Quantbot Technologies LP purchased a new stake in StoneCo Ltd. (NASDAQ:STNE - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 316,316 shares of the company's stock, valued at approximately $2,521,000. Quantbot Technologies LP owned 0.10% of StoneCo at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Royal London Asset Management Ltd. bought a new stake in StoneCo in the 4th quarter valued at approximately $1,413,000. Xponance Inc. increased its position in StoneCo by 10.9% during the 4th quarter. Xponance Inc. now owns 20,781 shares of the company's stock worth $166,000 after buying an additional 2,044 shares during the period. Thrivent Financial for Lutherans lifted its holdings in shares of StoneCo by 6.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 21,082 shares of the company's stock worth $168,000 after buying an additional 1,205 shares in the last quarter. Cibc World Markets Corp bought a new stake in StoneCo in the 4th quarter valued at about $214,000. Finally, one8zero8 LLC acquired a new position in shares of StoneCo during the 4th quarter worth approximately $2,303,000. 73.19% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
STNE has been the subject of several analyst reports. Barclays lifted their price objective on 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 report on Friday, March 21st. Citigroup reissued a "neutral" rating and issued a $9.00 target price (down previously from $19.00) on shares of StoneCo in a report on Thursday, January 16th. JPMorgan Chase & Co. decreased their price target on shares of StoneCo from $21.00 to $15.00 and set an "overweight" rating on the stock in a report on Monday, December 16th. Finally, Wells Fargo & Company raised shares of StoneCo from an "equal weight" rating to an "overweight" rating in a research note on Wednesday, March 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $14.50.
Get Our Latest Research Report on STNE
StoneCo Trading Up 0.5 %
Shares of NASDAQ:STNE traded up $0.06 during midday trading on Thursday, reaching $11.45. The company's stock had a trading volume of 3,576,686 shares, compared to its average volume of 5,441,451. The firm has a 50 day moving average price of $9.54 and a two-hundred day moving average price of $9.93. StoneCo Ltd. has a fifty-two week low of $7.72 and a fifty-two week high of $17.93. The firm has a market capitalization of $3.54 billion, a price-to-earnings ratio of 8.95, a PEG ratio of 0.41 and a beta of 2.33. 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 announced its quarterly earnings data on Tuesday, March 18th. The company reported $0.39 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $3.59 billion. As a group, analysts forecast that StoneCo Ltd. will post 1.16 earnings per share for the current year.
StoneCo Company Profile
(
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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