JPMorgan Chase & Co. raised its holdings in shares of StoneCo Ltd. (NASDAQ:STNE - Free Report) by 7.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,696,729 shares of the company's stock after purchasing an additional 116,050 shares during the period. JPMorgan Chase & Co. owned approximately 0.55% of StoneCo worth $13,523,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the stock. Thrivent Financial for Lutherans lifted its stake in shares of StoneCo by 6.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 21,082 shares of the company's stock valued at $168,000 after buying an additional 1,205 shares in the last quarter. Skandinaviska Enskilda Banken AB publ lifted its position in shares of StoneCo by 31.6% during the fourth 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 during the last quarter. Xponance Inc. boosted its holdings in shares of StoneCo by 10.9% in the fourth quarter. Xponance Inc. now owns 20,781 shares of the company's stock valued at $166,000 after purchasing an additional 2,044 shares during the period. Jones Financial Companies Lllp increased 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 valued at $34,000 after purchasing an additional 3,056 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of StoneCo by 3.9% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 86,750 shares of the company's stock valued at $691,000 after acquiring an additional 3,296 shares during the period. 73.19% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on STNE shares. Barclays increased 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. Citigroup restated a "neutral" rating and set a $9.00 price target (down from $19.00) on shares of StoneCo in a research report on Thursday, January 16th. The Goldman Sachs Group cut their price target on shares of StoneCo from $16.00 to $14.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Morgan Stanley raised their target price on StoneCo from $5.70 to $6.00 and gave the company an "underweight" rating in a report on Friday, March 21st. Finally, Wells Fargo & Company raised shares of StoneCo from an "equal weight" rating to an "overweight" rating in a report on Wednesday, March 19th. 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 stock. Based on data from MarketBeat.com, StoneCo currently has a consensus rating of "Moderate Buy" and an average price target of $14.50.
View Our Latest Research Report on StoneCo
StoneCo Stock Down 0.8 %
STNE stock traded down $0.10 during midday trading on Wednesday, reaching $11.85. The company had a trading volume of 2,226,036 shares, compared to its average volume of 5,664,734. The company has a market capitalization of $3.66 billion, a P/E ratio of 9.26, a PEG ratio of 0.41 and a beta of 2.05. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.47. StoneCo Ltd. has a 1 year low of $7.72 and a 1 year high of $17.09. The company has a 50 day moving average of $10.22 and a two-hundred day moving average of $9.87.
StoneCo (NASDAQ:STNE - Get Free Report) last posted its quarterly earnings results on Tuesday, March 18th. The company reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.07. The firm had revenue of $582.20 million for 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%. On average, equities research analysts expect 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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