HighTower Advisors LLC acquired a new position in shares of StoneCo Ltd. (NASDAQ:STNE - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 39,139 shares of the company's stock, valued at approximately $312,000.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Thrivent Financial for Lutherans boosted its position in shares of StoneCo by 9.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 19,877 shares of the company's stock valued at $224,000 after purchasing an additional 1,773 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of StoneCo by 18.8% in the third quarter. The Manufacturers Life Insurance Company now owns 146,442 shares of the company's stock valued at $1,649,000 after acquiring an additional 23,167 shares during the period. FMR LLC grew its position in shares of StoneCo by 466.4% during the third quarter. FMR LLC now owns 64,492 shares of the company's stock worth $726,000 after acquiring an additional 53,106 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of StoneCo by 313.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 472,758 shares of the company's stock valued at $5,323,000 after acquiring an additional 358,398 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in StoneCo by 1,985.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 61,978 shares of the company's stock valued at $698,000 after purchasing an additional 59,006 shares during the last quarter. Institutional investors and hedge funds own 73.19% of the company's stock.
StoneCo Stock Down 7.1 %
Shares of STNE stock traded down $0.81 during mid-day trading on Friday, reaching $10.58. 8,853,324 shares of the company were exchanged, compared to its average volume of 5,601,859. The business's 50 day simple moving average is $9.87 and its 200 day simple moving average is $9.87. The company has a market capitalization of $3.27 billion, a P/E ratio of 8.27, a P/E/G ratio of 0.41 and a beta of 2.05. StoneCo Ltd. has a fifty-two week low of $7.72 and a fifty-two week high of $17.93. 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 posted its quarterly earnings results on Tuesday, March 18th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.32 by $0.07. The business had revenue of $582.20 million during the quarter, compared to analyst estimates of $3.59 billion. StoneCo had a net margin of 16.02% and a return on equity of 13.92%. Research analysts predict that StoneCo Ltd. will post 1.16 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on STNE shares. Barclays upped 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. Morgan Stanley lifted their target price on StoneCo from $5.70 to $6.00 and gave the company an "underweight" rating in a research note on Friday, March 21st. Citigroup restated a "neutral" rating and set a $9.00 price target (down previously from $19.00) on shares of StoneCo in a research note on Thursday, January 16th. JPMorgan Chase & Co. lowered their price objective on shares of StoneCo from $21.00 to $15.00 and set an "overweight" rating on the stock in a research report on Monday, December 16th. Finally, The Goldman Sachs Group cut their price objective 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 analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $14.50.
Read Our Latest Stock Analysis on STNE
About StoneCo
(
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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