Atmos Capital Gestao DE Recursos LTDA. lifted its position in shares of StoneCo Ltd. (NASDAQ:STNE - Free Report) by 23.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,623,836 shares of the company's stock after purchasing an additional 2,173,389 shares during the period. StoneCo comprises 20.1% of Atmos Capital Gestao DE Recursos LTDA.'s investment portfolio, making the stock its largest holding. Atmos Capital Gestao DE Recursos LTDA. owned approximately 3.76% of StoneCo worth $92,642,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp lifted its holdings in StoneCo by 254.7% during the 4th quarter. Jones Financial Companies Lllp now owns 4,256 shares of the company's stock worth $34,000 after buying an additional 3,056 shares during the period. Sterling Capital Management LLC raised its position in shares of StoneCo by 627.0% during the fourth quarter. Sterling Capital Management LLC now owns 4,551 shares of the company's stock worth $36,000 after acquiring an additional 3,925 shares during the last quarter. Newbridge Financial Services Group Inc. lifted its stake in shares of StoneCo by 166.7% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 6,400 shares of the company's stock worth $51,000 after acquiring an additional 4,000 shares during the period. SBI Securities Co. Ltd. bought a new stake in StoneCo in the fourth quarter valued at approximately $56,000. Finally, Skandinaviska Enskilda Banken AB publ increased its position in StoneCo by 31.6% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 7,500 shares of the company's stock valued at $59,000 after purchasing an additional 1,800 shares during the period. Institutional investors and hedge funds own 73.19% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on STNE. Citigroup upgraded shares of StoneCo from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $9.00 to $15.00 in a research report on Tuesday. Barclays boosted their target price on shares of StoneCo from $10.00 to $12.00 and gave the company an "equal weight" rating in a report on Friday, March 21st. The Goldman Sachs Group decreased 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. Wells Fargo & Company raised StoneCo from an "equal weight" rating to an "overweight" rating in a research report on Wednesday, March 19th. Finally, Morgan Stanley upped their target price on StoneCo from $5.70 to $6.00 and gave the company an "underweight" rating in a research report on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $15.25.
Read Our Latest Research Report on StoneCo
StoneCo Stock Performance
Shares of StoneCo stock opened at $13.12 on Wednesday. The business has a 50-day simple moving average of $10.52 and a 200 day simple moving average of $9.91. The firm has a market capitalization of $4.05 billion, a price-to-earnings ratio of 10.25, a PEG ratio of 0.41 and a beta of 2.05. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.42 and a quick ratio of 1.42. 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 issued its earnings results on Tuesday, March 18th. The company reported $0.39 earnings per share 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. On average, research analysts anticipate that StoneCo Ltd. will post 1.16 earnings per share for the current fiscal year.
StoneCo 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.
See Also
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