Charles Schwab Investment Management Inc. trimmed its position in StoneCo Ltd. (NASDAQ:STNE - Free Report) by 22.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 939,522 shares of the company's stock after selling 278,839 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.30% of StoneCo worth $7,488,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of STNE. Jones Financial Companies Lllp raised its holdings in StoneCo by 254.7% in the fourth quarter. Jones Financial Companies Lllp now owns 4,256 shares of the company's stock valued at $34,000 after buying an additional 3,056 shares during the period. Newbridge Financial Services Group Inc. increased its position 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 in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of StoneCo in the 4th quarter valued at $56,000. KBC Group NV acquired a new position in shares of StoneCo during the 4th quarter valued at $73,000. Finally, Proficio Capital Partners LLC purchased a new stake in StoneCo during the 4th quarter worth $101,000. 73.19% of the stock is owned by institutional investors and hedge funds.
StoneCo Stock Up 0.5 %
Shares of StoneCo stock traded up $0.06 during trading on Thursday, reaching $11.45. The company had a trading volume of 3,576,686 shares, compared to its average volume of 5,441,446. The company has a market cap of $3.54 billion, a price-to-earnings ratio of 8.95, a price-to-earnings-growth ratio of 0.41 and a beta of 2.33. StoneCo Ltd. has a fifty-two week low of $7.72 and a fifty-two week high of $17.93. The firm's fifty day moving average is $9.54 and its 200-day moving average is $9.93. 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 (NASDAQ:STNE - Get Free Report) last released its 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 the consensus estimate of $3.59 billion. On average, analysts anticipate that StoneCo Ltd. will post 1.16 EPS for the current year.
Analyst Upgrades and Downgrades
Several research firms have commented on STNE. Citigroup reissued a "neutral" rating and issued a $9.00 price objective (down from $19.00) on shares of StoneCo in a research report on Thursday, January 16th. 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. Barclays increased their price objective on shares of StoneCo from $10.00 to $12.00 and gave the company an "equal weight" rating in a research report on Friday, March 21st. The Goldman Sachs Group reduced their target price on shares of StoneCo from $16.00 to $14.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Finally, Morgan Stanley lifted their price target on shares of StoneCo from $5.70 to $6.00 and gave the stock an "underweight" rating in a research note on Friday, March 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, StoneCo currently has a consensus rating of "Moderate Buy" and a consensus price target of $14.50.
View Our Latest Stock Report on STNE
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.
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