Barclays PLC Boosts Stake in StoneCo Ltd. (NASDAQ:STNE)

Barclays PLC raised its holdings in shares of StoneCo Ltd. (NASDAQ:STNE - Free Report) by 170.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 440,682 shares of the company's stock after purchasing an additional 277,963 shares during the quarter. Barclays PLC owned 0.14% of StoneCo worth $4,962,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Public Employees Retirement System of Ohio bought a new position in StoneCo in the third quarter worth approximately $211,000. Nomura Asset Management Co. Ltd. lifted its position in shares of StoneCo by 1,658.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 29,900 shares of the company's stock valued at $337,000 after buying an additional 28,200 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of StoneCo in the 3rd quarter worth approximately $167,000. Zacks Investment Management raised its stake in shares of StoneCo by 9.0% during the 3rd quarter. Zacks Investment Management now owns 96,243 shares of the company's stock worth $1,084,000 after acquiring an additional 7,938 shares in the last quarter. Finally, State Street Corp lifted its position in StoneCo by 51.0% during the third quarter. State Street Corp now owns 7,972,037 shares of the company's stock valued at $89,765,000 after acquiring an additional 2,692,558 shares during the last quarter. 73.19% of the stock is owned by hedge funds and other institutional investors.

StoneCo Stock Performance

Shares of NASDAQ STNE traded up $0.20 during trading on Friday, reaching $8.20. 7,940,567 shares of the company traded hands, compared to its average volume of 5,317,922. StoneCo Ltd. has a 12-month low of $7.89 and a 12-month high of $19.46. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.47. The stock has a market cap of $2.53 billion, a P/E ratio of 6.41, a PEG ratio of 0.35 and a beta of 2.21. The firm's fifty day simple moving average is $10.28 and its 200 day simple moving average is $11.76.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on STNE. Cantor Fitzgerald raised StoneCo to a "strong-buy" rating in a research report on Thursday, October 3rd. UBS Group increased their price target on StoneCo from $17.00 to $18.00 and gave the company a "buy" rating in a research note on Thursday, August 29th. Susquehanna dropped their price target on StoneCo from $22.00 to $19.00 and set a "positive" rating on the stock in a research note on Wednesday, November 13th. Morgan Stanley reaffirmed an "underweight" rating and issued a $7.00 price objective (down from $16.50) on shares of StoneCo in a research report on Thursday, September 5th. Finally, Barclays dropped their target price on shares of StoneCo from $13.00 to $12.00 and set an "equal weight" rating on the stock in a research report on Monday, November 18th. One analyst has rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $16.13.

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.