Beck Bode LLC purchased a new position in shares of StoneCo Ltd. (NASDAQ:STNE - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 243,205 shares of the company's stock, valued at approximately $4,385,000. Beck Bode LLC owned 0.08% of StoneCo as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also bought and sold shares of the company. Diversified Trust Co raised its holdings in 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 during the last quarter. McGlone Suttner Wealth Management Inc. bought a new stake in StoneCo during the 4th quarter valued at $26,000. Convergence Investment Partners LLC increased its stake in StoneCo by 9.2% during the 4th quarter. Convergence Investment Partners LLC now owns 19,014 shares of the company's stock valued at $343,000 after purchasing an additional 1,608 shares in the last quarter. Amalgamated Bank boosted its holdings in StoneCo by 4.3% during the 3rd quarter. Amalgamated Bank now owns 39,124 shares of the company's stock worth $417,000 after acquiring an additional 1,621 shares during the last quarter. Finally, Oppenheimer & Co. Inc. boosted its holdings in StoneCo by 3.5% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 53,943 shares of the company's stock worth $576,000 after acquiring an additional 1,821 shares during the last quarter. 73.19% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
STNE has been the topic of a number of research analyst reports. Citigroup upped their price objective on shares of StoneCo from $19.00 to $20.00 and gave the company a "buy" rating in a report on Wednesday, March 20th. The Goldman Sachs Group upgraded StoneCo from a "neutral" rating to a "buy" rating and upped their price target for the company from $12.00 to $21.00 in a research report on Monday, January 22nd. Susquehanna decreased their price target on StoneCo from $23.00 to $22.00 and set a "positive" rating on the stock in a research report on Friday, April 19th. UBS Group cut StoneCo from a "buy" rating to a "neutral" rating and upped their price target for the company from $18.00 to $21.00 in a research report on Thursday, February 1st. Finally, Barclays decreased their price objective on shares of StoneCo from $18.00 to $17.00 and set an "equal weight" rating on the stock in a research report on Monday. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $19.00.
Check Out Our Latest Report on STNE
StoneCo Stock Performance
NASDAQ STNE traded down $0.59 during trading hours on Tuesday, hitting $15.60. The company's stock had a trading volume of 3,448,532 shares, compared to its average volume of 5,166,753. StoneCo Ltd. has a 12 month low of $9.34 and a 12 month high of $19.46. The company's 50 day simple moving average is $16.50 and its two-hundred day simple moving average is $15.65. The company has a market cap of $4.90 billion, a P/E ratio of 15.52, a price-to-earnings-growth ratio of 0.60 and a beta of 2.35. 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 (NASDAQ:STNE - Get Free Report) last posted its quarterly earnings data on Monday, March 18th. The company reported $0.36 earnings per share for the quarter, beating 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 firm had revenue of $655.87 million for the quarter, compared to analysts' expectations of $468.47 million. As a group, sell-side analysts expect that StoneCo Ltd. will post 1.27 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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