Geode Capital Management LLC raised its stake in shares of StoneCo Ltd. (NASDAQ:STNE - Free Report) by 4.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,419,797 shares of the company's stock after acquiring an additional 229,453 shares during the period. Geode Capital Management LLC owned about 1.75% of StoneCo worth $43,120,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of STNE. State Street Corp lifted its position in shares of StoneCo by 51.0% during the third 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. Norges Bank bought a new position in shares of StoneCo in the fourth quarter valued at approximately $22,642,000. SPX Gestao de Recursos Ltda lifted its holdings in StoneCo by 3,248.6% during the fourth quarter. SPX Gestao de Recursos Ltda now owns 1,813,588 shares of the company's stock worth $14,454,000 after acquiring an additional 1,759,429 shares during the period. JPMorgan Chase & Co. boosted its position in StoneCo by 7.3% in the fourth quarter. JPMorgan Chase & Co. now owns 1,696,729 shares of the company's stock worth $13,523,000 after purchasing an additional 116,050 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its stake in StoneCo by 5.1% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 987,298 shares of the company's stock valued at $7,869,000 after purchasing an additional 47,841 shares during the period. 73.19% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
STNE has been the subject of several research reports. Wells Fargo & Company upgraded shares of StoneCo from an "equal weight" rating to an "overweight" rating in a research report on Wednesday, March 19th. Citigroup reiterated a "neutral" rating and issued a $9.00 price objective (down previously from $19.00) on shares of StoneCo in a research note on Thursday, January 16th. Barclays boosted their target price on StoneCo from $10.00 to $12.00 and gave the company an "equal weight" rating in a research note on Friday, March 21st. Morgan Stanley lifted their price objective on StoneCo from $5.70 to $6.00 and gave the stock an "underweight" rating in a report on Friday, March 21st. Finally, The Goldman Sachs Group cut 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, StoneCo currently has a consensus rating of "Moderate Buy" and an average price target of $14.50.
Check Out Our Latest Stock Analysis on STNE
StoneCo Trading Up 3.6 %
Shares of STNE stock traded up $0.43 during mid-day trading on Friday, reaching $12.26. The stock had a trading volume of 5,129,305 shares, compared to its average volume of 5,682,733. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.47. The stock's 50-day moving average price is $10.39 and its two-hundred day moving average price is $9.89. The firm has a market capitalization of $3.79 billion, a PE ratio of 9.58, a price-to-earnings-growth ratio of 0.41 and a beta of 2.05. StoneCo Ltd. has a 52-week low of $7.72 and a 52-week high of $17.09.
StoneCo (NASDAQ:STNE - Get Free Report) last issued its quarterly earnings data on Tuesday, March 18th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.32 by $0.07. StoneCo had a net margin of 16.02% and a return on equity of 13.92%. The business had revenue of $582.20 million during the quarter, compared to analyst estimates of $3.59 billion. Equities analysts expect that StoneCo Ltd. will post 1.16 earnings per share for the current fiscal year.
StoneCo Company 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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