Resona Asset Management Co. Ltd. bought a new position in shares of StoneCo Ltd. (NASDAQ:STNE - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 61,687 shares of the company's stock, valued at approximately $493,000.
Other hedge funds have also recently bought and sold shares of the company. Jones Financial Companies Lllp raised its holdings in shares of StoneCo by 254.7% during the 4th quarter. Jones Financial Companies Lllp now owns 4,256 shares of the company's stock valued at $34,000 after buying an additional 3,056 shares during the period. Newbridge Financial Services Group Inc. grew 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 during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of StoneCo during the 4th quarter worth approximately $56,000. Skandinaviska Enskilda Banken AB publ increased its position in StoneCo by 31.6% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 7,500 shares of the company's stock worth $59,000 after buying an additional 1,800 shares during the period. Finally, KBC Group NV acquired a new stake in shares of StoneCo in the 4th quarter worth about $73,000. Hedge funds and other institutional investors own 73.19% of the company's stock.
StoneCo Price Performance
StoneCo stock traded down $0.01 during midday trading on Wednesday, hitting $11.94. The company's stock had a trading volume of 754,263 shares, compared to its average volume of 5,658,922. StoneCo Ltd. has a 12 month low of $7.72 and a 12 month high of $17.09. 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 stock's 50-day moving average price is $10.22 and its 200-day moving average price is $9.87. The company has a market capitalization of $3.69 billion, a PE ratio of 9.32, a price-to-earnings-growth ratio of 0.41 and a beta of 2.05.
StoneCo (NASDAQ:STNE - Get Free Report) last announced its 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. The business had revenue of $582.20 million during the quarter, compared to the consensus estimate of $3.59 billion. StoneCo had a return on equity of 13.92% and a net margin of 16.02%. Analysts anticipate that StoneCo Ltd. will post 1.16 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several brokerages have recently issued reports on STNE. Citigroup reiterated a "neutral" rating and set a $9.00 price objective (down from $19.00) on shares of StoneCo in a research report on Thursday, January 16th. Morgan Stanley boosted their price target on StoneCo from $5.70 to $6.00 and gave the stock an "underweight" rating in a research report on Friday, March 21st. Barclays raised their price target on StoneCo from $10.00 to $12.00 and gave the company an "equal weight" rating in a report on Friday, March 21st. Wells Fargo & Company raised shares of StoneCo from an "equal weight" rating to an "overweight" rating in a report on Wednesday, March 19th. Finally, The Goldman Sachs Group decreased their target price on shares of StoneCo from $16.00 to $14.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $14.50.
View Our Latest Research Report on StoneCo
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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