Sei Investments Co. lessened its position in shares of StoneCo Ltd. (NASDAQ:STNE - Free Report) by 59.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,159 shares of the company's stock after selling 46,803 shares during the quarter. Sei Investments Co.'s holdings in StoneCo were worth $256,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of STNE. Jones Financial Companies Lllp grew its position in StoneCo by 254.7% during the 4th quarter. Jones Financial Companies Lllp now owns 4,256 shares of the company's stock worth $34,000 after purchasing an additional 3,056 shares during the period. Newbridge Financial Services Group Inc. raised its position in StoneCo by 166.7% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 6,400 shares of the company's stock valued at $51,000 after acquiring an additional 4,000 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in StoneCo in the fourth quarter valued at approximately $56,000. Skandinaviska Enskilda Banken AB publ boosted its position in StoneCo by 31.6% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 7,500 shares of the company's stock worth $59,000 after purchasing an additional 1,800 shares in the last quarter. Finally, KBC Group NV purchased a new position in shares of StoneCo during the 4th quarter valued at approximately $73,000. 73.19% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
STNE has been the topic of several analyst reports. The Goldman Sachs Group dropped their price target on shares of StoneCo from $16.00 to $14.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. JPMorgan Chase & Co. cut their price target on StoneCo from $21.00 to $15.00 and set an "overweight" rating for the company in a research note on Monday, December 16th. Morgan Stanley upped their price target on StoneCo from $5.70 to $6.00 and gave the stock an "underweight" rating in a report on Friday, March 21st. Wells Fargo & Company upgraded StoneCo from an "equal weight" rating to an "overweight" rating in a research report on Wednesday, March 19th. Finally, Citigroup reiterated a "neutral" rating and set a $9.00 target price (down previously from $19.00) on shares of StoneCo in a research report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $14.50.
Get Our Latest Stock Analysis on StoneCo
StoneCo Price Performance
NASDAQ STNE traded up $0.19 during mid-day trading on Tuesday, hitting $11.95. The stock had a trading volume of 6,246,816 shares, compared to its average volume of 5,675,310. StoneCo Ltd. has a twelve month low of $7.72 and a twelve month high of $17.09. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.42 and a quick ratio of 1.42. The firm's 50 day moving average is $10.17 and its 200 day moving average is $9.86. The stock has a market capitalization of $3.69 billion, a price-to-earnings ratio of 9.34, a PEG ratio of 0.41 and a beta of 2.05.
StoneCo (NASDAQ:STNE - Get Free Report) last released its quarterly earnings data on Tuesday, March 18th. The company reported $0.39 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.07. The company had revenue of $582.20 million during the quarter, compared to the consensus estimate of $3.59 billion. StoneCo had a net margin of 16.02% and a return on equity of 13.92%. Equities research analysts forecast that StoneCo Ltd. will post 1.16 earnings per share for the current fiscal year.
About StoneCo
(
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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