BNP Paribas Financial Markets decreased its holdings in shares of StoneCo Ltd. (NASDAQ:STNE - Free Report) by 7.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 436,596 shares of the company's stock after selling 36,162 shares during the period. BNP Paribas Financial Markets owned 0.14% of StoneCo worth $3,480,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in STNE. Jones Financial Companies Lllp raised its position in shares of StoneCo by 254.7% during the 4th quarter. Jones Financial Companies Lllp now owns 4,256 shares of the company's stock valued at $34,000 after purchasing an additional 3,056 shares during the period. Sterling Capital Management LLC increased its holdings in shares of StoneCo by 627.0% in the 4th quarter. Sterling Capital Management LLC now owns 4,551 shares of the company's stock worth $36,000 after buying an additional 3,925 shares during the last quarter. Newbridge Financial Services Group Inc. increased its holdings in shares of StoneCo by 166.7% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 6,400 shares of the company's stock worth $51,000 after buying an additional 4,000 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of StoneCo in the 4th quarter worth about $56,000. Finally, Skandinaviska Enskilda Banken AB publ boosted its stake in shares of StoneCo by 31.6% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 7,500 shares of the company's stock worth $59,000 after purchasing an additional 1,800 shares during the period. Hedge funds and other institutional investors own 73.19% of the company's stock.
StoneCo Stock Performance
Shares of STNE stock traded down $0.04 during mid-day trading on Tuesday, hitting $13.38. The stock had a trading volume of 534,981 shares, compared to its average volume of 5,719,096. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.42 and a quick ratio of 1.42. The company's 50-day simple moving average is $12.07 and its 200-day simple moving average is $10.23. StoneCo Ltd. has a fifty-two week low of $7.72 and a fifty-two week high of $15.23. The firm has a market cap of $3.83 billion, a PE ratio of 10.44, a PEG ratio of 0.41 and a beta of 2.01.
StoneCo (NASDAQ:STNE - Get Free Report) last released its quarterly earnings data 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 analyst estimates of $3.68 billion. StoneCo had a net margin of 16.02% and a return on equity of 13.92%. Sell-side analysts anticipate that StoneCo Ltd. will post 1.16 earnings per share for the current year.
Analyst Ratings Changes
STNE has been the subject of several research reports. Citigroup raised shares of StoneCo from a "neutral" rating to a "buy" rating and upped their price target for the stock from $9.00 to $15.00 in a research report on Tuesday, April 22nd. Barclays upped their price target on shares of StoneCo from $13.00 to $15.00 and gave the company an "equal weight" rating in a research note on Monday, May 12th. The Goldman Sachs Group cut their price target on shares of StoneCo from $16.00 to $14.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Wells Fargo & Company upgraded shares of StoneCo from an "equal weight" rating to an "overweight" rating in a research note on Wednesday, March 19th. Finally, Morgan Stanley increased their price target on shares of StoneCo from $5.70 to $6.00 and gave the stock an "underweight" rating in a report on Friday, March 21st. One investment 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 company's stock. Based on data from MarketBeat, StoneCo currently has a consensus rating of "Moderate Buy" and a consensus target price of $15.63.
Read Our Latest Stock Analysis on STNE
StoneCo Company Profile
(
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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