Zurcher Kantonalbank Zurich Cantonalbank Has $768,000 Stock Position in StoneCo Ltd. (NASDAQ:STNE)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of StoneCo Ltd. (NASDAQ:STNE - Free Report) by 55.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 96,382 shares of the company's stock after purchasing an additional 34,404 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in StoneCo were worth $768,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Point72 Asset Management L.P. boosted its holdings in StoneCo by 36.2% in the 3rd quarter. Point72 Asset Management L.P. now owns 11,422,475 shares of the company's stock valued at $128,617,000 after purchasing an additional 3,035,530 shares during the period. State Street Corp raised its position in shares of StoneCo by 51.0% in the third quarter. State Street Corp now owns 7,972,037 shares of the company's stock valued at $89,765,000 after buying an additional 2,692,558 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of StoneCo by 36.0% in the third quarter. Geode Capital Management LLC now owns 5,190,344 shares of the company's stock valued at $58,302,000 after buying an additional 1,374,788 shares during the period. JPMorgan Chase & Co. grew its position in StoneCo by 327.4% during the third quarter. JPMorgan Chase & Co. now owns 1,580,679 shares of the company's stock worth $17,798,000 after buying an additional 1,210,817 shares in the last quarter. Finally, Citigroup Inc. increased its stake in StoneCo by 584.9% during the 3rd quarter. Citigroup Inc. now owns 1,339,972 shares of the company's stock worth $15,088,000 after acquiring an additional 1,144,341 shares during the period. 73.19% of the stock is owned by institutional investors and hedge funds.

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StoneCo Trading Up 1.1 %

Shares of StoneCo stock traded up $0.13 on Tuesday, hitting $11.45. 6,513,535 shares of the company's stock traded hands, compared to its average volume of 5,450,915. The company has a fifty day moving average of $9.42 and a two-hundred day moving average of $9.92. StoneCo Ltd. has a one year low of $7.72 and a one year high of $17.93. The company has a market capitalization of $3.54 billion, a price-to-earnings ratio of 8.95, a price-to-earnings-growth ratio of 0.41 and a beta of 2.33. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.42 and a quick ratio of 1.42.

StoneCo (NASDAQ:STNE - Get Free Report) last posted its quarterly earnings results on Tuesday, March 18th. The company reported $0.39 earnings per share (EPS) 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 analysts' expectations of $3.59 billion. StoneCo had a return on equity of 13.92% and a net margin of 16.02%. As a group, sell-side analysts expect that StoneCo Ltd. will post 1.16 earnings per share for the current year.

Wall Street Analyst Weigh In

STNE has been the subject of a number of recent analyst reports. Barclays upped their price target on shares of StoneCo from $10.00 to $12.00 and gave the stock an "equal weight" rating in a report on Friday. JPMorgan Chase & Co. cut their target price on StoneCo from $21.00 to $15.00 and set an "overweight" rating for the company in a research note on Monday, December 16th. The Goldman Sachs Group decreased their price target on StoneCo from $16.00 to $14.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Morgan Stanley upped their price objective on StoneCo from $5.70 to $6.00 and gave the stock an "underweight" rating in a research report on Friday. Finally, Wells Fargo & Company upgraded StoneCo from an "equal weight" rating to an "overweight" rating in a research report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $14.50.

StoneCo Company 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.