Vident Advisory LLC bought a new stake in shares of StoneCo Ltd. (NASDAQ:STNE - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 21,306 shares of the company's stock, valued at approximately $223,000.
A number of other institutional investors also recently modified their holdings of STNE. Raymond James Financial Inc. acquired a new stake in shares of StoneCo during the 4th quarter valued at $132,000. Northern Trust Corp raised its holdings 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 purchasing an additional 952,039 shares in the last quarter. Balyasny Asset Management L.P. raised its holdings in shares of StoneCo by 105.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 71,111 shares of the company's stock valued at $567,000 after purchasing an additional 36,456 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of StoneCo by 5.4% during the 4th quarter. Deutsche Bank AG now owns 1,487,683 shares of the company's stock valued at $11,857,000 after purchasing an additional 76,562 shares in the last quarter. Finally, Ethic Inc. bought a new position in shares of StoneCo during the 4th quarter valued at $90,000. Institutional investors and hedge funds own 73.19% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of StoneCo from a "buy" rating to a "hold" rating in a report on Friday, June 6th. Zacks Research upgraded shares of StoneCo to a "strong-buy" rating in a research note on Tuesday, August 12th. UBS Group upped their price objective on shares of StoneCo from $15.00 to $20.00 and gave the stock a "buy" rating in a report on Friday, August 29th. Bank of America increased their target price on StoneCo from $15.00 to $25.00 and gave the company a "buy" rating in a research note on Tuesday. Finally, Santander upgraded shares of StoneCo from a "neutral" rating to an "outperform" rating in a research report on Wednesday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $16.56.
Read Our Latest Analysis on StoneCo
StoneCo Price Performance
StoneCo stock traded up $0.17 during trading hours on Friday, hitting $18.29. 4,047,664 shares of the stock were exchanged, compared to its average volume of 4,259,518. StoneCo Ltd. has a 12 month low of $7.72 and a 12 month high of $18.40. The stock has a market capitalization of $5.23 billion, a P/E ratio of -26.13, a P/E/G ratio of 0.39 and a beta of 1.91. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.48 and a current ratio of 1.48. The business's 50-day moving average is $15.15 and its two-hundred day moving average is $13.47.
StoneCo (NASDAQ:STNE - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.03. StoneCo had a negative net margin of 8.37% and a positive return on equity of 18.71%. The company had revenue of $643.82 million during the quarter, compared to the consensus estimate of $3.78 billion. Equities research analysts expect that StoneCo Ltd. will post 1.16 EPS for the current fiscal year.
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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