StoneCo Ltd. (NASDAQ:STNE) Shares Acquired by Point72 Asset Management L.P.

Point72 Asset Management L.P. increased its stake in shares of StoneCo Ltd. (NASDAQ:STNE - Free Report) by 22.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 13,956,554 shares of the company's stock after acquiring an additional 2,534,079 shares during the period. Point72 Asset Management L.P. owned approximately 4.52% of StoneCo worth $111,234,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Barclays PLC raised its position in shares of StoneCo by 170.8% in the 3rd quarter. Barclays PLC now owns 440,682 shares of the company's stock valued at $4,962,000 after purchasing an additional 277,963 shares in the last quarter. Commons Capital LLC acquired a new position in shares of StoneCo in the 4th quarter valued at approximately $383,000. Asset Management One Co. Ltd. increased its holdings in shares of StoneCo by 34.2% in the 4th quarter. Asset Management One Co. Ltd. now owns 45,569 shares of the company's stock valued at $373,000 after acquiring an additional 11,605 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of StoneCo by 7.3% in the 4th quarter. JPMorgan Chase & Co. now owns 1,696,729 shares of the company's stock valued at $13,523,000 after acquiring an additional 116,050 shares during the last quarter. Finally, HighTower Advisors LLC bought a new stake in shares of StoneCo in the 4th quarter valued at approximately $312,000. 73.19% of the stock is owned by institutional investors and hedge funds.

StoneCo Stock Performance

STNE stock traded up $0.08 during trading on Friday, reaching $13.36. 5,281,148 shares of the company's stock were exchanged, compared to its average volume of 5,743,748. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.47. StoneCo Ltd. has a 1-year low of $7.72 and a 1-year high of $15.23. The company's fifty day moving average price is $11.98 and its 200-day moving average price is $10.22. The firm has a market cap of $3.82 billion, a PE ratio of 10.44, a P/E/G ratio of 0.41 and a beta of 2.01.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Citigroup upgraded StoneCo from a "neutral" rating to a "buy" rating and boosted their price target for the company from $9.00 to $15.00 in a report on Tuesday, April 22nd. Barclays boosted their price target on StoneCo from $13.00 to $15.00 and gave the company an "equal weight" rating in a report on Monday, May 12th. Wells Fargo & Company upgraded StoneCo from an "equal weight" rating to an "overweight" rating in a report on Wednesday, March 19th. The Goldman Sachs Group lowered their price objective on StoneCo from $16.00 to $14.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Finally, Morgan Stanley upped their price objective on StoneCo from $5.70 to $6.00 and gave the stock an "underweight" rating in a research note on Friday, March 21st. One analyst has rated the stock with a sell rating, one has issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $15.63.

StoneCo Company Profile

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.