StoneCo Ltd. (NASDAQ:STNE) Stock Position Raised by Northern Trust Corp

Northern Trust Corp raised its position in shares of StoneCo Ltd. (NASDAQ:STNE - Free Report) by 44.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,073,658 shares of the company's stock after acquiring an additional 952,039 shares during the period. Northern Trust Corp owned approximately 0.99% of StoneCo worth $24,497,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC increased its position in shares of StoneCo by 170.8% in the third quarter. Barclays PLC now owns 440,682 shares of the company's stock worth $4,962,000 after acquiring an additional 277,963 shares in the last quarter. Commons Capital LLC purchased a new stake in StoneCo during the 4th quarter worth $383,000. KBC Group NV acquired a new stake in StoneCo in the 4th quarter valued at $73,000. Verde Servicos Internacionais S.A. raised its position in StoneCo by 68.0% in the fourth quarter. Verde Servicos Internacionais S.A. now owns 67,000 shares of the company's stock valued at $534,000 after purchasing an additional 27,128 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its stake in shares of StoneCo by 5.1% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 987,298 shares of the company's stock worth $7,869,000 after purchasing an additional 47,841 shares in the last quarter. 73.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

STNE has been the subject of a number of recent research reports. Barclays increased their target price on StoneCo from $13.00 to $15.00 and gave the company an "equal weight" rating in a research note on Monday. Citigroup upgraded shares of StoneCo from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $9.00 to $15.00 in a research note on Tuesday, April 22nd. Wells Fargo & Company upgraded shares of StoneCo from an "equal weight" rating to an "overweight" rating in a research note on Wednesday, March 19th. The Goldman Sachs Group lowered their price target on shares of StoneCo from $16.00 to $14.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Finally, Morgan Stanley upped their price objective on shares of StoneCo from $5.70 to $6.00 and gave the company an "underweight" rating in a research report on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $15.63.

StoneCo Stock Up 0.6%

NASDAQ STNE traded up $0.08 during trading hours on Friday, reaching $13.36. 5,281,148 shares of the company traded hands, compared to its average volume of 5,739,061. The stock has a market capitalization of $3.82 billion, a PE ratio of 10.44, a PEG ratio of 0.41 and a beta of 2.01. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.47. StoneCo Ltd. has a 12 month low of $7.72 and a 12 month high of $15.23. The company has a 50 day moving average of $11.90 and a two-hundred day moving average of $10.22.

StoneCo (NASDAQ:STNE - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. The business had revenue of $625.86 million for the quarter, compared to analysts' expectations of $3.68 billion. StoneCo had a net margin of 16.02% and a return on equity of 13.92%. As a group, equities analysts expect that StoneCo Ltd. will post 1.16 earnings per share for the current year.

About StoneCo

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.