IPG Investment Advisors LLC Makes New Investment in StoneCo Ltd. (NASDAQ:STNE)

IPG Investment Advisors LLC acquired a new position in shares of StoneCo Ltd. (NASDAQ:STNE - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 108,000 shares of the company's stock, valued at approximately $861,000.

Other institutional investors have also recently bought and sold shares of the company. Thrivent Financial for Lutherans raised its stake in shares of StoneCo by 9.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 19,877 shares of the company's stock worth $224,000 after purchasing an additional 1,773 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in StoneCo by 18.8% in the third quarter. The Manufacturers Life Insurance Company now owns 146,442 shares of the company's stock worth $1,649,000 after buying an additional 23,167 shares during the last quarter. FMR LLC raised its position in StoneCo by 466.4% during the third quarter. FMR LLC now owns 64,492 shares of the company's stock valued at $726,000 after acquiring an additional 53,106 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in StoneCo by 313.4% in the third 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 last quarter. Finally, Freedom Investment Management Inc. grew its position in StoneCo by 22.9% in the third quarter. Freedom Investment Management Inc. now owns 31,510 shares of the company's stock worth $355,000 after acquiring an additional 5,877 shares in the last quarter. Institutional investors and hedge funds own 73.19% of the company's stock.

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StoneCo Stock Performance

STNE traded up $0.16 on Wednesday, hitting $10.73. 4,106,291 shares of the stock traded hands, compared to its average volume of 5,565,095. The business has a fifty day moving average price of $9.73 and a two-hundred day moving average price of $9.90. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.47. StoneCo Ltd. has a 52 week low of $7.72 and a 52 week high of $17.93. The firm has a market capitalization of $3.31 billion, a PE ratio of 8.38, a P/E/G ratio of 0.41 and a beta of 2.33.

StoneCo (NASDAQ:STNE - Get Free Report) last announced its quarterly earnings data on Tuesday, March 18th. The company reported $0.39 earnings per share (EPS) 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 company had revenue of $582.20 million during the quarter, compared to analysts' expectations of $3.59 billion. On average, research analysts predict that StoneCo Ltd. will post 1.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on STNE. Morgan Stanley lifted their price objective on shares of StoneCo from $5.70 to $6.00 and gave the company an "underweight" rating in a research note on Friday, March 21st. Wells Fargo & Company raised StoneCo from an "equal weight" rating to an "overweight" rating in a research report on Wednesday, March 19th. 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 research note on Thursday, February 6th. Citigroup reissued a "neutral" rating and issued a $9.00 price objective (down from $19.00) on shares of StoneCo in a research note on Thursday, January 16th. Finally, Barclays upped their target price on StoneCo from $10.00 to $12.00 and gave the stock an "equal weight" rating in a research report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, StoneCo has an average rating of "Moderate Buy" and a consensus price target of $14.50.

About StoneCo

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.