XTX Topco Ltd Acquires 69,051 Shares of StoneCo Ltd. (NASDAQ:STNE)

XTX Topco Ltd lifted its stake in StoneCo Ltd. (NASDAQ:STNE - Free Report) by 465.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 83,899 shares of the company's stock after acquiring an additional 69,051 shares during the quarter. XTX Topco Ltd's holdings in StoneCo were worth $669,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank bought a new position in shares of StoneCo during the 4th quarter worth approximately $22,642,000. SPX Gestao de Recursos Ltda lifted its holdings 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 valued at $14,454,000 after purchasing an additional 1,759,429 shares during the last quarter. Geode Capital Management LLC lifted its holdings in StoneCo by 36.0% during the 3rd quarter. Geode Capital Management LLC now owns 5,190,344 shares of the company's stock valued at $58,302,000 after purchasing an additional 1,374,788 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in StoneCo by 327.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,580,679 shares of the company's stock valued at $17,798,000 after purchasing an additional 1,210,817 shares during the last quarter. Finally, Trexquant Investment LP acquired a new stake in StoneCo during the 4th quarter valued at $6,178,000. Institutional investors and hedge funds own 73.19% of the company's stock.

StoneCo Price Performance

Shares of NASDAQ STNE traded down $0.05 during mid-day trading on Wednesday, reaching $13.07. The company had a trading volume of 2,856,004 shares, compared to its average volume of 5,670,411. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.42 and a current ratio of 1.42. StoneCo Ltd. has a one year low of $7.72 and a one year high of $17.09. The firm has a market cap of $4.04 billion, a price-to-earnings ratio of 10.21, a PEG ratio of 0.41 and a beta of 2.05. The business's 50-day simple moving average is $10.52 and its 200 day simple moving average is $9.91.

StoneCo (NASDAQ:STNE - Get Free Report) last issued its quarterly earnings results 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 analysts' expectations of $3.59 billion. On average, research analysts predict that StoneCo Ltd. will post 1.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on STNE. Wells Fargo & Company raised StoneCo from an "equal weight" rating to an "overweight" rating in a report on Wednesday, March 19th. Barclays raised their price target on StoneCo from $12.00 to $13.00 and gave the company an "equal weight" rating in a report on Wednesday. Morgan Stanley raised their price target on StoneCo from $5.70 to $6.00 and gave the company an "underweight" rating in a report on Friday, March 21st. The Goldman Sachs Group cut 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. Finally, Citigroup raised StoneCo from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $9.00 to $15.00 in a report on Tuesday. One investment 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 company. According to data from MarketBeat, StoneCo has a consensus rating of "Moderate Buy" and an average 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.