Squadra Investments Gestao DE Recursos LTDA. grew its stake in StoneCo Ltd. (NASDAQ:STNE - Free Report) by 46.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,951,183 shares of the company's stock after buying an additional 4,446,709 shares during the quarter. StoneCo makes up 52.5% of Squadra Investments Gestao DE Recursos LTDA.'s portfolio, making the stock its biggest holding. Squadra Investments Gestao DE Recursos LTDA. owned 4.52% of StoneCo worth $111,191,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Point72 Asset Management L.P. increased its position in StoneCo by 22.2% in the fourth quarter. Point72 Asset Management L.P. now owns 13,956,554 shares of the company's stock worth $111,234,000 after buying an additional 2,534,079 shares in the last quarter. Atmos Capital Gestao DE Recursos LTDA. increased its position in StoneCo by 23.0% in the fourth quarter. Atmos Capital Gestao DE Recursos LTDA. now owns 11,623,836 shares of the company's stock worth $92,642,000 after buying an additional 2,173,389 shares in the last quarter. Nuveen Asset Management LLC grew its position in shares of StoneCo by 40.3% during the fourth quarter. Nuveen Asset Management LLC now owns 6,993,611 shares of the company's stock worth $55,739,000 after purchasing an additional 2,008,710 shares in the last quarter. Geode Capital Management LLC grew its position in shares of StoneCo by 4.4% during the fourth quarter. Geode Capital Management LLC now owns 5,419,797 shares of the company's stock worth $43,120,000 after purchasing an additional 229,453 shares in the last quarter. Finally, Northern Trust Corp grew its position in shares of StoneCo by 44.9% during the fourth quarter. Northern Trust Corp now owns 3,073,658 shares of the company's stock worth $24,497,000 after purchasing an additional 952,039 shares in the last quarter. Hedge funds and other institutional investors own 73.19% of the company's stock.
Wall Street Analyst Weigh In
STNE has been the subject of several research analyst reports. Barclays increased their target price on StoneCo from $13.00 to $15.00 and gave the stock an "equal weight" rating in a research report on Monday, May 12th. Citigroup upgraded StoneCo from a "neutral" rating to a "buy" rating and increased their target price for the stock from $9.00 to $15.00 in a research report on Tuesday, April 22nd. Wells Fargo & Company upgraded StoneCo from an "equal weight" rating to an "overweight" rating in a research report on Wednesday, March 19th. The Goldman Sachs Group cut their target price on StoneCo from $16.00 to $14.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Finally, Morgan Stanley increased their target price on StoneCo from $5.70 to $6.00 and gave the stock an "underweight" rating in a research report on Friday, March 21st. One analyst has rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $15.63.
Check Out Our Latest Research Report on StoneCo
StoneCo Price Performance
StoneCo stock traded up $0.06 during midday trading on Monday, reaching $13.42. 4,666,253 shares of the stock traded hands, compared to its average volume of 5,739,439. The stock's fifty day moving average is $12.07 and its 200-day moving average is $10.23. StoneCo Ltd. has a 12 month low of $7.72 and a 12 month high of $15.23. The stock has a market cap of $3.84 billion, a P/E ratio of 10.48, a PEG ratio of 0.41 and a beta of 2.01. 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 (NASDAQ:STNE - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.02. The business 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%. As a group, equities research analysts anticipate that StoneCo Ltd. will post 1.16 EPS for the current year.
StoneCo Profile
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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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