one8zero8 LLC Takes Position in StoneCo Ltd. (NASDAQ:STNE)

one8zero8 LLC acquired a new stake in shares of StoneCo Ltd. (NASDAQ:STNE - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 288,950 shares of the company's stock, valued at approximately $2,303,000. one8zero8 LLC owned approximately 0.09% of StoneCo as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. raised its stake in shares of StoneCo by 327.4% during the third quarter. JPMorgan Chase & Co. now owns 1,580,679 shares of the company's stock valued at $17,798,000 after purchasing an additional 1,210,817 shares in the last quarter. State Street Corp raised its position in StoneCo by 51.0% in the third quarter. State Street Corp now owns 7,972,037 shares of the company's stock worth $89,765,000 after acquiring an additional 2,692,558 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in StoneCo in the third quarter worth about $9,091,000. Barclays PLC raised its position in StoneCo by 170.8% in the third quarter. Barclays PLC now owns 440,682 shares of the company's stock worth $4,962,000 after acquiring an additional 277,963 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new stake in StoneCo in the third quarter worth about $716,000. 73.19% of the stock is currently owned by institutional investors.

StoneCo Stock Performance

STNE stock traded down $0.20 during midday trading on Thursday, hitting $11.18. 8,075,126 shares of the company traded hands, compared to its average volume of 5,442,858. StoneCo Ltd. has a twelve month low of $7.72 and a twelve month high of $17.93. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.47. The business has a 50 day simple moving average of $9.23 and a 200-day simple moving average of $9.97. The stock has a market capitalization of $3.45 billion, a price-to-earnings ratio of 8.73, a price-to-earnings-growth ratio of 0.41 and a beta of 2.33.

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

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Barclays dropped their price target on shares of StoneCo from $12.00 to $10.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 29th. Wells Fargo & Company upgraded shares of StoneCo from an "equal weight" rating to an "overweight" rating in a research report on Wednesday. Citigroup restated a "neutral" rating and set a $9.00 price objective (down previously from $19.00) on shares of StoneCo in a report on Thursday, January 16th. JPMorgan Chase & Co. cut their price objective on StoneCo from $21.00 to $15.00 and set an "overweight" rating on the stock in a report on Monday, December 16th. Finally, The Goldman Sachs Group cut their price objective on StoneCo from $16.00 to $14.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, StoneCo has a consensus rating of "Moderate Buy" and a consensus target price of $14.38.

StoneCo 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.