StoneCo Ltd. (NASDAQ:STNE) Shares Purchased by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC raised its position in StoneCo Ltd. (NASDAQ:STNE - Free Report) by 177.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,602 shares of the company's stock after acquiring an additional 33,624 shares during the period. Tower Research Capital LLC TRC's holdings in StoneCo were worth $419,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new position in shares of StoneCo in the fourth quarter worth about $22,642,000. SPX Gestao de Recursos Ltda raised its position in 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 buying an additional 1,759,429 shares during the last quarter. JPMorgan Chase & Co. raised its position in StoneCo by 327.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,580,679 shares of the company's stock worth $17,798,000 after buying an additional 1,210,817 shares during the last quarter. Trexquant Investment LP acquired a new stake in StoneCo during the 4th quarter valued at approximately $6,178,000. Finally, Quantbot Technologies LP purchased a new stake in shares of StoneCo in the 4th quarter valued at $2,521,000. 73.19% of the stock is owned by hedge funds and other institutional investors.

StoneCo Price Performance

STNE traded down $0.43 during trading on Monday, hitting $13.34. The company's stock had a trading volume of 2,904,929 shares, compared to its average volume of 5,711,034. The firm has a market capitalization of $3.82 billion, a price-to-earnings ratio of 10.41, a P/E/G ratio of 0.41 and a beta of 2.01. StoneCo Ltd. has a twelve month low of $7.72 and a twelve month high of $17.09. The business's fifty day simple moving average is $11.14 and its 200 day simple moving average is $10.06. 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 released its quarterly earnings results on Tuesday, March 18th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.07. The firm had revenue of $582.20 million for the quarter, compared to analysts' expectations of $3.59 billion. StoneCo had a net margin of 16.02% and a return on equity of 13.92%. On average, equities research analysts forecast that StoneCo Ltd. will post 1.16 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.