Vanguard Group Inc. boosted its holdings in shares of StoneCo Ltd. (NASDAQ:STNE - Free Report) by 17.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,672,681 shares of the company's stock after purchasing an additional 397,101 shares during the period. Vanguard Group Inc. owned about 0.86% of StoneCo worth $28,518,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the business. 1832 Asset Management L.P. purchased a new position in shares of StoneCo during the 4th quarter worth approximately $25,000. Quarry LP purchased a new position in shares of StoneCo during the 2nd quarter worth approximately $38,000. Tucker Asset Management LLC purchased a new position in shares of StoneCo during the 3rd quarter worth approximately $60,000. Belpointe Asset Management LLC grew its holdings in shares of StoneCo by 28.8% during the 1st quarter. Belpointe Asset Management LLC now owns 6,700 shares of the company's stock worth $64,000 after acquiring an additional 1,500 shares during the period. Finally, Captrust Financial Advisors grew its holdings in shares of StoneCo by 281.5% during the 1st quarter. Captrust Financial Advisors now owns 6,268 shares of the company's stock worth $73,000 after acquiring an additional 4,625 shares during the period. Hedge funds and other institutional investors own 73.19% of the company's stock.
Analyst Upgrades and Downgrades
STNE has been the topic of a number of research analyst reports. UBS Group downgraded StoneCo from a "buy" rating to a "neutral" rating and upped their target price for the stock from $18.00 to $21.00 in a report on Thursday, February 1st. Barclays boosted their price target on StoneCo from $14.00 to $17.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 16th. Citigroup boosted their price target on StoneCo from $19.00 to $20.00 and gave the stock a "buy" rating in a research report on Wednesday, March 20th. Finally, The Goldman Sachs Group raised StoneCo from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $12.00 to $21.00 in a research report on Monday, January 22nd. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, StoneCo currently has a consensus rating of "Moderate Buy" and a consensus target price of $18.80.
View Our Latest Research Report on STNE
StoneCo Stock Performance
Shares of NASDAQ:STNE traded down $0.52 during midday trading on Friday, hitting $16.12. The company had a trading volume of 3,480,499 shares, compared to its average volume of 6,116,755. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.27 and a quick ratio of 1.27. The company has a market cap of $5.07 billion, a price-to-earnings ratio of 15.96 and a beta of 2.34. StoneCo Ltd. has a 12-month low of $9.34 and a 12-month high of $19.46. The company has a fifty day moving average of $16.90 and a two-hundred day moving average of $15.19.
StoneCo (NASDAQ:STNE - Get Free Report) last issued its quarterly earnings results on Monday, March 18th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.04. StoneCo had a return on equity of 11.23% and a net margin of 13.35%. The business had revenue of $655.87 million during the quarter, compared to analyst estimates of $468.47 million. On average, equities research analysts expect that StoneCo Ltd. will post 1.3 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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