Polunin Capital Partners Ltd reduced its holdings in shares of StoneCo Ltd. (NASDAQ:STNE - Free Report) by 2.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,331,291 shares of the company's stock after selling 71,000 shares during the period. StoneCo accounts for approximately 11.3% of Polunin Capital Partners Ltd's investment portfolio, making the stock its 3rd biggest holding. Polunin Capital Partners Ltd owned approximately 1.06% of StoneCo worth $60,063,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Commonwealth Equity Services LLC boosted its position in shares of StoneCo by 6.9% during the 1st quarter. Commonwealth Equity Services LLC now owns 12,367 shares of the company's stock worth $117,000 after purchasing an additional 800 shares in the last quarter. Raymond James & Associates boosted its position in shares of StoneCo by 9.9% during the 4th quarter. Raymond James & Associates now owns 11,383 shares of the company's stock worth $107,000 after purchasing an additional 1,030 shares in the last quarter. Diversified Trust Co boosted its position in shares of StoneCo by 3.3% during the 4th quarter. Diversified Trust Co now owns 35,547 shares of the company's stock worth $641,000 after purchasing an additional 1,151 shares in the last quarter. Credit Suisse AG boosted its position in shares of StoneCo by 1.9% during the 4th quarter. Credit Suisse AG now owns 65,627 shares of the company's stock worth $620,000 after purchasing an additional 1,246 shares in the last quarter. Finally, LPL Financial LLC boosted its position in shares of StoneCo by 2.7% during the 2nd quarter. LPL Financial LLC now owns 47,979 shares of the company's stock worth $369,000 after purchasing an additional 1,262 shares in the last quarter. 73.19% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on STNE shares. The Goldman Sachs Group raised shares of StoneCo from a "neutral" rating to a "buy" rating and raised their price target for the company from $12.00 to $21.00 in a research report on Monday, January 22nd. Bank of America raised their price target 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. Citigroup raised their price target 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. UBS Group cut shares of StoneCo from a "buy" rating to a "neutral" rating and lifted their target price for the stock from $18.00 to $21.00 in a research report on Thursday, February 1st. Finally, Barclays lifted their target price on shares of StoneCo from $14.00 to $17.00 and gave the stock 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 MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $18.64.
View Our Latest Analysis on STNE
StoneCo Stock Performance
Shares of STNE stock traded down $0.02 during trading hours on Friday, hitting $16.83. 4,462,497 shares of the company were exchanged, compared to its average volume of 5,731,988. StoneCo Ltd. has a 52-week low of $8.73 and a 52-week high of $19.46. The stock has a market capitalization of $5.29 billion, a price-to-earnings ratio of 16.66 and a beta of 2.34. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.25. The firm has a fifty day simple moving average of $17.01 and a 200 day simple moving average of $15.00.
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.
Read More
Before you consider StoneCo, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and StoneCo wasn't on the list.
While StoneCo currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
