StoneCo Ltd. (NASDAQ:STNE) Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC raised its holdings in StoneCo Ltd. (NASDAQ:STNE - Free Report) by 31.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,498,316 shares of the company's stock after acquiring an additional 356,201 shares during the period. Hsbc Holdings PLC owned 0.48% of StoneCo worth $12,024,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

STNE has been the subject of several research analyst reports. Barclays upped their price target on StoneCo from $12.00 to $13.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 23rd. Morgan Stanley raised 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. 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. Wells Fargo & Company raised shares of StoneCo from an "equal weight" rating to an "overweight" rating in a research note on Wednesday, March 19th. Finally, The Goldman Sachs Group reduced their target price 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. One research analyst has rated the stock with a sell rating, one has given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, StoneCo presently has a consensus rating of "Moderate Buy" and an average target price of $15.38.

StoneCo Stock Down 0.9 %

Shares of STNE stock traded down $0.12 on Friday, hitting $13.77. The stock had a trading volume of 3,363,192 shares, compared to its average volume of 5,721,922. StoneCo Ltd. has a 52-week low of $7.72 and a 52-week high of $17.09. The firm has a market capitalization of $4.25 billion, a price-to-earnings ratio of 10.76, a P/E/G ratio of 0.41 and a beta of 2.05. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.42 and a current ratio of 1.42. The stock's 50 day moving average is $11.14 and its 200-day moving average is $10.06.

StoneCo (NASDAQ:STNE - Get Free Report) last announced its earnings results on Tuesday, March 18th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.07. StoneCo had a return on equity of 13.92% and a net margin of 16.02%. The company had revenue of $582.20 million during the quarter, compared to the consensus estimate of $3.59 billion. As a group, research analysts expect that StoneCo Ltd. will post 1.16 earnings per share for the current year.

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.