Truffle Hound Capital LLC purchased a new position in shares of StoneCo Ltd. (NASDAQ:STNE - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 125,000 shares of the company's stock, valued at approximately $996,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in STNE. JPMorgan Chase & Co. grew its position in StoneCo by 327.4% in the third quarter. JPMorgan Chase & Co. now owns 1,580,679 shares of the company's stock worth $17,798,000 after acquiring an additional 1,210,817 shares during the period. State Street Corp grew its holdings in shares of StoneCo by 51.0% during the 3rd quarter. State Street Corp now owns 7,972,037 shares of the company's stock worth $89,765,000 after purchasing an additional 2,692,558 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of StoneCo during the 3rd quarter worth about $9,091,000. Barclays PLC increased its position in shares of 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 purchasing an additional 277,963 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in StoneCo by 313.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 472,758 shares of the company's stock valued at $5,323,000 after buying an additional 358,398 shares during the period. Institutional investors and hedge funds own 73.19% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on STNE. Morgan Stanley lifted their price target on shares of StoneCo from $5.70 to $6.00 and gave the company an "underweight" rating in a research report on Friday, March 21st. The Goldman Sachs Group dropped their price objective on StoneCo from $16.00 to $14.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. JPMorgan Chase & Co. lowered their target price on StoneCo from $21.00 to $15.00 and set an "overweight" rating for the company in a report on Monday, December 16th. Citigroup reiterated a "neutral" rating and set a $9.00 price target (down from $19.00) on shares of StoneCo in a research note on Thursday, January 16th. Finally, Barclays increased their target price on shares of StoneCo from $10.00 to $12.00 and gave the stock an "equal weight" rating in a report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, six 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 price target of $14.50.
Check Out Our Latest Stock Analysis on STNE
StoneCo Stock Performance
Shares of STNE traded down $0.06 during mid-day trading on Wednesday, reaching $11.39. 5,495,089 shares of the company's stock were exchanged, compared to its average volume of 5,448,457. The stock has a market capitalization of $3.52 billion, a PE ratio of 8.90, a price-to-earnings-growth ratio of 0.41 and a beta of 2.33. The business's fifty day simple moving average is $9.54 and its 200-day simple moving average is $9.93. 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 Ltd. has a 52-week low of $7.72 and a 52-week high of $17.93.
StoneCo (NASDAQ:STNE - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $582.20 million for the quarter, compared to analyst estimates of $3.59 billion. On average, equities research analysts expect that StoneCo Ltd. will post 1.16 earnings per share for the current year.
StoneCo Company Profile
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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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