StoneCo Ltd. (NASDAQ:STNE) Shares Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lifted its stake in shares of StoneCo Ltd. (NASDAQ:STNE - Free Report) by 5.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 987,298 shares of the company's stock after acquiring an additional 47,841 shares during the period. Robeco Institutional Asset Management B.V. owned 0.32% of StoneCo worth $7,869,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. KBC Group NV purchased a new position in StoneCo during the fourth quarter worth approximately $73,000. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new position in shares of StoneCo in the 3rd quarter worth $125,000. Covestor Ltd boosted its holdings in StoneCo by 40.9% in the third quarter. Covestor Ltd now owns 13,350 shares of the company's stock valued at $150,000 after acquiring an additional 3,878 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in StoneCo during the third quarter valued at about $156,000. Finally, XTX Topco Ltd acquired a new stake in StoneCo during the third quarter worth about $167,000. 73.19% of the stock is owned by institutional investors and hedge funds.

StoneCo Stock Down 0.5 %

Shares of StoneCo stock traded down $0.05 during trading hours on Wednesday, hitting $9.34. 4,500,112 shares of the company's stock traded hands, compared to its average volume of 5,219,448. StoneCo Ltd. has a twelve month low of $7.72 and a twelve month high of $19.46. The company has a market cap of $2.89 billion, a PE ratio of 7.30, a PEG ratio of 0.37 and a beta of 2.25. 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 has a 50 day simple moving average of $8.66 and a 200-day simple moving average of $10.76.

Wall Street Analyst Weigh In

STNE has been the subject of a number of research reports. Barclays decreased their target price on StoneCo from $12.00 to $10.00 and set an "equal weight" rating for the company in a report on Wednesday, January 29th. Citigroup restated a "neutral" rating and set 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 for the company in a research report on Monday, December 16th. Finally, Susquehanna cut their price objective on StoneCo from $22.00 to $19.00 and set a "positive" rating on the stock in a research report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $14.50.

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.