price-to-earnings ratio of -18.62, a PEG ratio of 0.39 and a beta of 1.93. The company has a fifty day simple moving average of $13.55 and a 200-day simple moving average of $10.83. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.74.
StoneCo (NASDAQ:STNE - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.02. StoneCo had a negative net margin of 8.90% and a positive return on equity of 16.65%. The firm had revenue of $625.86 million during the quarter, compared to analyst estimates of $3.68 billion. On average, equities analysts anticipate that StoneCo Ltd. will post 1.16 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several research firms recently weighed in on STNE. Wells Fargo & Company upgraded shares of StoneCo from an "equal weight" rating to an "overweight" rating in a report on Wednesday, March 19th. Morgan Stanley lifted 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. Wall Street Zen lowered StoneCo from a "buy" rating to a "hold" rating in a research report on Friday, June 6th. Santander raised StoneCo from a "neutral" rating to an "outperform" rating in a research report on Wednesday, May 21st. Finally, Citigroup raised shares of StoneCo from a "neutral" rating to a "buy" rating and upped their price target for the company from $9.00 to $15.00 in a research report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, StoneCo has a consensus rating of "Moderate Buy" and a consensus target price of $15.63.
View Our Latest Analysis on STNE
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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