807,391 Shares in StoneCo Ltd. (NASDAQ:STNE) Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of StoneCo Ltd. (NASDAQ:STNE - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 807,391 shares of the company's stock, valued at approximately $9,091,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.26% of StoneCo as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Central Bank & Trust Co. purchased a new position in shares of StoneCo during the second quarter valued at approximately $40,000. Y.D. More Investments Ltd lifted its holdings in shares of StoneCo by 90.2% during the second quarter. Y.D. More Investments Ltd now owns 4,798 shares of the company's stock valued at $58,000 after purchasing an additional 2,275 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new position in StoneCo in the 3rd quarter worth approximately $125,000. Point72 Hong Kong Ltd purchased a new position in StoneCo in the 2nd quarter worth approximately $135,000. Finally, nVerses Capital LLC purchased a new position in StoneCo in the 2nd quarter worth approximately $137,000. 73.19% of the stock is currently owned by hedge funds and other institutional investors.

StoneCo Stock Performance

Shares of STNE stock traded up $0.02 during mid-day trading on Monday, reaching $9.18. 7,508,739 shares of the company's stock traded hands, compared to its average volume of 5,275,444. StoneCo Ltd. has a 12 month low of $9.06 and a 12 month high of $19.46. The firm has a 50 day moving average price of $10.66 and a two-hundred day moving average price of $12.03. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a market capitalization of $2.84 billion, a PE ratio of 7.17, a price-to-earnings-growth ratio of 0.32 and a beta of 2.21.

Analysts Set New Price Targets

A number of brokerages recently weighed in on STNE. UBS Group boosted their price objective on shares of StoneCo from $17.00 to $18.00 and gave the stock a "buy" rating in a report on Thursday, August 29th. Morgan Stanley restated an "underweight" rating and issued a $7.00 price objective (down from $16.50) on shares of StoneCo in a report on Thursday, September 5th. Cantor Fitzgerald upgraded shares of StoneCo to a "strong-buy" rating in a report on Thursday, October 3rd. Susquehanna decreased their price objective on shares of StoneCo from $22.00 to $19.00 and set a "positive" rating for the company in a report on Wednesday, November 13th. Finally, Barclays decreased their target price on shares of StoneCo from $13.00 to $12.00 and set an "equal weight" rating for the company in a research note on Monday, November 18th. One analyst has rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, StoneCo presently has an average rating of "Moderate Buy" and an average price target of $16.89.

About StoneCo

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.