StoneCo Ltd. (NASDAQ:STNE) Shares Sold by Marshall Wace LLP

Marshall Wace LLP cut its holdings in shares of StoneCo Ltd. (NASDAQ:STNE - Free Report) by 86.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 905,176 shares of the company's stock after selling 5,920,905 shares during the period. Marshall Wace LLP owned approximately 0.29% of StoneCo worth $7,214,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in shares of 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 purchasing an additional 1,210,817 shares in the last quarter. Barclays PLC increased its stake in StoneCo by 170.8% during the 3rd quarter. Barclays PLC now owns 440,682 shares of the company's stock worth $4,962,000 after buying an additional 277,963 shares in the last quarter. Commons Capital LLC acquired a new position in shares of StoneCo during the fourth quarter valued at approximately $383,000. Asset Management One Co. Ltd. lifted its position in shares of StoneCo by 34.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 45,569 shares of the company's stock valued at $373,000 after acquiring an additional 11,605 shares in the last quarter. Finally, HighTower Advisors LLC acquired a new stake in shares of StoneCo in the fourth quarter worth approximately $312,000. Hedge funds and other institutional investors own 73.19% of the company's stock.

StoneCo Stock Performance

Shares of StoneCo stock opened at $13.12 on Wednesday. The business's fifty day simple moving average is $10.52 and its 200-day simple moving average is $9.91. 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 firm has a market cap of $4.05 billion, a PE ratio of 10.25, a price-to-earnings-growth ratio of 0.41 and a beta of 2.05. StoneCo Ltd. has a 52 week low of $7.72 and a 52 week high of $17.09.

StoneCo (NASDAQ:STNE - Get Free Report) last announced its quarterly earnings results on Tuesday, March 18th. The company reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.32 by $0.07. StoneCo had a net margin of 16.02% and a return on equity of 13.92%. The business had revenue of $582.20 million during the quarter, compared to analysts' expectations of $3.59 billion. Equities analysts forecast that StoneCo Ltd. will post 1.16 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on STNE. Citigroup upgraded StoneCo from a "neutral" rating to a "buy" rating and raised their price objective for the company from $9.00 to $15.00 in a report on Tuesday. Morgan Stanley boosted their price target on shares of StoneCo from $5.70 to $6.00 and gave the stock an "underweight" rating in a research report on Friday, March 21st. Barclays increased their price objective on shares of StoneCo from $10.00 to $12.00 and gave the company an "equal weight" 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, The Goldman Sachs Group reduced their price objective on StoneCo from $16.00 to $14.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $15.25.

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.

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