73,712 Shares in StoneCo Ltd. (NASDAQ:STNE) Acquired by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. purchased a new position in StoneCo Ltd. (NASDAQ:STNE - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 73,712 shares of the company's stock, valued at approximately $587,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its position in StoneCo by 327.4% in 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. State Street Corp boosted its stake in shares of StoneCo by 51.0% in the 3rd quarter. State Street Corp now owns 7,972,037 shares of the company's stock valued at $89,765,000 after purchasing an additional 2,692,558 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of StoneCo in the 3rd quarter valued at $9,091,000. Barclays PLC grew its holdings in shares of StoneCo by 170.8% during the 3rd quarter. Barclays PLC now owns 440,682 shares of the company's stock valued at $4,962,000 after purchasing an additional 277,963 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in StoneCo by 313.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 472,758 shares of the company's stock worth $5,323,000 after purchasing an additional 358,398 shares during the period. Hedge funds and other institutional investors own 73.19% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on STNE shares. Barclays upped their price target on shares of StoneCo from $10.00 to $12.00 and gave the company an "equal weight" rating in a research report on Friday. The Goldman Sachs Group dropped their target price on StoneCo from $16.00 to $14.00 and set a "buy" rating for the company in a report on Thursday, February 6th. JPMorgan Chase & Co. reduced their price target on StoneCo from $21.00 to $15.00 and set an "overweight" rating on the stock in a research report on Monday, December 16th. Wells Fargo & Company upgraded StoneCo from an "equal weight" rating to an "overweight" rating in a research report on Wednesday, March 19th. Finally, Citigroup restated a "neutral" rating and issued a $9.00 target price (down previously from $19.00) on shares of StoneCo in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $14.50.

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StoneCo Trading Up 1.1 %

NASDAQ:STNE traded up $0.13 during trading hours on Tuesday, hitting $11.45. The company had a trading volume of 6,691,157 shares, compared to its average volume of 5,456,876. 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 has a 50-day moving average price of $9.49 and a 200 day moving average price of $9.92. The company has a market capitalization of $3.54 billion, a PE ratio of 8.95, a price-to-earnings-growth ratio of 0.41 and a beta of 2.33. StoneCo Ltd. has a 52 week low of $7.72 and a 52 week high of $17.93.

StoneCo (NASDAQ:STNE - Get Free Report) last announced its earnings results on Tuesday, March 18th. The company reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.32 by $0.07. StoneCo had a net margin of 16.02% and a return on equity of 13.92%. The firm had revenue of $582.20 million for the quarter, compared to analyst estimates of $3.59 billion. On average, equities research analysts predict that StoneCo Ltd. will post 1.16 EPS 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.