Swiss National Bank reduced its holdings in shares of StoneCo Ltd. (NASDAQ:STNE - Free Report) by 20.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 456,057 shares of the company's stock after selling 114,000 shares during the period. Swiss National Bank owned about 0.15% of StoneCo worth $3,635,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in STNE. Thrivent Financial for Lutherans boosted its stake in shares of StoneCo by 9.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 19,877 shares of the company's stock valued at $224,000 after buying an additional 1,773 shares during the period. Intech Investment Management LLC acquired a new stake in shares of StoneCo in the 3rd quarter valued at $1,154,000. Citigroup Inc. lifted its position in shares of 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 purchasing an additional 1,144,341 shares during the last quarter. Independent Advisor Alliance grew its stake in shares of StoneCo by 23.7% during the third quarter. Independent Advisor Alliance now owns 36,295 shares of the company's stock worth $409,000 after purchasing an additional 6,947 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of StoneCo by 18.8% during the third quarter. The Manufacturers Life Insurance Company now owns 146,442 shares of the company's stock worth $1,649,000 after purchasing an additional 23,167 shares in the last quarter. 73.19% of the stock is currently owned by institutional investors and hedge funds.
StoneCo Stock Performance
NASDAQ:STNE traded down $0.30 during mid-day trading on Friday, reaching $11.16. The stock had a trading volume of 1,917,649 shares, compared to its average volume of 5,555,933. StoneCo Ltd. has a twelve month low of $7.72 and a twelve month high of $17.93. The business has a 50 day simple moving average of $9.60 and a 200 day simple moving average of $9.94. The firm has a market capitalization of $3.45 billion, a price-to-earnings ratio of 8.70, a PEG ratio of 0.41 and a beta of 2.33. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.42 and a current 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 EPS for the quarter, beating the consensus estimate of $0.32 by $0.07. StoneCo had a return on equity of 13.92% and a net margin of 16.02%. The business had revenue of $582.20 million during the quarter, compared to analysts' expectations of $3.59 billion. On average, analysts expect that StoneCo Ltd. will post 1.16 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research analysts have recently commented on STNE shares. Wells Fargo & Company upgraded StoneCo from an "equal weight" rating to an "overweight" rating in a report on Wednesday, March 19th. 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 note on Thursday, February 6th. Morgan Stanley lifted their price target on shares of StoneCo from $5.70 to $6.00 and gave the stock an "underweight" rating in a research note on Friday, March 21st. Barclays upped their price objective on shares of StoneCo from $10.00 to $12.00 and gave the company an "equal weight" rating in a research note on Friday, March 21st. Finally, JPMorgan Chase & Co. cut their target price on StoneCo from $21.00 to $15.00 and set an "overweight" rating on the stock in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $14.50.
View Our Latest Stock Analysis on StoneCo
StoneCo Profile
(
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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