Barclays PLC Has $5.10 Million Stock Position in StoneCo Ltd. (NASDAQ:STNE)

Barclays PLC grew its stake in shares of StoneCo Ltd. (NASDAQ:STNE - Free Report) by 45.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 640,605 shares of the company's stock after acquiring an additional 199,923 shares during the quarter. Barclays PLC owned about 0.21% of StoneCo worth $5,104,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of STNE. Geode Capital Management LLC lifted its position in 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 during the period. Norges Bank bought a new stake in shares of StoneCo during the 4th quarter worth approximately $22,642,000. SPX Gestao de Recursos Ltda boosted its position in shares of StoneCo by 3,248.6% during the 4th quarter. SPX Gestao de Recursos Ltda now owns 1,813,588 shares of the company's stock worth $14,454,000 after acquiring an additional 1,759,429 shares in the last quarter. JPMorgan Chase & Co. increased its stake in StoneCo by 7.3% in the fourth 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, Robeco Institutional Asset Management B.V. raised its position in StoneCo by 5.1% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 987,298 shares of the company's stock valued at $7,869,000 after purchasing an additional 47,841 shares in the last quarter. 73.19% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. The Goldman Sachs Group lowered their price target on StoneCo from $16.00 to $14.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Barclays increased their target price on shares of StoneCo from $12.00 to $13.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 23rd. Morgan Stanley lifted their price target on shares of StoneCo from $5.70 to $6.00 and gave the company an "underweight" rating in a report on Friday, March 21st. Wells Fargo & Company upgraded shares of StoneCo from an "equal weight" rating to an "overweight" rating in a report on Wednesday, March 19th. Finally, Citigroup raised StoneCo from a "neutral" rating to a "buy" rating and raised their price objective for the company from $9.00 to $15.00 in a report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $15.38.

StoneCo Trading Down 0.8 %

NASDAQ:STNE traded down $0.11 during trading hours on Friday, hitting $13.79. 875,080 shares of the company were exchanged, compared to its average volume of 5,692,668. The stock has a market capitalization of $4.26 billion, a price-to-earnings ratio of 10.75, a price-to-earnings-growth ratio of 0.41 and a beta of 2.05. StoneCo Ltd. has a one year low of $7.72 and a one year high of $17.09. The company has a fifty day simple moving average of $11.06 and a 200 day simple moving average of $10.05. 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 (NASDAQ:STNE - Get Free Report) last posted its quarterly earnings data on Tuesday, March 18th. The company reported $0.39 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.07. StoneCo had a return on equity of 13.92% and a net margin of 16.02%. The company had revenue of $582.20 million for the quarter, compared to analyst estimates of $3.59 billion. Sell-side analysts expect that StoneCo Ltd. will post 1.16 EPS for the current fiscal year.

StoneCo 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.