Squadra Investments Gestao DE Recursos LTDA. bought a new position in shares of StoneCo Ltd. (NASDAQ:STNE - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 622,954 shares of the company's stock, valued at approximately $11,232,000. StoneCo comprises approximately 2.3% of Squadra Investments Gestao DE Recursos LTDA.'s investment portfolio, making the stock its 3rd largest holding. Squadra Investments Gestao DE Recursos LTDA. owned approximately 0.20% of StoneCo as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently made changes to their positions in the business. Corient Private Wealth LLC grew its position in StoneCo by 2.1% during the fourth quarter. Corient Private Wealth LLC now owns 33,227 shares of the company's stock valued at $599,000 after buying an additional 692 shares during the period. Commonwealth Equity Services LLC grew its position in StoneCo by 6.9% during the first quarter. Commonwealth Equity Services LLC now owns 12,367 shares of the company's stock valued at $117,000 after buying an additional 800 shares during the period. Raymond James & Associates grew its position in StoneCo by 9.9% during the fourth quarter. Raymond James & Associates now owns 11,383 shares of the company's stock valued at $107,000 after buying an additional 1,030 shares during the period. Diversified Trust Co grew its position in StoneCo by 3.3% during the fourth quarter. Diversified Trust Co now owns 35,547 shares of the company's stock valued at $641,000 after buying an additional 1,151 shares during the period. Finally, TrinityPoint Wealth LLC grew its position in StoneCo by 11.1% during the fourth quarter. TrinityPoint Wealth LLC now owns 11,696 shares of the company's stock valued at $211,000 after buying an additional 1,167 shares during the period. Hedge funds and other institutional investors own 73.19% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on STNE. UBS Group lowered shares of StoneCo from a "buy" rating to a "neutral" rating and lifted their target price for the company from $18.00 to $21.00 in a research report on Thursday, February 1st. Bank of America lifted their target price on shares of StoneCo from $17.00 to $18.00 and gave the company a "buy" rating in a research report on Monday, December 11th. The Goldman Sachs Group upgraded shares of StoneCo from a "neutral" rating to a "buy" rating and lifted their target price for the company from $12.00 to $21.00 in a research report on Monday, January 22nd. Citigroup lifted their target price on shares of StoneCo from $19.00 to $20.00 and gave the company a "buy" rating in a research report on Wednesday, March 20th. Finally, Barclays lifted their target price on shares of StoneCo from $14.00 to $17.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 16th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $18.64.
Check Out Our Latest Report on StoneCo
StoneCo Price Performance
STNE traded down $0.02 on Friday, reaching $16.83. 4,462,497 shares of the company's stock were exchanged, compared to its average volume of 5,731,988. The stock has a market cap of $5.29 billion, a PE ratio of 16.66 and a beta of 2.34. StoneCo Ltd. has a twelve month low of $8.73 and a twelve month high of $19.46. The stock's fifty day moving average price is $17.01 and its 200-day moving average price is $14.97. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.27 and a quick ratio of 1.27.
StoneCo Company Profile
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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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