StoneCo Ltd. (NASDAQ:STNE) Shares Sold by Marshall Wace LLP

Marshall Wace LLP decreased its stake in shares of StoneCo Ltd. (NASDAQ:STNE - Free Report) by 86.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 905,176 shares of the company's stock after selling 5,920,905 shares during the period. Marshall Wace LLP owned 0.29% of StoneCo worth $7,214,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Geode Capital Management LLC increased 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 buying an additional 229,453 shares in the last quarter. Norges Bank purchased a new stake in shares of StoneCo in the fourth quarter valued at $22,642,000. SPX Gestao de Recursos Ltda grew its position in shares of StoneCo by 3,248.6% in the fourth quarter. SPX Gestao de Recursos Ltda now owns 1,813,588 shares of the company's stock valued at $14,454,000 after purchasing an additional 1,759,429 shares during the period. JPMorgan Chase & Co. grew its position in shares of 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 purchasing an additional 116,050 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its position in shares of StoneCo by 5.1% in 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 during the period. Hedge funds and other institutional investors own 73.19% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on STNE shares. Barclays lifted their price objective on StoneCo from $12.00 to $13.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 23rd. 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 report on Thursday, February 6th. Morgan Stanley lifted their price objective on StoneCo from $5.70 to $6.00 and gave the company an "underweight" rating in a research report on Friday, March 21st. Citigroup raised 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 research report on Tuesday, April 22nd. Finally, Wells Fargo & Company upgraded StoneCo from an "equal weight" rating to an "overweight" rating in a report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $15.38.

StoneCo Stock Up 3.5 %

Shares of NASDAQ:STNE traded up $0.48 during midday trading on Monday, reaching $14.23. The company had a trading volume of 7,005,953 shares, compared to its average volume of 5,703,054. 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 stock's fifty day moving average price is $10.81 and its 200-day moving average price is $9.98. The stock has a market capitalization of $4.40 billion, a P/E ratio of 11.12, a PEG 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.

StoneCo (NASDAQ:STNE - Get Free Report) last released 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. The firm had revenue of $582.20 million during the quarter, compared to the consensus estimate of $3.59 billion. StoneCo had a net margin of 16.02% and a return on equity of 13.92%. Equities research analysts expect that StoneCo Ltd. will post 1.16 earnings per share for the current fiscal year.

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.