Dupree Financial Group LLC Buys Shares of 376,540 StoneCo Ltd. (NASDAQ:STNE)

Dupree Financial Group LLC bought a new stake in StoneCo Ltd. (NASDAQ:STNE - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 376,540 shares of the company's stock, valued at approximately $4,240,000. StoneCo makes up approximately 1.7% of Dupree Financial Group LLC's holdings, making the stock its 22nd biggest holding. Dupree Financial Group LLC owned 0.12% of StoneCo as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in STNE. Point72 Asset Management L.P. raised its holdings in StoneCo by 10.2% in the 2nd quarter. Point72 Asset Management L.P. now owns 8,386,945 shares of the company's stock valued at $100,559,000 after buying an additional 779,445 shares during the last quarter. Marshall Wace LLP lifted its holdings in StoneCo by 204.1% in the second quarter. Marshall Wace LLP now owns 7,741,662 shares of the company's stock valued at $92,823,000 after buying an additional 5,195,787 shares during the period. Constellation Investimentos e Participacoes Ltda grew its stake in StoneCo by 30.0% during the third quarter. Constellation Investimentos e Participacoes Ltda now owns 3,047,576 shares of the company's stock worth $34,316,000 after purchasing an additional 703,249 shares during the period. Coronation Fund Managers Ltd. increased its holdings in StoneCo by 16.0% in the second quarter. Coronation Fund Managers Ltd. now owns 2,841,696 shares of the company's stock worth $34,072,000 after purchasing an additional 392,958 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of StoneCo by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 2,636,619 shares of the company's stock worth $43,794,000 after buying an additional 88,256 shares in the last quarter. 73.19% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. UBS Group raised their price objective on StoneCo from $17.00 to $18.00 and gave the company a "buy" rating in a research note on Thursday, August 29th. Cantor Fitzgerald upgraded StoneCo to a "strong-buy" rating in a research note on Thursday, October 3rd. Evercore ISI reduced their target price on shares of StoneCo from $25.00 to $23.00 and set an "outperform" rating for the company in a research note on Tuesday, June 25th. Morgan Stanley reaffirmed an "underweight" rating and issued a $7.00 price objective (down from $16.50) on shares of StoneCo in a research report on Thursday, September 5th. Finally, Barclays dropped their target price on shares of StoneCo from $14.00 to $13.00 and set an "equal weight" rating on the stock in a research report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $17.70.

StoneCo Stock Up 0.4 %

STNE stock traded up $0.04 during trading on Wednesday, hitting $11.16. 1,808,325 shares of the stock traded hands, compared to its average volume of 5,171,480. The firm's 50 day moving average is $12.11 and its two-hundred day moving average is $13.32. StoneCo Ltd. has a 1 year low of $9.55 and a 1 year high of $19.46. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.36 and a quick ratio of 1.36. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of 9.04, a price-to-earnings-growth ratio of 0.39 and a beta of 2.30.

StoneCo (NASDAQ:STNE - Get Free Report) last released its quarterly earnings results on Wednesday, August 14th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.04). StoneCo had a return on equity of 13.21% and a net margin of 15.27%. The business had revenue of $615.13 million during the quarter, compared to the consensus estimate of $590.74 million. On average, sell-side analysts anticipate that StoneCo Ltd. will post 1.21 EPS for the current year.

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.