Jump Financial LLC Buys 239,929 Shares of StoneCo Ltd. (NASDAQ:STNE)

Jump Financial LLC lifted its holdings in shares of StoneCo Ltd. (NASDAQ:STNE - Free Report) by 179.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 373,793 shares of the company's stock after buying an additional 239,929 shares during the period. Jump Financial LLC owned approximately 0.12% of StoneCo worth $2,979,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Jones Financial Companies Lllp boosted its position in StoneCo by 254.7% in the fourth quarter. Jones Financial Companies Lllp now owns 4,256 shares of the company's stock worth $34,000 after purchasing an additional 3,056 shares during the last quarter. Sterling Capital Management LLC lifted its position in shares of StoneCo by 627.0% during the 4th quarter. Sterling Capital Management LLC now owns 4,551 shares of the company's stock valued at $36,000 after buying an additional 3,925 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its position in shares of StoneCo by 166.7% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 6,400 shares of the company's stock valued at $51,000 after buying an additional 4,000 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of StoneCo during the 4th quarter valued at about $56,000. Finally, Skandinaviska Enskilda Banken AB publ lifted its position in shares of StoneCo by 31.6% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 7,500 shares of the company's stock valued at $59,000 after buying an additional 1,800 shares in the last quarter. 73.19% of the stock is owned by hedge funds and other institutional investors.

StoneCo Trading Down 0.4 %

Shares of StoneCo stock traded down $0.05 on Wednesday, reaching $13.07. The company had a trading volume of 2,856,004 shares, compared to its average volume of 5,670,411. The firm has a market cap of $4.04 billion, a price-to-earnings ratio of 10.21, a P/E/G ratio of 0.41 and a beta of 2.05. 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 firm's 50-day moving average price is $10.52 and its two-hundred day moving average price is $9.91. StoneCo Ltd. has a 1 year low of $7.72 and a 1 year high of $17.09.

StoneCo (NASDAQ:STNE - Get Free Report) last announced 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. The firm had revenue of $582.20 million during the quarter, compared to analysts' expectations of $3.59 billion. StoneCo had a return on equity of 13.92% and a net margin of 16.02%. As a group, research analysts predict that StoneCo Ltd. will post 1.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

STNE has been the topic of several recent analyst reports. Wells Fargo & Company raised StoneCo from an "equal weight" rating to an "overweight" rating in a research note on Wednesday, March 19th. Citigroup raised StoneCo from a "neutral" rating to a "buy" rating and lifted their target price for the company from $9.00 to $15.00 in a research note on Tuesday. 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. Barclays lifted their target price on StoneCo from $12.00 to $13.00 and gave the company an "equal weight" rating in a research note on Wednesday. Finally, The Goldman Sachs Group reduced their price objective on StoneCo from $16.00 to $14.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $15.38.

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.